In Escrow

2700 Abbot Kinney Blvd

Venice, CA 90291

MASSIVE PRICE IMPROVEMENT!

Sales Price $4,995,000

Beds

24

Baths

15

Home Size

11180 Sq. Ft.

Lot Size

14073 Sq. Ft.

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MASSIVE PRICE IMPROVEMENT!

13.39 GIM AND 4.75 CAP! INCREDIBLE PRICING FOR ABBOT KINNEY! 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 $2.86/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.

This home located at 2700 Abbot Kinney Blvd is currently pending and has been available on pardeeproperties.com for 449 days. This property is listed at $4,995,000. It has 24 beds and 15 bathrooms. The property was built in 1959. 2700 Abbot Kinney Blvd is in the Venice community of County.

Quick Facts

  • 449 days on market
  • Built in 1959
  • Total parking spaces 15Car
  • Assigned
  • Community | Venice
  • MLS# | 24-424311

Features

  • Wall/Window Cooling
  • Wall Heat
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Listed By Jonathan Taksa · Remax Commercial and Investment Realty

Explore Venice, CA

Perched right on the Pacific Ocean, this tight-knit community is a cultural hub, well known for its eccentricities and its beauty.

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