Huge price reduction! 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 $2.93/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:
$6,995,000
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
Mortgage Calculator
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
Similar Listings Nearby
- 11666 Mayfield Avenue
Los Angeles, CA$7,800,000
4.39 miles away
- 10965 Rochester Avenue
Los Angeles, CA$6,995,000
4.67 miles away
- 11975 Mayfield Avenue
Los Angeles, CA$6,950,000
4.17 miles away
- 1603 Shell Avenue
Venice, CA$6,940,000
0.51 miles away
- 3000 Grand Canal
Venice, CA$6,695,000
0.85 miles away
- 301 Ashland Avenue
Santa Monica, CA$6,695,000
1.67 miles away
- 11927 Gorham Avenue
Los Angeles, CA$6,600,000
4.41 miles away
- 2711 Pico Boulevard
Santa Monica, CA$6,550,000
2.49 miles away
- 5506 THORNBURN Street
Los Angeles, CA$6,499,000
4.60 miles away
Courtesy of Remax Commercial and Investment Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2700 Abbot Kinney Boulevard
Venice, CA
LIGHTBOX-IMAGES