Huge price reduction and NOW PRICED TO SELL! We are pleased to offer for sale an incredible multifamily asset at 2700 Abbot Kinney Blvd. in the heart of LA’s famed beach city of Venice. Originally built in 1959, the building boasts an incredibly rare unit mix consisting of 1 and 2 bedroom units. Each of these units are spacious and have a terrific floor plan. The property is situated on a large corner lot; thus, all units offer an abundance of natural light. There is HUGE rental upside, as current rents hover around $2.97/SF. Additionally, there is parking for all units as well as an on-site laundry facility. All units look out to a serene and beautifully landscaped courtyard, and residents enjoy being walking distance to the Venice Boardwalk and the beach. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. A walker’s paradise, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Property Details
Price:
$5,650,000
MLS #:
24424311
Status:
Active
Baths:
0
Address:
2700 Abbot Kinney Boulevard
Type:
Residential Income
Neighborhood:
c11venice
City:
Venice
Listed Date:
Aug 6, 2024
State:
CA
ZIP:
90291
Lot Size:
14,073 sqft / 0.32 acres (approx)
Year Built:
1959
See this Listing
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
15.00
Stories Total
2
Financial
Map
Community
- Address2700 Abbot Kinney Boulevard Venice CA
- AreaC11 – Venice
- CityVenice
- CountyLos Angeles
- Zip Code90291
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2700 Abbot Kinney Boulevard
Venice, CA
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