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Quadplex with 3-Bedroom and Studio Units
For Sale
$2,595,000

512 Westminster Avenue, Venice, CA 90291

1962-built quadplex with six income-producing units, including 3-bedroom, 1-bath residences and studio units with bathrooms.

Property Size4,338 SF
Lot Size0.12 Acres
Price / SF$598.20
Days on Market76

Property Features for 512 Westminster Avenue

General Information

Standard status Active
Size 4,338 SF
Lot size 0.12 Acres
Property subtype Multi-family

Building Details

Year Built 1962
Buildings 1
Building Size 4,338 SF
Tenancy Multi
Listing Agency: RE/MAX One
Listed By: Chase Simonton
Source: Sevengables
Added: May 17 Changed: Jul 30 Last Checked: Jul 30 at 8:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX One

Investment Insights

Based on property information with market context.

512 Westminster Avenue is a 1962-built quadplex totaling approximately 4,338 square feet on a 5,200-square-foot lot. The property is arranged with front upper and front lower units, each configured as separate 3-bedroom, 1-bathroom residences with adjoining studio units, and each studio includes its own bathroom.

The unit configurations were originally designed as two 4-bedroom, 2-bathroom units and were later divided, creating 3-bedroom, 1-bathroom units and studio units with bathrooms. The property currently operates with four 3-bedroom, 1-bathroom units and two studio units.

Located at 512 Westminster Avenue in Venice, the property is described as being steps from Abbot Kinney Boulevard, with access to Venice’s boutique shopping, restaurants, cafes, galleries, and entertainment.

Key Highlights

  • Quadplex on a 5,200‑square‑foot lot totaling approximately 4,338 square feet
  • Six income‑producing units: four 3‑bedroom, 1‑bath units plus two studio units
  • Studios each have their own bathroom

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Nursing Home (Bike/Boat/Book/etc) Store 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

Multi-tenant
Tenancy

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

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?
Quadplex - 1962-built quadplex with six income-producing units, including 3-bedroom, 1-bath residences and studio units with bathrooms.
Where is this quadplex located?
The property is located at 512 Westminster Avenue 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: Quadplex on a 5,200‑square‑foot lot totaling approximately 4,338 square feet; Six income‑producing units: four 3‑bedroom, 1‑bath units plus two studio units; Studios each have their own bathroom
More about this property
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