2818 ABBOT KINNEY Boulevard, Venice (90291)
$1,795,000
2 
0
1,600
PROPERTY DETAILS
| Address: |
view address Venice, CA 90291 Map Location |
Bedrooms: | 2 |
|---|---|---|---|
| Square Feet: | 1,600 sq.ft. | Lot Size: | 0.07 acres |
| Year Built: | 1954 | Property Type: | Multi Family |
| County: | Los Angeles | List Date: | 2023-03-21 |
| Listing Number: | 23253061 | Listed By: | Global Platinum Properties, Inc. |
| Days on market: | 68 |
PROPERTY DESCRIPTION
Huge 700k Price Reduction! Once in a lifetime 100% Vacant & UpdatedTriplex 3 Units cash flowing at a current 5% Cap Rate with preliminary plans for an additional 4th ADU unit on the World-Famous Abbot Kinney Blvd. Perfect Live/Work/Rent/ Development/Airbnb Opportunity in the heart of Venice Beach which may be used as a Single Family House/Office/Retail as well since it's one structure. Incredible Returns at a 5% Cap Rate and 14.5 GRM on Existing income once leased up with additional future upside. Large 3,000 SF Lot C2-1 zoned Lot that may allow flexibility of commercial, retail, office, and residential uses. Perfect owner-user opportunity as well as a short-term vacation rental (Airbnb & Vrbo)potential to maximize income. Large Updated Double Car Garage in the back which may be used as Office/Gym with the potential to convert into 1 attached ADU unit plus additional open surface parking space accessible from the rear alley. The property is a minutes bike ride to the beach, just steps away from all the fine Shopping & Dining on AbbotKinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.
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Community information and market data Powered by Onboard Informatics. Copyright ©2023 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2023 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2023 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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