537 W Westminster Avenue Venice, CA ^$ 2,900,000

537 W Westminster Avenue

^$ 2,900,000

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537 W Westminster Avenue

Venice, CA, 90291

^$ 2,900,000

Bedrooms6 Baths5.0 Sq 2,389

Monthly Estimate*

^$ 20,257

Listed by John L. Scott Real Estate

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Multi-Family Home for sale in Venice, CA

for $2,900,000 with 6 bedrooms and 5 full baths. This 2,389 square foot home was built in 1920 on a lot size of 0.2389.

OCEAN PARK VILLA BUNGALOWS OF VENICE BEACH - This property includes 2 Duplexes and a 2 Bedroom Home. 5 Units - with a 10,408 sqft. Double Lot is ready to be reimagined with your vision. Each bungalow offers its own unique charm, that make them perfect for both short-term and long-term stays. Whether you're looking for a cozy romantic getaway or a spacious family retreat, these bungalows are sure to provide the perfect setting for your summer vacation stay. Venice Beach known around the globe as an artistic beachside community, steps a way from Abbot Kinney, among the hottest international retail stores, shopping, family friendly dining, and popular nightlife destinations. Nearby developments, and projects that are currently under construction makes Venice Beach the ultimate tranquil desired living. The metropolitan nearby Santa Monica Pier, 3rd street Prominade, brings young professionals from around the world to the stylish Venice Ocean Park Villas. 5 minute walks to beach , 2 blocks from Abbot Kinney world class shopping.

Multi-Family Active

Price

^$ 2,900,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.2389

Year Built

1920

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

23247011

Days on Market

431

Features

General

Sewer SewerTapPaid

Heating WallFurnace

Cooling None

Roof Composition Shingle

Appliances Microwave Oven

Zoning LARD1.5

Garage Spaces 4.0

Patio/Porch Features None

Architectural Style Bungalow

Pool Features None

Construction Materials WoodSiding

Year Built 1920

Tenant Pays CableTV Gas GroundsCare

View None

Gross Income 29000.0

Accessibility None

County Los Angeles

Net Operating Income 27000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name 273300

Facing Direction North

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Buyer Financing Cash

Directions 5th avenue to Westminster

City Venice

Entry Location Ground Level w/steps

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area C11 - Venice

Lot Size Square Feet 10408.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Westminster

Listing Terms Conventional

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Virtual Tour https://www.themls.com/properties/vt/CA/Venice/537--W-Westminster-Ave/Residential-Income/23-247011

Days on Market 268

Standard Status Active

Occupancy Description Tenant

Year Built Source Assessor

Interior

Flooring Carpet Wood

Fireplace Features None

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Window Features Blinds Screens

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Laundry Features None

Total Bedrooms 6

Electric On Property Y/N N

Total Baths 5

Exterior

Water Source Public

Total Parking 4.0

Lot Size Area 10408.0

Foundation Details Block

Number of Buildings 3

Spa N

Building Area Total 2389.0

Lot Size Acres 0.2389

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 537

* Excluded Features

List By

John L. Scott Real Estate

Broker

(323) 405-2500

Phone

Affordability Calculator

$20,257

Per Month

Monthly Principal & Interest: $20,257
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Venice, CA

Average List Price ^$2,971,717

Percent of Sale Price 2%

About Venice, CA

29,124 Population

-6% Since 2002

^$89,009 Median Income

41.51 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/18/2024	$2,900,000	-17.14%	Price Down
10/4/2023	$3,500,000	-12.50%	Price Down
3/3/2023	$4,000,000		Listed Price

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537 W Westminster Avenue, Venice, CA, 90291 is a Multi-Family Home for sale at $2,900,000 with 2,389 sqft and a lot size of 0.2389. 537 W Westminster Avenue has 6 bedrooms, 5.0 baths, and was built in 1920. The property's zip code is 90291 which is in Venice, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/7/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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537 W Westminster Avenue

Multi-Family Home for sale in Venice, CA

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