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2700 Abbot Kinney Boulevard, Venice, CA 90291
Priced at Only: $6,995,000
For more Information Call Mobile: 714.478.6676
Address: 2700 Abbot Kinney Boulevard, Venice, CA 90291
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  • MLS#: 24424311 ( )
  • Street Address: 2700 Abbot Kinney Boulevard
  • Viewed: 15
  • Price: $6,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 141
  • Additional Information
  • County: LOS ANGELES
  • City: Venice
  • Zipcode: 90291
  • Provided by: Remax Commercial and Investment Realty
  • Contact: Jonathan Jonathan
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Huge price reduction! 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 $2.93/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.
Features
Building Area Total
  1. 11180.00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. One
Netoperatingincome
  1. 221041.00
Parcel Number
  1. 4237021005
Parking Features
  1. Assigned
Sourcesystemkey
  1. 24-424311:CLAW
Totalexpenses
  1. 148784.00
Views
  1. 15
Year Built
  1. 1959
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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