Skip To Content

    14 Westminster Ave

    Venice, CA 90291
    • $10,399,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 21-723562
    UPDATED: 54 min ago
    $10,399,000
    • 15
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,350
      SQFT
    • $1,112
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:
    Area:

    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

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-23T13:43:02.56. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/116636194
    Print Image

    14 Westminster Ave Venice, CA 90291

    • Price: $10,399,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 21-723562
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    9,350
    SQFT
    $1,112
    $/SQFT
    1912
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    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

    Lot Size Area 3148 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 25.00 Cooling Ceiling Fan Equipment Ceiling FanDishwasherDryerGarbage DisposalMicrowaveHood FanRange/OvenWasher Flooring HardwoodLaminate Heating Wall Kitchen Features KitchenetteCounter TopRemodeled Laundry Laundry Area

    Property Features

    Assessed Total Value 6681548 Complex Name Morrison Apartments Gross Income 588800 Gross Operating Income 571233 Like Units1 1 Like Units2 2 Like Units3 9 Like Units4 12 Net Operating Income 359467.00 Number Of Buildings 1 Number Of Units 24 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 211766 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Jessica Barouch DRE#01379495 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-23T13:43:02.56. 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. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-723562-6.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-723562-6.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-723562-6.jpg
    Logo
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260