4-Plex with 6 Income Producing Units - (2) 4+2 split into 4 units: (2) 3+1, (2) 0+1 - 512 Westminster Avenue presents a rare value-add multifamily investment opportunity in the heart of Venice, one of Los Angeles' most sought-after coastal rental markets. Ideally situated just steps from world renowned Abbot Kinney Boulevard, the property benefits from exceptional walkability and immediate access to Venice's premier collection of boutique shopping, acclaimed restaurants, cafes, galleries, and entertainment.The property consists of a well-maintained 4-plex totaling approximately4,338 square feet on a 5,200-square-foot lot. The front upper and front lower units are currently configured as separate 3-bedroom, 1-bathroom residences with adjoining studio units, each studio containing its own bathroom. These configurations were originally designed as two 4-bedroom, 2-bathroom units and were subsequently divided, creating a 3-bedroom, 1-bathroom unit and a studio unit with bathroom in each case.As a result, the property currently operates with four 3-bedroom, 1-bathroom units and two studio units.With six income-producing units, significant frontage in a premierWestside location, and multiple avenues for future upside, 512Westminster Avenue offers investors the opportunity to acquire a trophyVenice asset with stable in-place income and compelling long-term appreciation potential in one of Southern California's most dynamic coastal communities.
Under contract
Price cut: $330K (7/6)
$2,595,000
512 Westminster Ave, Venice, CA 90291
12beds
6baths
4,338sqft
Multi Family
Built in 1962
-- sqft lot
$2,477,400 Zestimate®
$598/sqft
$-- HOA
What's special
- 92 days
- 176
- 15
Zillow last checked:
Listing updated:
Listed by:
Chase Simonton DRE # 01766871 310-383-5927,
RE/MAX One 818-366-3300
Source: CLAW,MLS#: 26845147
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Wall
Cooling
- None
Interior area
- Total structure area: 4,338
- Total interior livable area: 4,338 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,201 Square Feet
Details
- Additional structures: Shed(s)
- Parcel number: 4239023016
- Zoning: LARD1.5
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1962
Community & HOA
Location
- Region: Venice
Financial & listing details
- Price per square foot: $598/sqft
- Tax assessed value: $410,732
- Date on market: 6/9/2026
Estimated market value
$2,477,400
$2.35M - $2.60M
$5,854/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Contingent | $2,595,000$598/sqft |
Source: | ||
| 7/6/2026 | Price change | $2,595,000-11.3%$598/sqft |
Source: | ||
| 6/9/2026 | Listed for sale | $2,925,000$674/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $418,946 +2% |
| 2025 | $5,484 +2.3% | $410,732 +2% |
| 2024 | $5,363 +1.7% | $402,679 +2% |
| 2023 | $5,271 +4.5% | $394,784 +2% |
| 2022 | $5,043 +1.8% | $387,044 +2% |
| 2021 | $4,955 -0.9% | $379,456 +1% |
| 2020 | $4,998 | $375,566 +2% |
| 2019 | $4,998 +5% | $368,203 +2% |
| 2018 | $4,759 | $360,984 +2% |
| 2017 | $4,759 +2% | $353,907 +2% |
| 2016 | $4,664 +3.4% | $346,969 +1.5% |
| 2015 | $4,512 +0.4% | $341,758 +2% |
| 2014 | $4,492 | $335,064 +2.5% |
| 2012 | -- | $327,012 +2% |
| 2011 | -- | $320,601 +0.8% |
| 2010 | -- | $318,206 -0.2% |
| 2009 | -- | $318,963 +2% |
| 2008 | -- | $312,709 +2% |
| 2007 | -- | $306,578 +2% |
| 2006 | -- | $300,568 |
| 2005 | -- | $300,568 +4% |
| 2004 | -- | $288,898 +1.9% |
| 2003 | -- | $283,604 +2% |
| 2002 | -- | $278,044 +4% |
| 2000 | -- | $267,249 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Venice
Local buyer's agents are ready to help







