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Listing Details

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On Site
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On Market
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MLS #
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School Ratings & Info

Description

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

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T08:25:09.053. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
www.searchwithcompass.com/homes/116658938
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14 Westminster Avenue Venice, CA 90291

  • Price: $9,995,000
  • Status: Active
  • Updated: 56 min ago
  • ID#: 21723562
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1912
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
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
Exterior Features

Parking Features None

Interior Features

Appliances DishwasherDisposalMicrowave Flooring LaminateWood Heating Wall Furnace Heating YN Yes

Property Features

Gross Income 588800 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 359467 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 4 Zoning Lard1.5

Listing provided courtesy of Jessica Barouch of Keller Williams Studio City and Eric Sackler of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T08:25:09.053. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
 
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Brandon Hobbs Group | Compass
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