120 Westminster Avenue is comprised of a 21-unit apartment building and an adjacent parking lot with nine parking spaces. The four-story, vintage 1920's building features the charm and appeal of an Art Deco period building from its stone entryway and marble-floored foyer to the exposed brick in select units. The asset offers a strong mix of 1 BD/ 1BA and studio units, along with onsite laundry facilities, storage units and bike storage. The property's location in prime Venice is just one block from the ocean and the world-renowned Venice Beach Boardwalk, and within walking distance to the high-end shopping and dining amenities along Abbot Kinney Boulevard (dubbed "the Coolest Street in America" by GQ Magazine), as well as vibrant Main Street and Rose Avenue. With over 34% upside on actuals, 120 Westminster Avenue represents a unique, value-add opportunity for investors, given the property's architectural bones, strong upside in rental income and prime Venice location.
Listing Agent: Robert Stepp 01456379 Courtesy of: Keller Williams - Santa Monica "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 6th December, 2022 10:22 PM (UTC)
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