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2818-2818 1/2 Abbot Kinney Blvd

Venice, CA 90291
  • $1,895,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 23-229009
Price Reduced
UPDATED: 81 min ago
$1,895,000
  • 2
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $1,184
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:
Area:

School Ratings & Info

Description

Huge 600k 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 14.4 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 the Combined LA/Westside Multiple Listing Service as of 2023-02-06T14:43:10.187. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.kaufman-propertiesla.com/homes/135732560
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2818-2818 1/2 Abbot Kinney Blvd Venice, CA 90291

  • Price: $1,895,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 81 min ago
  • ID#: 23-229009
2
Beds
3
Baths
0
½ Baths
0.07
Acres
1,600
SQFT
$1,184
$/SQFT
1954
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
Property Description
Huge 600k 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 14.4 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

Building Type Attached Lot Size Area 3003 Other Structures Accessory Bldgs Parking Garage Attached Pool Description None Pool YN No Spa None Spa YN No Style Traditional Total Parking 4 View Description None View YN No

Interior Features

Baths Total 3.00 Common Walls Attached Cooling None Den Yes Dining Room No Equipment Refrigerator Family Room No Fireplace Rooms None Flooring Laminate Furnished Unfurnished Heating Wall Laundry None One Quarter Baths 0 Rooms Den

Property Features

Hoa Yn No Planned Urban Development No Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Julio Ruiz DRE#01911261 of Global Platinum Properties, Inc.: 818-524-0706.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-02-06T14:43:10.187. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Michael Kaufman Real Estate
5800 Hannum Avenue, Suite E
Culver City CA, 90230