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Map
$1,395,000 - $1,705,000
●
House -
Off Market
2818 Abbot Kinney Blvd
Venice, CA 90291
3 Beds
3 Baths
1600 Sqft
About This Property
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!
The manager has listed the unit size as 1600 square feet.
The manager has listed the unit size as 1600 square feet.
Unit Size
1,600Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$969
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 25, 2024 | No longer available | - | |
No longer available | |||
Apr 24, 2024 | Listed | $1,550,000 | |
Listed | |||
|
|||
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…
|
|||
Feb 15, 2024 | Price Decreased |
$1,550,000
↓ $45K
(2.8%)
|
|
Price Decreased | |||
Jan 8, 2024 | Listed | $1,595,000 | |
Listed | |||
|
|||
Huge 100k 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 4.25% Cap
Rate once leased. Endless ways to…
|
|||
Jan 7, 2024 | No longer available | - | |
No longer available |
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
2
Beds
2.5
Baths
1,459 ft²
$925/ft²
$1,349,000
Mar 18, 2024
-
$1,212/mo
Active
Condo
2
Beds
2.5
Baths
2,652 ft²
$660/ft²
$1,749,500
Nov 2, 2023
-
$2,470/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/15/2023
|
|
Loft
|
-
|
1600 ft²
|
$1,695,000
Loft
-
1600 ft²
|
-
-
|
-
|
Kerry Ann Sullivan
Pardee Properties
|
Building Info
2818 Abbot Kinney Boulevard
2818 Abbot Kinney Boulevard, Venice, CA 90291
- 1 Unit for Sale