tomo logo

$2,950,000

Beds
6
Baths
3.5
sq ft
Unknown

524 Westminster Ave, Venice, CA 90291

524 Westminster Ave

Venice, CA 90291

  • 22 days on market
Discover a chic and cheerful duplex property in the heart of Venice, perfectly positioned just off the vibrant Abbot Kinney Blvd. This unique offering features two separate homes, each with 3 bedrooms and 2 bathrooms. Both homes have been immaculately maintained and recently remodeled with stylish design elements, including gourmet kitchens featuring Wolf appliances, to appeal to the most discerning clients. Step into a lush oasis where beautifully landscaped gardens, serene courtyards, and charming walkways create a private retreat. With ample storage and off-street parking for four cars, convenience is at your fingertips. This versatile property can be delivered fully vacant, offering multiple uses for the savvy buyer. Whether you're an owner-user looking to live in one home while renting the other, or an investor seeking a prime opportunity, this property caters to your needs. Embrace the potential and make this special Venice duplex your own.

Details

Property type

Single Family Residence

Est. home value

$2,535,922

Lot size

5,200 sq ft

Price per sq ft

Unknown

Year built

1954

HOA

No

Price History

03/12/2025
CLAW

CLAW #25510521

Listed
$2,950,000
+36.57%
07/02/2021
CLAW

CLAW #21729420

Sold
$2,160,000
+5.88%
02/03/2020
CLAW

CLAW #19515942

Sold
$2,040,000

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,227,448
Asking price
$2,950,000
Closing costs (~8% of asking)
-$236,000
Est. remaining loan balance
-$1,486,552
Cash to seller
$1,227,448

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

June 2021

Original loan amount

$1,620,000

Est. remaining balance

$1,486,552

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Wayne R Cohen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 8:00 PM

Listing updated: 03/12/2025 at 7:46 PM

Listed by: Anne Burkin, Compass Phone #: (818) 462-5799

MLS: CLAW #25510521

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