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Listing Details

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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 the Combined LA/Westside Multiple Listing Service as of 2021-09-19T15:42:42.06. 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.jelmbergteam.com/homes/116636194
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14 Westminster Ave Venice, CA 90291

  • Price: $9,995,000
  • Status: Active
  • Updated: 52 min ago
  • MLS #: 21-723562
15
Beds
0
Baths
0
½ Baths
0.07
Acres
9,350
SQFT
$1,069
$/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 2021-09-19T15:42:42.06. 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.
 
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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211