Active
2818 Abbot Kinney Blvd
Venice CA, 90291
$1,550,000
$968.75 per sqft
Active
3 Beds
3 Baths
1,600 sqft
Residential
Built in 1954
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!
24-382921
MLSⓇ ID
April 24, 2024
Listed
May 17, 2024
Updated
Map
2818 Abbot Kinney Blvd
Venice CA, 90291
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
3
Interior Features
Recessed Lighting
Appliances
Range/Oven, Refrigerator, Garbage Disposal, Dishwasher
Laundry Description
None
Floor Description
Hardwood
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Electric
Exterior/Building Features
Lot Size
0.07 Acres
Lot Features
Alley Paved, Front Yard
Architectual Style
California Bungalow
Sewer
In Street
School Information
School District
Los Angeles Unified
Other Property Details
Area Name
Venice
Days on Market
22
Garage
Yes
Parking
Subterr Tandem, Garage - 2 Car, Private, Private Garage, Driveway
Parking Total
4
View
No
View Description
None
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAC2
Open House Schedule
Sun, May 19th
1:00 PM - 4:00 PM PDT
Listed by Samantha Kinnon with Pardee Properties
Listing Contact: 310-650-6781
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Noha Salah shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/17/2024