Active

2700 Abbot Kinney Blvd

Venice CA, 90291

$6,995,000


$625.67 per sqft

Active

24 Beds

15 Baths

11,180 sqft

Multi-family

Built in 1959

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.

24-424311

MLS ID

August 6, 2024

Listed

December 4, 2024

Updated

Map

2700 Abbot Kinney Blvd
Venice CA, 90291

Interior Features

Total Stories

2


Bedrooms

24


Total Bathrooms

15


Appliances

None


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.32 Acres

Other Property Details

Area Name

Venice


Days on Market

120


Garage

No


Parking

Assigned


Parking Total

15


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

12/4/2024

Price change

$6,995,000

-11%

Listed by Jonathan Taksa with Remax Commercial and Investment Realty
Listing Contact: 310-968-5303 

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 James D. Likens | CA DRE# 02115167 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 12/4/2024

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