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$9,995,000
14 Westminster Ave, Venice, CA 90291
15 Beds
25 Baths
9,350 sqft

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14 Westminster 24 units sits just one block from the beach and several units have partial or ocean view. The Morrison building has been newly renovated but with all the Venice charm. Excellent unit mix composed of Studio, One Bedroom, Two bedroom units, Penthouse. Renovated apartments have laminate hardwood floor, new kitchen with designer backsplash, spacious bathroom, quartz countertops, lot of cabinets, built-in closets. Easy access to all that Venice has to offer: The Boardwalk, Artists, market, coffee shops, 5 minutes walk to Abbot Kidney or Main Street. It is called Morrison Apartments for reason-rumor has it, Jim Morrison once lived there. Good cash flow, easy to maintain with still value-add and upside potential. Master meters allow rent increase of an extra 2% per year. Check 40 Westminster 18 units for sale on MLS 21-725198. Both buildings 14 an 40 Westminster for sale $17,498,000
  • Price:
  • $9,995,000
  • Bedrooms:
  • 15
  • Square Footage:
  • 9,350
  • Acreage:
  • 0.07
  • Year Built:
  • 1912
  • Listing ID #:
  • 21-723562
  • Street Address:
  • 14 Westminster Ave
  • City:
  • Venice
  • State:
  • California
  • Postal Code:
  • 90291
  • County:
  • Los Angeles
  • Community:
  • Venice
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Flooring:
  • Hardwood, Laminate
  • Number Of Units:
  • 24
  • Stories:
  • 3
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 9350
  • Year Built:
  • 1912
  • Gross Income:
  • 588800
  • Net Operating Income:
  • 359467.00
  • Conforms To Zoning:
  • Lard1.5
  • Lot Square Footage:
  • 3148
  • Days On Market:
  • 169
  • Complex Name:
  • Morrison Apartments
  • Price Per Square Foot:
  • 1068.98
  • Kitchen:
  • Kitchenette, Counter Top, Remodeled
  • Cooling System:
  • Ceiling Fan
  • Equipment:
  • Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Microwave, Hood Fan, Range/Oven, Washer
  • Heating:
  • Wall
  • Laundry:
  • Laundry Area
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Jessica Barouch of Keller Williams Studio City
  • CACLAW

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