560 Westminster Avenue
Venice, CA 90291
$2,995,000
Price
4
Beds
4.5
Baths
3,200 Sq. Ft.
$936 / Sq. Ft.
3,200
Sq. Ft.
$936
per Sq. Ft.
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,...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.
- Listed by Jack Bitton • DRE #01309397 • Brokerage DRE #01268376 • Power Brokers
Property Details for 560 Westminster Avenue
Water Front
None
ZoningLARD1.5
StyleArchitectural
Parcel Number4239023003
Total Units3.0
Living Area3200
Source Living AreaPlans
AreaVenice (C11)
LISTING UPDATED: 09/16/2024 12:01 AM
Property Details for 560 Westminster Avenue
| Status | Active |
|---|---|
| MLS # | 24-437233 |
| Days on Market | 12 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1988 |
| Lot Size | 0.12 AC / 5,200 SF |
| County | Los Angeles County |
Building Information for 560 Westminster Avenue
Stories3Residences-Year Built1988Building Size-Lot Size0.12 AC / 5,200 SF
Property Information for 560 Westminster Avenue
Community / Development
Community / Development
- Tax Mello Roos: No
- Number Of Units: 3
- Senior Community: No
- Management Company Name: Self
Structure Info
Structure Info
- Year Built Source: Vendor Enhanced
- Number Of Stories: 3
- Number Of Buildings: 1
- Type Of Units: Apartments
- View: Yes
- View Description: Tree Top
- Entry Floor Number: 1
- Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Gated, Smoke Detector, T.V.
- Direction Faces: East
- Property Condition: Updated/Remodeled
- Water: Public
- Sewer: In Street
- Water Heaters: Yes
- Personal Property Amount: $30,000.00
- Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
- Probate: No
- Financing: Cash, Cash To New Loan
- Disclosures: Owner Has R.E. License, Owner Is Listing Agent
- Listing Type: Exclusive Agency
- Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
- Scheduled Actual: Actual
- Gross Operating Income: $195,600
- Net Operating Income: $176,009.00
- Gross Income: $195,600
- Cap Rate: 5.88%
- Gross Rent Multiplier: $15.31
- Actual Annual Gross Rent: $195,600.00
- Actual Gross Annual Income: $195,600
- Actual Rent Total: $195,600.00
- Lease Per Month Year: See Remarks
- Owner Pays: Gardener, Water, Electricity
- Total Annual Expense: 19591
Land / Lot Info
Land / Lot Info
- Additional Parcel Number: No
- Alley: Yes
- Paved: Yes
- Lot Acreage: 0.1194
- Lot Size Square Feet: 5200
- Lot Features: Front Yard, Back Yard, Landscaped
- Lot Description: Fenced Yard, Front Yard, Fenced, Back Yard, Automatic Gate, Alley Paved, Landscaped, Gutters, Sidewalks, Single Lot, Street Asphalt, Street Lighting
- Lot Location: Park Nearby
Parking Details
Parking Details
- Parking Garage: Assigned, Carport Detached, Carport, Door Opener, Garage - 2 Car, Garage, Garage Is Detached, Gated, Covered Parking
- Total Parking: 5
- Covered Parking: 4
- Open Other Spaces Total: 1
- Garage Spaces Total: 2
- Carport Spaces Total: 3
- Parking Features: Assigned, Detached Carport, Carport, Garage Door Opener, Garage - Two Door, Garage, Gated, Covered
- Attached Garage: No
- Garage Structures Total: 1.0
Interior Features
Interior Features
- Room Type: Entry, Loft
- Rooms: Breakfast Area, Breakfast Bar, Entry, Powder, Patio Open, Loft, Dining Area, Dining Room, Patio Covered
- Levels: Ground Level, Multi/Split, Two, Three Or More
- Fireplace Features: Gas, Gas Starter, Living Room, Wood Burning, Wood Stove Insert, Fire Pit
- Fireplace Rooms: Gas, Gas and Wood, Gas Starter, Living Room, Wood Burning, Wood Stove Insert, Fire Pit
- Den: No
- Family Room: 0
- Dining Room: 1
- Cooling: Heat Pump, Wall/Window Unit(s)
- Cooling Type: Heat Pump(s), Wall/Window, Air Conditioning
- Heating: Central, Fireplace(s), Forced Air, Natural Gas
- Heating Type: Central, Fireplace, Forced Air, Natural Gas, Other
- Flooring: Hardwood
- Equipment: Alarm System, Built-Ins, Cable, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Hood Fan, Gas Dryer Hookup, Water Line to Refrigerator, Washer, Vented Exhaust Fan, Stackable W/D Hookup, Refrigerator, Range/Oven
- Interior Features: Cathedral-Vaulted Ceilings, Recessed Lighting, Pre-wired for high speed Data, High Ceilings (9 Feet+), Living Room Deck Attached, Built-Ins
- Room Kitchen Features: Kitchen Island
- Kitchen Features: Gourmet Kitchen, Island
- Room Bathroom Features: Granite Counters, Remodeled, Low Flow Toilet(s), Low Flow Shower, Tile Counters
- Bathroom Features: Double Shower, Granite, Remodeled, Powder Room, Low Flow Toilet(s), Low Flow Shower(s), Travertine, Tile
- Cooking Appliances: Built-In And Free Standing, Built-In Gas, Built-Ins, Cooktop - Gas, Double Oven, Free Standing Gas, Gas, Gas Grill, Gas/Electric Range, Microwave, Oven, Range Hood, Range, Oven-Gas
- Laundry: In Unit, Garage, Inside
- Laundry Equipment: Own
- Volt220 Location: In Garage
- TV Services: TV Satellite Dish
Exterior Features
Exterior Features
- Pool: No
- Private Pool: No
- Pool Description: None
- Pool Features: None
- Spa: No
- Spa: None
- Tennis Court: None
- Roof: Composition
- Sprinklers: None
- Patio Features: Rock/Stone, Living Room Deck Attached, Other - See Remarks, Covered Porch, Concrete Slab
- Entry Location: Main Level
- New Construction: No
- Construction Materials: Steel Siding, Stucco, Wood Siding
- Exterior Construction: Steel Siding, Stucco, Wood Siding
- Foundation Details: Slab
- Other Structural Features: Balcony, High Ceilings (9 Feet+), Full Copper Plumbing, Slab
- Other Structures: None
Lease Terms
Lease Terms
- Entry Date: 09-08-2024
- Rent Control: No
- Tenant Pays: Cable TV, Electricity, Water, Trash Collection
Unit Details
Unit 1 Information
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $4,500.00
- Unit Actual Rent: $4,500.00
- Unit Projected Rent: $4,500.00
- Like Units: 1
Unit 2 Information
- Unit Beds: 1
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $4,300.00
- Unit Actual Rent: $4,300.00
- Unit Projected Rent: $4,500.00
- Like Units: 1
Unit 3 Information
- Unit Beds: 2
- Unit Baths: 3
- Unit Furnished: No
- Unit Rent: $7,500.00
- Unit Actual Rent: $7,500.00
- Unit Projected Rent: $7,995.00
- Like Units: 1
Unit Details
- Unit Type Type: 2106, 2107, 2108
- Number of Dishwasher: 3
- Number of Disposal: 3
- Number of Electric Meters: 4
- Number of Gas Meters: 1
- Number Leased: 3
- Number Patio: 3
- Number Range: 3
- Number Refrigerator: 3
- Number Wall AC: 3
- Number Water Meters: 3
Tax and Assessed Info
Tax and Assessed Info
- Tax Percent: 1.20%
- Assessed Improvement Value: $270,564.00
- Assessed Improvement Percent: 30.3
- Assessed Land Value: $622,298.00
- Assessed Land Percent: 69.7
- Assessed Total Value: $892,862.00
- Private Transfer Taxes: No
Property History for 560 Westminster Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 560 Westminster Avenue
Taxable ValueLand$708,064Additions$307,851Total$1,015,915
Tax Record2023$12,363 ($1,030 / month)
Home Facts
Total Finished SqFt2,760 SqFtAbove Grade Finished SqFt2,760 SqFtLot Size5,200 SqFtStyleTriplexYear Built1988ZoningLARD1.5CountyLOS ANGELESAPN4239-023-003
Schools near 560 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.
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Listing Courtesy of Power Brokers, Jack Bitton, DRE #01309397
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.