537 Westminster Avenue

Venice, CA 90291

$2,900,000
Price
6
Beds
5
Baths
2,389 Sq. Ft.
$1,214 / Sq. Ft.
2,389
Sq. Ft.
$1,214
per Sq. Ft.

Description

OCEAN PARK VILLA BUNGALOWS OF VENICE BEACH - This property includes 2 Duplexes and a 2 Bedroom Home. 5 Units - with a 10,408 sqft. Double Lot is ready to be reimagined with your vision. Each bungalow offers its own unique charm, that make them perfect for both short-term and long-term stays. Whether you're looking for a cozy romantic getaway or a spacious family retreat, these bungalows are sure to provide the perfect setting for your summer vacation stay. Venice Beach known around the globe as an...OCEAN PARK VILLA BUNGALOWS OF VENICE BEACH - This property includes 2 Duplexes and a 2 Bedroom Home. 5 Units - with a 10,408 sqft. Double Lot is ready to be reimagined with your vision. Each bungalow offers its own unique charm, that make them perfect for both short-term and long-term stays. Whether you're looking for a cozy romantic getaway or a spacious family retreat, these bungalows are sure to provide the perfect setting for your summer vacation stay. Venice Beach known around the globe as an artistic beachside community, steps a way from Abbot Kinney, among the hottest international retail stores, shopping, family friendly dining, and popular nightlife destinations. Nearby developments, and projects that are currently under construction makes Venice Beach the ultimate tranquil desired living. The metropolitan nearby Santa Monica Pier, 3rd street Prominade, brings young professionals from around the world to the stylish Venice Ocean Park Villas. 5 minute walks to beach , 2 blocks from Abbot Kinney world class shopping.
  1. Listed by John Scott • DRE #01369752 • Brokerage DRE #01369752 • John L. Scott Real Estate

Property Details for 537 Westminster Avenue

Water Front
None
Zoning
LARD1.5
Style
Bungalow
Cross Streets
Electric to Westminster
Accessibility Features
None
Parcel Number
4239020024
Total Units
5.0
Living Area
2389

Location

Listing Courtesy of John L. Scott Real Estate, John Scott, DRE #01369752
Add your commute
LISTING UPDATED: 04/18/2024 10:48 AM

Property Details for 537 Westminster Avenue

StatusActive
MLS #23-247011
Days on Market272
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.24 AC / 10,408 SF
CountyLos Angeles County

Location

Listing Courtesy of John L. Scott Real Estate, John Scott, DRE #01369752
Add your commute

Building Information for 537 Westminster Avenue

Stories1Residences-Year Built1920Building Size-Lot Size0.24 AC / 10,408 SF

Payment Calculator

$16,056 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$230

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 537 Westminster Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Senior Community: No
  • Builders Tract Name: 273300
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: 5
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: North
  • Water: District
  • Sewer: In Street Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Gas
  • Water District: DWP
  • Building Permit: No
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Cash
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $26,000
  • Net Operating Income: $27,000.00
  • Gross Income: $29,000
  • Gross Rent Multiplier: $3.00
  • Actual Annual Gross Rent: $29,000.00
  • Actual Rent Total: $29,413.00
  • Owner Pays: Water
  • Total Annual Expense: 560
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2389
  • Lot Size Square Feet: 10408
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Rooms: Breakfast
  • Levels: Ground Level
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed, Carpet, Hardwood
  • Equipment: None
  • Kitchen Features: Counter Top
  • Room Bathroom Features: Tile Counters, Shower in Tub
  • Bathroom Features: Tile, Shower and Tub
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
  • Cooking Appliances: Electric, Free Standing Gas, Gas, Oven, Microwave
  • Laundry: None
  • Laundry Equipment: Own
  • Disability Access: None
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • Windows: Screens, Window Blinds
  • New Construction: No
  • Construction Materials: Wood Siding
  • Exterior Construction: Wood Siding
  • Foundation Details: Block
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-03-2023
  • Listing Terms: Cash To New Loan, Conventional
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Gas, Gardener
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $848.00
  • Unit Actual Rent: $850.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $729.00
  • Unit Actual Rent: $750.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $875.00
  • Unit Actual Rent: $850.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $800.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $74,896.00
  • Assessed Improvement Percent: 51.25
  • Assessed Land Value: $71,256.00
  • Assessed Land Percent: 48.75
  • Assessed Total Value: $146,152.00
  • Private Transfer Taxes: No

Property History for 537 Westminster Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 537 Westminster Avenue

Taxable ValueLand$72,681Additions$76,393Total$149,074
Tax Record2023$2,760 ($230 / month)
Home Facts
Total Finished SqFt2,389 SqFtAbove Grade Finished SqFt2,389 SqFtLot Size10,408 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningLARD1.5CountyLOS ANGELESAPN4239-020-024

Schools near 537 Westminster Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

537 Westminster Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on March 3, 2023 by John L. Scott Real Estate, it's currently listed at $2,900,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 537 Westminster Avenue is a 6-bed, 5-bath, 2,389 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott Real Estate, John Scott, DRE #01369752

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.