2818 Abbot Kinney Blvd

Venice, CA 90291

Huge 145k Price Reduction!

Sales Price $1,550,000

Beds

3

Baths

3

Home Size

1600 Sq. Ft.

Lot Size

3003 Sq. Ft.

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Huge 145k Price Reduction!

One of the best values in Venice has arrived. Welcome to this dreamy, completely renovated duplex that is charming and offers immense opportunities on Abbot Kinney in the heart of Venice Beach! This modern and reimagined income property is ready for both owner-users and investors with two renovated vacant units. This is the perfect property to lease and park your cash in this one-of-a-kind investment, with a projected 4.4% Cap Rate and 15.7 GRM once leased. Endless ways to utilize this property; the moment you receive the keys rent both units at market rates, or perfect for an owner user who wants a pied a-terre, expand and develop, or live in one and rent the other for passive income!! This quintessential property could not be in a better location. With some of Los Angeles' best restaurants, coffee shops, and boutiques at your doorstep, you are a quick stroll to the beach and the Venice Canals!

About This Home: As you enter the charming gate, you are welcomed by a private, serene aesthetic surrounded by lush landscaping that creates an ultra-private oasis. Consisting of two (2) units, you will be wowed at how much space is offered and how functional the floorplans are in each unit. The front 1 Bdrm/1 Bath unit is perfectly designed, with tranquil views of the front yard, and is infused with natural light. Every space has been thought of and is relaxing and cozy. The back 2 Bdrm/2 Bath unit is very warm and inviting, with a sunny living area, and flows into a dining room and kitchen. Your primary retreat has a nice-sized closet space with an ensuite bathroom, and the second bedroom is fabulous as a home office or guest space. An attached nicely sized garage, with more parking in the exterior drive. This additional space allows you to expand the living space while keeping parking intact. Utilize this space for parking and storage, or make this a den/hangout area, media room, game room, home gym, or creative haven!

We Love: All the upside potential here! Ready for your investment portfolio now or have yourself a great income-producing property in one of the best locations on the Westside.

The Neighborhood: With some of Los Angeles's best restaurants, coffee shops, and shopping at your doorstep, everything you could want or need is here. Ride your bike to the beach, or stroll to the Venice Canals. This is SoCal living at its finest. This rare gem will not last long! Perfect Live/Work/Rent/Development/Airbnb Opportunity on the world-famous Abbot Kinney Blvd in the heart of Venice on a C2 zoned lot, which may also be used for short-term rentals/office/retail. There are preliminary plans for a potential attached ADU in the garage for future upside -- available upon request!

This home located at 2818 Abbot Kinney Blvd is currently active and has been available on pardeeproperties.com for 44 days. This property is listed at $1,550,000. It has 3 beds and 3 bathrooms. The property was built in 1954. 2818 Abbot Kinney Blvd is in the Venice community of Los Angeles County.

Highlights

  • 44 days on market
  • Built in 1954
  • Total parking spaces 4Car
  • Subterr Tandem, Garage - 2 Car, Private, Private Garage, Driveway
  • Community | Venice
  • MLS# | 24-344391

Features

  • None Cooling
  • Wall Electric Heat
  • Hardwood Floors
Listed By
Samantha Kinnon

Samantha Kinnon

Vice President of Operations  |  DRE #01858397

Listed By Pardee Properties

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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