Huge price reduction and NOW PRICED TO SELL! 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 $2.97/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.
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Listing Snapshot
Price
$5,650,000
Days On Site
349 Days
Bedrooms
24
Inside Area (SqFt)
11,180 sqft
Total Baths
15
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3231 Acres
Year Built
1959
MLS® Number
24424311
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
6 months ago
Price changed to $5,650,000
11 months ago
Listing first seen on site
General Features
Acres
0.3231
Number Of Stories
2
Parking
Assigned
Parking Spaces
15
Special Circumstances
Standard
SqFt Total
11180
Stories
One
Zoning
LAR3
Interior Features
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace
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Community Features
MLS Area
C11 - Venice
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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