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560 Westminster Avenue

Venice, CA 90291
  • $3,295,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 23294501
$3,295,000
  • 4
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,200
    SQFT
  • $1,030
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1988
County:
Area:

School Ratings & Info

Listing Agent(s): Jack Bitton of Power Brokers (310-402-5593)


Description

Amazing, hip triplex built in 1988 (no local rent control) located in the most desirable pocket in Venice off Abbott Kinney and less than 6 blocks to the beach. This amazing triplex sits on almost 6000 foot of land and all 3 units were renovated & updated in the last 5 years. All units have hardwood floors, inside laundry and their own private outdoor space. Unit 1 is located on the main level with no common walls and has 2 bedrooms & 2 baths. Updates include hardwood floors, wood burning fireplace, high ceilings, custom doors, custom built ins, a spa like bathroom and custom kitchen w/ SS appliances & central heat. Unit 1 also has exclusive private use of yard, barbecue, firepit and includes a gated 2 car garage, lots of storage and its own Washer/dryer. Unit 1 is recently rented long-term for $7500 Upstairs units 2 & 3 are mirror one-bedroom 2-story lofts with 20 ceilings, skylights and tons of natural light. Unit 2 has a real Chefs kitchen to die for and both units have split heat/AC, hardwood floors and each share a small private deck in addition to separate large outdoor patios. Covered parking for each of those units. Both units have long term tenants. Community outdoor space in front and back with new hardscape, landscape and IPA fencing all around. New electrical service (incl main) was installed for all units. Newer roof (2 years old). Truly one of the nicest triplexes to come around with little deferred maintenance. Always leased w/ great tenants. Second owner. Could be great owner user or steady income stream. Short distance to all the trendy shops, restaurants and grocery stores.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142100067
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560 Westminster Avenue Venice, CA 90291

  • Price: $3,295,000
  • Status: Active
  • On Site: 57 Days
  • MLS #: 23294501
4
Beds
0
Baths
0
½ Baths
0.12
Acres
3,200
SQFT
$1,030
$/SQFT
1988
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
Amazing, hip triplex built in 1988 (no local rent control) located in the most desirable pocket in Venice off Abbott Kinney and less than 6 blocks to the beach. This amazing triplex sits on almost 6000 foot of land and all 3 units were renovated & updated in the last 5 years. All units have hardwood floors, inside laundry and their own private outdoor space. Unit 1 is located on the main level with no common walls and has 2 bedrooms & 2 baths. Updates include hardwood floors, wood burning fireplace, high ceilings, custom doors, custom built ins, a spa like bathroom and custom kitchen w/ SS appliances & central heat. Unit 1 also has exclusive private use of yard, barbecue, firepit and includes a gated 2 car garage, lots of storage and its own Washer/dryer. Unit 1 is recently rented long-term for $7500 Upstairs units 2 & 3 are mirror one-bedroom 2-story lofts with 20 ceilings, skylights and tons of natural light. Unit 2 has a real Chefs kitchen to die for and both units have split heat/AC, hardwood floors and each share a small private deck in addition to separate large outdoor patios. Covered parking for each of those units. Both units have long term tenants. Community outdoor space in front and back with new hardscape, landscape and IPA fencing all around. New electrical service (incl main) was installed for all units. Newer roof (2 years old). Truly one of the nicest triplexes to come around with little deferred maintenance. Always leased w/ great tenants. Second owner. Could be great owner user or steady income stream. Short distance to all the trendy shops, restaurants and grocery stores.
Exterior Features

Attached Garage YN No Carport Spaces 3 Carport YN Yes Construction Materials Steel SidingStuccoWood Siding Direction Faces East Entry Level 1 Entry Location Main Level Exterior Features Fire Pit Foundation Details Slab Lot Features Back YardFront YardLandscaped Number Of Separate Electric Meters 4 Open Parking Spaces 1 Parking Features AssignedCoveredCarportDoor-MultiDetached CarportGarageGarage Door OpenerGated Parking Total 5 Patio And Porch Features ConcreteCoveredStoneSee Remarks Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No View YN Yes

Interior Features

Appliances Built-InDouble OvenDishwasherGas CooktopDisposalGas OvenGas RangeMicrowaveOvenRangeRefrigeratorRange HoodVented Exhaust FanDryerWasher Cooling Heat PumpWall/Window Unit(S) Cooling YN Yes Fireplace Features InsertGasGas StarterLiving RoomWood BurningWood Burning Stove Fireplace YN Yes Flooring Wood Heating CentralForced AirFireplace(S)Natural Gas Heating YN Yes Interior Features Ceiling Fan(S)Cathedral Ceiling(S)High CeilingsLiving Room Deck AttachedRecessed LightingLoft

Property Features

Additional Parcels YN No Association YN No Buyer Financing Cash Cap Rate 5.31 Community Features Gated Electric Expense 493 Garage YN Yes Gross Income 195600 Insurance Expense 1548 Laundry Features InsideIn GarageStacked Levels TwoThree Or MoreMulti/Split Listing Agreement Seller Reserved Listing Service Full Service Maintenance Expense 3600 Net Operating Income 176009 New Construction YN No New Taxes Expense 11208 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 3 Number Of Units Leased 3 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN No Security Features Carbon Monoxide Detector(S)Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityTrash CollectionWater Trash Expense 600 Vacancy Allowance Rate 0 Water Sewer Expense 342 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Jack Bitton of Power Brokers (310-402-5593)