We are pleased to present 120 Westminster Ave, a 20 + 1 unit apartment building located in Venice, a very desirable submarket of Los Angeles. Built in 1920, the property consists of four (4) bachelor units, eight (8) studio units, seven (7) one-bedroom + one-bathroom units and one (1) one-bedroom + one-bathroom +loft unit. The building is 7,674 gross square feet and sits on a 5,312 square foot lot.120 Westminster Ave, is situated in the heart of Venice, offering both a residential charm and access to lively surroundings. The location is just steps away from the beach and the trendy Abbot Kinney Boulevard, which is lined with upscale boutiques and cafes. It's also a short drive to Santa Monica, Marina del Rey, and other popular Westside locations.120 Westminster Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.56% with the ability to improve to a 7.29% CAP rate once units turnover.
Property Details
Property Features
Property Information:
Year Built: 1920
Stories: 3
Living Area: 7,674 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Michael Sterman
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: None
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: On Westminster in between Main and Pacific
Price Information
Listing Price Info
Price Summary:
List Price: $4,700,000
Price Per SqFt: $612/SqFt
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.6M more than the Median Sold Price and $29/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24459106
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Michael Sterman
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Westminster Avenue Elementary
1010 Abbot Kinney Blvd
Distance between this listing and this school0.15 miles
Public District Grades KG-5
8
/10
Broadway Elementary School
1015 Lincoln Blvd
Distance between this listing and this school0.88 miles
Public District Grades KG-5
6
/10
Coeur d'Alene Avenue School
810 Coeur D Alene Ave
Distance between this listing and this school1.14 miles
Public District Grades KG-5
Nearby Schools
5
/10
Westside Global Awareness Magnet
104 Anchorage St
Distance between this listing and this school0.86 miles
Public Magnet Grades KG-8
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school1.18 miles
Public District Grades KG-8
5
/10
Mark Twain Middle School
2224 Walgrove Ave
Distance between this listing and this school1.62 miles
Public District Grades 6-8
Nearby Schools
6
/10
Animo Venice Charter High School
820 Broadway St
Distance between this listing and this school0.75 miles
Public Charter Grades 9-12
2
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school1.18 miles
Public District Grades 9-12
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school1.67 miles
The neighbors living near this home have an average income of $44,695. Most Los Angeles, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 120 Westminster Ave
What is the listing price of this property?
The listing price of 120 Westminster Ave property is $4,700,000.
What type of property is this?
The property 120 Westminster Ave is a house located in Venice, California, 90291.
Is this property for sale now?
Active Listing: 120 Westminster Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the square footage of this property?
The property 120 Westminster Ave is 7,674 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 120 Westminster Ave is 1920.
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This home is located at 120 Westminster Ave in Venice, CA and zip code 90291 in the Venice neighborhood. This 7,674 square foot home, which was built in 1920, sits on a 0.07 acre lot. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $4,700,000.
In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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