Venice, CA 90291 2818 Abbot Kinney Boulevard

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Presented By: Samantha Kinnon with Pardee Properties;
  • MLS# 24382897
  • 04/24/2024
  • Request Tour
  • Request Info
  • BedBeds • 3
  • BathBaths • 3
  • FootageSQFT • 1,600
  • GarageGarage • 1

Home Details

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!
Presented By: Samantha Kinnon with Pardee Properties;

Interior Features for 2818 Abbot Kinney Boulevard

Bedrooms

Total Bedrooms3

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths3

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringWood
Heating Y/NNo
Street SuffixBoulevard
Total Stories1

General for 2818 Abbot Kinney Boulevard

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator
Attached Garage No
Buyer FinancingCash, Conventional
Cap Rate4.4
Carport Y/NNo
CityVenice
CoolingNone
CountyLos Angeles
Days on Market8
DirectionsNorth of Washington Blvd, South of Venice Blvd, West of Lincoln - on Abbot Kinney!
DisclosuresCoastalCommissionRestrictions, CoastalZone, ListingBrokerAdvantage
Entry LocationGround Level w/steps
Facing DirectionWest
Garage Y/NNo
Gross Income95332.0
HOA / Comm AssnNo
High School DistrictLos Angeles Unified
Home Warranty Y/NNo
Interior FeaturesRecessedLighting
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet3003.0
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income68261.0
New ConstructionNo
Open Parking Spaces2.0
Patio/Porch FeaturesFrontPorch, Open, Patio
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameAbbot Kinney
Total Units2
View Y/NNo
Waterfront Y/NNo
Year Built1954
ZoningLAC2

Exterior for 2818 Abbot Kinney Boulevard

Building Area Total1600.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard
Lot Size Acres0.0689
Lot Size Area3003.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDoorMulti, Driveway, Garage, Private
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,550,000
MLS#24382897
List Date 04/24/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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