Venice, CA 90291 2700 Abbot Kinney Boulevard
$7,850,000
11 more
Presented By: Jonathan Taksa with Remax Commercial and Investment Realty;
Home Details
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.
Presented By: Jonathan Taksa with Remax Commercial and Investment Realty;
Interior Features for 2700 Abbot Kinney Boulevard
Bedrooms
Total Bedrooms24
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths15
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 2700 Abbot Kinney Boulevard
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityVenice
CoolingWallWindowUnits
CountyLos Angeles
Days on Market8
DirectionsPrestigious area of Venice
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income376586.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet14073.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income209351.0
New ConstructionNo
NumberOfUnitsTotal15
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
View Y/NNo
Waterfront Y/NNo
Year Built1959
ZoningLAR3
Exterior for 2700 Abbot Kinney Boulevard
Building Area Total11180.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3231
Lot Size Area14073.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking15.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480