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#24408041, Tamra (Tami) Pardee, Listing Office: Pardee Properties
#24459106·
Listing Office: Marcus & Millichap·
Listing Agent: Michael Sterman·
Listing Office Phone: 818-212-2700
120 Westminster Ave Venice, CA 90291
$4,395,000 List price
0 beds
7,674 sqft
0.07 acres
$573 / sqft
House
Property details
About 120 Westminster Ave
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.
Highlights
Home typeOther
StatusActive
CoolingWall/Window Unit(s)
Size7,674 sqft
Lot size0.0668 Acres
Year built1920
MLS #24459106
Summary
- MLS Number: 24459106
- MLS Name: CRMLS
- 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: 2/5/2025, 9:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,395,000
120 Westminster Ave
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Price information
Property sales
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Tax history
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Nearby schools
5
Westminster Avenue Elementary
Public District KG-5
0.2 mi
•1010 Abbot Kinney Blvd
8
Broadway Elementary School
Public District KG-5
0.9 mi
•1015 Lincoln Blvd
6
Coeur d'Alene Avenue School
Public District KG-5
1.1 mi
•810 Coeur D Alene Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,695. Residents of Venice, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
40%
<35k
43%
35k-100k
16%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
88%
Single, No Kids
2%
Single, with Kids
7%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
1%
12-17 yrs old
47%
18-34 yrs old
45%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 120 Westminster Ave
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. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since November 1, 2024 and is currently priced at $4,395,000.
Over 294 listings were sold over their listed price in January 2025 in Venice, CA. In the same period over 545 listings were sold below the listed price and 161 listings were sold for the listed price. Between December and January 2025, Venice, CA real estate market has seen increase in the number of listings by 20.1%. In January 2025 median list price was $1,035,435 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.