Open House: Sun, May 19th 1:00 PM - 4:00 PM PDT

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!

24-382897

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


Interior Features

Recessed Lighting


Appliances

Range/Oven, Refrigerator, Garbage Disposal, Dishwasher


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


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

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