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2818 2818 1/2 Abbot Kinney Boulevard

Venice, CA 90291
  • $1,995,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 23229009
UPDATED: 20 min ago
$1,995,000
  • 2
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $1,247
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:
Area:

School Ratings & Info

Listing Agent(s): Julio Ruiz of Global Platinum Properties, Inc. (818-524-0706) and Armin Soleimani of Global Platinum Properties, Inc.(818-524-0706)


Description

Huge 500k Price Reduction! Once in a lifetime 100% Vacant & Updated Triplex 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 15.1 GRM on Existing income once leased up with additional future ADU 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 spaces 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 Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-01-28T21:30:53.253. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Re/Max Top Producers. Licensed in the State of California, USA.
www.listingsinla.com/homes/135737429
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2818 2818 1/2 Abbot Kinney Boulevard Venice, CA 90291

  • Price: $1,995,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 20 min ago
  • ID#: 23229009
2
Beds
3
Baths
0
½ Baths
0.07
Acres
1,600
SQFT
$1,247
$/SQFT
1954
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
Huge 500k Price Reduction! Once in a lifetime 100% Vacant & Updated Triplex 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 15.1 GRM on Existing income once leased up with additional future ADU 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 spaces 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 Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.
Exterior Features

Architectural Style Traditional Attached Garage YN Yes Parking Total 4 Pool Features None Pool Private YN No Sign On Property YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Laminate Furnished Unfurnished Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Special Listing Conditions Standard Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-01-28T21:30:53.253. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Re/Max Top Producers. Licensed in the State of California, USA.
 
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Re/Max Top Producers
618 N Diamond Bar Blvd.
Diamond Bar CA, 91765
Listing Agent(s): Julio Ruiz of Global Platinum Properties, Inc. (818-524-0706) and Armin Soleimani of Global Platinum Properties, Inc.(818-524-0706)