120 Westminster Ave 120 Westminster Ave
Venice, CA 90291

120 Westminster Ave presents an attractive multifamily investment opportunity in Venice, CA, featuring 21 units and full occupancy on a compact 0.12-acre site. Built in 1920, this well-maintained asset spans 7,674 square feet and offers a diverse unit mix with significant upside potential. Current in-place rents average $1,513 per unit, approximately 46.6% below market rents of $2,219, providing substantial value-add opportunities through lease turnover or repositioning.

The property is offered at $4,300,000, equating to $204,762 per unit and $560 per square foot, with a current cap rate of...