Check Availability
$2,500,000
↓ $620K (19.9%)
Multifamily - For Sale

580 Venice Blvd

Venice, CA 90291
bedrooms
Studio
bathrooms
0 Bath
square feet
1914 Sqft
$2,500,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
CA-Los Angeles
Primary Model

About This Property

HUGE PRICE REDUCTION! Once in a generation opportunity to purchase one to three buildings on contiguous parcels in the prime, highly visible intersection of Venice Blvd. and Abbot Kinney Blvd. The gateway to Venice Beach, Abbot Kinney dining and Marina Del Rey. Zoned LAC2 creating great options for developers/investors. This corner building is a duplex with a store in the back.  Both tenants are on month to month. One tenant occupies both of the two 2+1 units, and one tenant has the one room store, with a bathroom, in the back. The adjacent buildings are the 1702 Abbot Kinney Blvd. on about 3,000 sf lot, APN 4228-001-005, MLS# 23-234541 and 1706 Abbot Kinney Blvd. on about 3,001 sf lot, APN 4228-001-006, MLS#23-234553. Both are offered at $1,875,000 EACH. ALL 3 LOTS ARE AVAILABLE FOR A TOTAL OF $6,250,000 BASED ON LAND VALUE OF APPROXIMATLEY $625 PER SQ.FT.  DO NOT DISTURBE TENANTS AND/OR WALK ON ANY OF THOSE PROPERTIES. SOLD IN STRICTLY 'AS IS' CONDITION. SELLER SELECTS SERVICES.

The manager has listed the unit size as 1914 square feet.
Unit Size
1,914Ft²
Days on Market
459 days
Land Size
0.09 acres
Price per sqft
$1,306
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1954
Listed By
Ron Wolotzky
Rodeo Realty - Beverly Hills
Last updated: 6 months ago (CLAWCA #234251)

Price History

Date / Event Date Event Price
Aug 5, 2023 Price Decreased $2,500,000
↓ $620K (19.9%)
Price Decreased
Apr 4, 2023 Price Decreased $3,120,000
↓ $592K (15.9%)
Price Decreased
Feb 24, 2023 Price Decreased $3,711,650
↓ $238K (6%)
Price Decreased
Jan 24, 2023 Listed by Rodeo Realty $3,950,000
Listed by Rodeo Realty

Property Highlights

Parking Available
Parking Details
Covered

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
-
-
$3,750,000 Nov 18, 2022
-
-
House
4 Beds
2 Baths
1,710 ft²
$2,325/ft²
$3,975,000 Sep 23, 2022
-
-
House
4 Beds
4.5 Baths
3,965 ft²
$958/ft²
$3,800,000 Jun 24, 2022
-
-
Multifamily
Stu
-
-
$3,595,000 Nov 2, 2022
-
-
House
3 Beds
2 Baths
1,580 ft²
$2,348/ft²
$3,710,000 Nov 30, 2022
-
-
Multifamily
9 Beds
-
-
$4,395,000 Dec 21, 2022
-
-
Multifamily
8 Beds
-
-
$3,650,000 Sep 17, 2022
-
-
House
5 Beds
4.5 Baths
3,100 ft²
$1,065/ft²
$3,299,999 Oct 21, 2022
-
-
Multifamily
Stu
-
-
$3,250,000 Jan 13, 2023
-
-
Multifamily
14 Beds
-
-
$3,295,000 Oct 27, 2022
-
-
In Contract
House
3 Beds
2.5 Baths
1,803 ft²
$1,772/ft²
$3,195,000 Sep 7, 2022
-
-
Commercial
Loft
-
-
$3,500,000 Jul 7, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210513
05/13/2021
Studio
-
-
$6,000,000
bedrooms
Studio
bathrooms
-
-
-
-
Ron Wolotzky
Rodeo Realty - Beverly Hills

Building Info

580 Venice Boulevard 580 Venice Boulevard, Venice, CA 90291
  • 1 Unit for Sale
More about this Building
580 Venice Boulevard
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About West Los Angeles


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