2700 Abbot Kinney Boulevard, Venice, CA 90291

• 24 beds |
• 15 baths |
• 11,180 sqft

Property Description

MASSIVE PRICE IMPROVEMENT! 13.39 GIM AND 4.75 CAP! INCREDIBLE PRICING FOR ABBOT KINNEY! 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 $2.86/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.

Listing Status:

Pending

Date Added:

August 6, 2024 at 05:00AM

Listing Office:

Remax Commercial and Investment Realty : 213-817-1000

Listing Agent:

Jonathan Taksa : 424-672-8220

MLS ID:

24424311

Interior

• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: AssignedParking spaces: 15

Construction

• General: 1

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LAR34237021005

Financial

• Source: CRMLS_CL

This listing courtesy of Jonathan Taksa, Remax Commercial and Investment Realty