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$ 6,995,000
Est. payment /mo
Price Dropped by $855K
2700 Abbot Kinney BLVD Venice, CA 90291
24 Beds
15 Baths
11,180 SqFt
UPDATED:
12/04/2024 10:42 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,180 sqft
Price per Sqft $625
MLS Listing ID 24424311
Bedrooms 24
HOA Y/N No
Year Built 1959
Lot Size 0.323 Acres
Property Description
Huge price reduction! 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 $2.93/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.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 15
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4237021005
Special Listing Condition Standard
Listed by Jonathan Taksa • Remax Commercial and Investment Realty