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Six-Unit Apartment Building
For Sale
Under Contract
$2,595,000

512 Westminster Ave, Venice, CA 90291

Residential Income, Venice, CA

Property Size4,338 SF
Lot Size0.12 Acres
Price / SF$598.20
Days on Market95

Property Features for 512 Westminster Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning LARD1.5
Bedrooms 12
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 5, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 10, Bedroom 6, Bedroom 12, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 9, Bedroom 11, Bathroom 6, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 1
Parking 4
Parking features Driveway
Directions North of San Juan Ave
Subdivision Venice
Standard status Active Under Contract
APN 4239-023-016
Size 4,338 SF
Lot size 0.12 Acres

Building Details

Year built 1962
Floors in Building 2
Number of units 4
Listing Agency: RE/MAX One · RE/MAX International
Listed By: Chase Simonton · License #01766871
Added: Jun 9 Changed: Sep 9 Last Checked: Sep 11 at 8:06AM
MLS# 26845147

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1962 apartment property contains approximately 4,338 square feet on a 5,200-square-foot lot and is configured as six income-producing units. The current layout includes four 3-bedroom, 1-bathroom residences and two studio apartments, with each studio providing its own bathroom. The property also includes driveway parking and is zoned LARD1.5.

Located at 512 Westminster Avenue in Venice, the property is positioned near Abbot Kinney Boulevard and its collection of shopping, restaurants, cafes, galleries, and entertainment. The asset offers an established multifamily configuration with distinct residential units in a coastal Los Angeles setting.

Key Highlights

  • Six income‑producing units: four 3‑bedroom, 1‑bathroom units and two studios
  • Approximately 4,338 square feet on a 5,200‑square‑foot lot
  • Built in 1962

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Nursing Home Butcher Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,106
Businesses Nearby

Demographics for 90291, CA

28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Configured with four three-bedroom residences and two studio apartments, each with its own bathroom.
Where is this apartment building located?
The property is located at 512 Westminster Ave Venice, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Six income‑producing units: four 3‑bedroom, 1‑bathroom units and two studios; Approximately 4,338 square feet on a 5,200‑square‑foot lot; Built in 1962
More about this property
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