502 Westminster Ave Venice, CA 90291
Venice NeighborhoodEstimated payment $12,432/month
Highlights
- Laundry Room
- Venice High School Rated A
- Bike Trail
About This Home
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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 04/27/2026
Co-Listing Agent
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 5,461 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Parking Spaces
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 2,728 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Private Sewer
Listing and Financial Details
- Legal Lot and Block 17 / P
- Tax Tract Number 2
- Assessor Parcel Number 4239023018
- $533 per year additional tax assessments
Community Details
Recreation
- Bike Trail
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $4,092
- Maintenance Expense $4,767
- Other Expense $1,800
- New Taxes Expense $26,656
- Operating Expense $38,515
- Gross Income $158,910
- Net Operating Income $115,628
Additional Features
- 4 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,212 | $744,007 | $360,731 | $383,276 |
| 2024 | $9,212 | $729,419 | $353,658 | $375,761 |
| 2023 | $9,042 | $715,118 | $346,724 | $368,394 |
| 2022 | $8,634 | $701,097 | $339,926 | $361,171 |
| 2021 | $8,517 | $687,351 | $333,261 | $354,090 |
| 2019 | $8,268 | $666,966 | $323,377 | $343,589 |
| 2018 | $8,186 | $653,889 | $317,037 | $336,852 |
| 2016 | $7,816 | $628,500 | $304,727 | $323,773 |
| 2015 | $7,704 | $619,060 | $300,150 | $318,910 |
| 2014 | $7,753 | $606,934 | $294,271 | $312,663 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $2,200,000 | -- | $806 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | United Title Company |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26088964
APN: 4239-023-018
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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