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563 Westminster Ave, Venice, CA 90291

List Price: $1,175,000On Market FlagOn market
Jul 30, 20253,376 sqft5 beds5 baths
Listed by: Narinderpaul Badhan
License #: 02102909
Phone #: 323-387-2803
Westgate Property Group Inc.
Source:
CRMLS Logo
MLS #: 25571827

Property Description

A rare and exciting opportunity to own a 50% Tenant-In-Common (TIC) interest in a charming Venice triplex, located just blocks from Abbot Kinney, the beach, and the iconic canals. This offering includes exclusive use of a spacious 1400 SQFT 2-bedroom, 2-bath unit (#3), full of Venice charm with hardwood floors, an updated kitchen, fireplace and abundant natural light. In addition, the buyer will receive 50% ownership interest in the detached front bungalow, creating potential for shared income, flexible use, or future value. Each unit enjoys a private garage with storage plus one additional assigned parking space in a secured lot, a rare luxury in Venice. With no HOA dues, this is an ideal alternative to a condo, offering the benefits of ownership at a more accessible price point in one of LA's most vibrant neighborhoods. This is a TIC sale for a 50% undivided interest in the entire property, with exclusive rights to one unit and shared ownership in the front bungalow.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$43,863

TurboHome Estimated Value

$2,049,600

$607 sqft

High Valuation
$2,152,080
$637/sqft
Normal Valuation
$2,049,600
$607/sqft
Low Valuation
$1,947,120
$577/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$607/sqft$2,049,600

Neighborhood: Venice

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Comparative Value

$1.18M

$2.19M

$2.60M

$2.68M

$2.70M

563 Westminster Ave, Venice, CA 90291

List Price: $1,175,000

Subject Property

236 5th Ave, Venice, CA 90291

Sale Price: $2,185,000

Selected Comparable

205 5th Ave, Venice, CA 90291

Sale Price: $2,217,000

Selected Comparable

659 Broadway St, Venice, CA 90291

Sale Price: $2,600,000

Selected Comparable

1147 Harrison Ave, Venice, CA 90291

Sale Price: $2,680,000

Selected Comparable

828 California Ave, Venice, CA 90291

Sale Price: $2,700,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
563 Westminster Ave, Venice, CA 90291

563 Westminster Ave, Venice, CA 90291

List: $1,175,000

Listed: 7/30/2025

Area:3,376 sqft
Price/sqft:$348
Beds:5
Baths:5
Year Built:
Lot Size:5,206

Comparable Properties

COMPARABLE
Choose comps
828 California Ave, Venice, CA 90291

828 California Ave, Venice, CA 90291

Sale: $2,700,000

6/10/20250.35 mi

Area:3,295 sqft
Price/sqft:$819
Beds:4
Baths:6
Year Built:
Weight:21.0%
236 5th Ave, Venice, CA 90291

236 5th Ave, Venice, CA 90291

Sale: $2,185,000

7/3/20250.50 mi

Area:3,204 sqft
Price/sqft:$682
Beds:4
Baths:4
Year Built:
Weight:20.5%
205 5th Ave, Venice, CA 90291

205 5th Ave, Venice, CA 90291

Sale: $2,217,000

1/13/20250.57 mi

Area:2,743 sqft
Price/sqft:$808
Beds:5
Baths:4
Year Built:
Weight:20.1%
659 Broadway St, Venice, CA 90291

659 Broadway St, Venice, CA 90291

Sale: $2,600,000

2/25/20250.16 mi

Area:3,200 sqft
Price/sqft:$813
Beds:4
Baths:4
Year Built:
Weight:19.5%
1147 Harrison Ave, Venice, CA 90291

1147 Harrison Ave, Venice, CA 90291

Sale: $2,680,000

4/11/20251.13 mi

Area:3,400 sqft
Price/sqft:$788
Beds:4
Baths:4
Year Built:
Weight:18.8%

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