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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

$27,825

TurboHome Estimated Value

$1,515,000

$449 sqft

High Valuation
$1,590,750
$471/sqft
Normal Valuation
$1,515,000
$449/sqft
Low Valuation
$1,439,250
$426/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$449/sqft$1,515,000

Neighborhood: Venice

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Comparative Value

$1.18M

$1.40M

$1.98M

$2.10M

563 Westminster Ave, Venice, CA 90291

List Price: $1,175,000

Subject Property

3474 Greenwood Ave, Los Angeles, CA 90066

Sale Price: $1,400,000

Selected Comparable

3008 Pacific Ave, Venice, CA 90291

Sale Price: $1,980,000

Selected Comparable

839 Grant St, Santa Monica, CA 90405

Sale Price: $2,095,000

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
3474 Greenwood Ave, Los Angeles, CA 90066

3474 Greenwood Ave, Los Angeles, CA 90066

Sale: $1,400,000

12/23/20241.48 mi

Area:3,133 sqft
Price/sqft:$447
Beds:5
Baths:6
Year Built:
Weight:38.8%
3008 Pacific Ave, Venice, CA 90291

3008 Pacific Ave, Venice, CA 90291

Sale: $1,980,000

12/3/20240.96 mi

Area:3,476 sqft
Price/sqft:$570
Beds:6
Baths:6
Year Built:
Weight:32.5%
839 Grant St, Santa Monica, CA 90405

839 Grant St, Santa Monica, CA 90405

Sale: $2,095,000

10/23/20241.41 mi

Area:3,084 sqft
Price/sqft:$679
Beds:6
Baths:4
Year Built:
Weight:28.7%

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