Active

502 Westminster

Venice, CA 90291
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt2,728

Sqft

SqFt5,461

Sqft(Lot)

Located just one block from Abbot Kinney Boulevard, 502 Westminster Ave presents a scrupulously maintained 4-unit multifamily opportunity in one of Venice’s most sought-after coastal neighborhoods. The property sits on a quiet residential street while offering immediate access to some of the area’s best dining, retail, and lifestyle amenities. The asset consists of four 2-bedroom / 1-bath units totaling approximately 2,728 square feet on a 5,461 square foot lot. The property offers a strong unit mix in a premier rental location with consistent demand from tenants seeking proximity to Abbot Kinney, Rose Avenue, and the beach. The offering provides strong current income with substantial upside as rents trend toward market levels. Three units have updated kitchens, and two units feature newly installed modern mini split AC/heat systems. The asset is further supported by 4 on-site parking spaces with alley access and potential to increase to 8 parking spaces. This is a valuable tenant amenity in this neighborhood. All four units have new circuit breaker panels, and a well-maintained shared outdoor patio space has been designed for minimal owner upkeep at this highly desirable corner location. With its prime location, desirable unit mix, and clear rental upside, 502 Westminster Ave represents an excellent opportunity for investors seeking both stable in-place income and long-term appreciation in one of Los Angeles’ most desirable beachside neighborhoods.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,995,000

AD Id : 77772218

MLS Id : SB26088964

Lot Size : 5,461 Sqft

Living Area Size : 2,728

Year Built : 1959

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Private Sewer

  • Building Information

    Year Built: 1959 Building Area Total: 2,728
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1254
  • Lot Size Source: Assessor Lot Size Square Feet: 5461

  • Listing Price Information

    Original List Price: 1,995,000 Listing Contract Date: 2026-04-27
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4239023018

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C11 - Venice Directions: On the Corner of 5th Ave and Westminster Ave in Venice Beach Source Property Type: Residential Income Area: C11 - Venice Property SubType: Apartment
  • Building and Construction

    Property Age: 67 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: Gate Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3932 Glencoe Avenue, Venice, CA, 90291 $4,299,000 4 6 4,325 4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291 $2,495,000 -- -- 2,947 2,947 SqFt
2478 Glyndon Avenue, Venice, CA, 90291 $1,850,000 4 2 2,807 2,807 SqFt
2040 Glencoe Avenue, Venice, CA, 90291 $4,748,000 4 4 3,800 3,800 SqFt
2445 Glyndon Avenue, Venice, CA, 90291 $4,650,000 5 5 3,950 3,950 SqFt
2026 Louella Avenue, Venice, CA, 90291 $4,095,000 4 4 3,400 3,400 SqFt
2477 Walnut Avenue, Venice, CA, 90291 $1,885,000 4 2 1,398 1,398 SqFt
1347 Palms Boulevard, Venice, CA, 90291 $9,600,000 4 4 3,872 3,872 SqFt
2013 Louella Avenue, Venice, CA, 90291 $3,648,000 4 4 3,175 3,175 SqFt
2036 Glyndon Avenue, Venice, CA, 90291 $4,995,000 5 5 4,275 4,275 SqFt

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ByOwner last updated this listing 06/05/2026 @ 15:49

MLS: SB26088964 LISTED BY: Brett Lyon, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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