$2,595,000
$330K PRICE DROP

512 Westminster Ave Venice, CA 90291

Venice Neighborhood

Estimated payment $14,473/month

Total Views 1,926
12 Beds
6 Baths
4,338 Sq Ft
$598 Price per Sq Ft

About This Home

4-Plex with 6 Income Producing Units - (2) 4+2 split into 4 units: (2) 3+1, (2) 0+1 - 512 Westminster Avenue presents a rare value-add multifamily investment opportunity in the heart of Venice, one of Los Angeles' most sought-after coastal rental markets. Ideally situated just steps from world renowned Abbot Kinney Boulevard, the property benefits from exceptional walkability and immediate access to Venice's premier collection of boutique shopping, acclaimed restaurants, cafes, galleries, and entertainment.The property consists of a well-maintained 4-plex totaling approximately4,338 square feet on a 5,200-square-foot lot. The front upper and front lower units are currently configured as separate 3-bedroom, 1-bathroom residences with adjoining studio units, each studio containing its own bathroom. These configurations were originally designed as two 4-bedroom, 2-bathroom units and were subsequently divided, creating a 3-bedroom, 1-bathroom unit and a studio unit with bathroom in each case.As a result, the property currently operates with four 3-bedroom, 1-bathroom units and two studio units.With six income-producing units, significant frontage in a premierWestside location, and multiple avenues for future upside, 512Westminster Avenue offers investors the opportunity to acquire a trophyVenice asset with stable in-place income and compelling long-term appreciation potential in one of Southern California's most dynamic coastal communities.

Listing Agent

Chase Simonton

RE/MAX One License #01766871 Listed on: 06/09/2026

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Interior Spaces

  • 4,338 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Additional Features

  • Shed
  • 5,200 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-023-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

5,200 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4338
  • Lot Acreage: 0.1194
  • Probate: No
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 598.20

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 71.76
  • Assessed Improvement Value: 294756
  • Assessed Land Percent: 28.24
  • Assessed Land Value: 115976
  • Total Assessed Value: 410732
  • Assessor Parcel Number: 4239-023-016
  • Lot Size Area: 5200

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 10.25
  • Number Of Units: 4
  • Type Of Units: 3+1, 4+2

Map

Range of Values:

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Value Increase
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,484 $410,732 $115,976 $294,756
2024 $5,363 $402,679 $113,702 $288,977
2023 $5,271 $394,784 $111,473 $283,311
2022 $5,043 $387,044 $109,288 $277,756
2021 $4,955 $379,456 $107,146 $272,310
2019 $4,815 $368,203 $103,969 $264,234
2018 $4,759 $360,984 $101,931 $259,053
2016 $4,512 $346,969 $97,974 $248,995
2015 $4,451 $341,758 $96,503 $245,255
2014 $4,492 $335,064 $94,613 $240,451
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/06/2026 07/06/26 Price Changed $2,595,000 -11.3% $598 / Sq Ft
06/09/2026 06/09/26 For Sale $2,925,000 -- $674 / Sq Ft
Source: The MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: The MLS

MLS Number: 26845147

The MLS

APN: 4239-023-016

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