Venice, CA 90291,1106 Abbot Kinney Blvd
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Venice, CA 90291,1106 Abbot Kinney Blvd
Venice, CA 90291,1106 Abbot Kinney Blvd
Venice, CA 90291,1106 Abbot Kinney Blvd
Venice, CA 90291,1106 Abbot Kinney Blvd

$7,500,000

Est. payment /mo

$10,000,000

25.0%
Est.Price: ?

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1106 Abbot Kinney Blvd Venice, CA 90291

3,054 SqFt

SOLD DATE : 05/08/2024

Key Details

Sold Price $7,500,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 3,054 sqft

Price per Sqft $2,455

MLS Listing ID 24-352389

Sold Date 05/08/24

Year Built 1923

Lot Size 4,050 Sqft

Acres 0.093

Property Description

Trophy Retail Property located in the hippest neighborhood on "The Best Shopping Street in America" per Vogue Magazine. Owner / User or Investment opportunity. First time on market in 50 years, sold "As-Is". Original 1923 single-story, stand-alone building, approx. 3,054 sq. ft., with 2 Retail Units, 1108 and 1108-C. Space for approx. 5 parking spots in rear. Lot size shows 4,050 sq. ft. per Assessor and Title Co. Building includes a partial mezzanine. 1108 has 1 full restroom in rear, 1108-C has 1 full restroom upstairs and a half bath downstairs. Building has 2.5 bathrooms total. Bazar, a 25-year Tenant, has a lease which terminates on 05/31/24 and currently pays under market at $14k a mo. The Pleasing, currently in 1108 is a Harry Styles owned Company and a "Pop-Up" store, with a lease terminating 02/29/24, paying $38k per mo. Property to be delivered vacant at COE. Immediate Retail neighbors include Rag & Bone, Away, Lulu Lemon, Vuori, Doc Martens, Le Labo Fragrances, an Estee Lauder Co., Blue Star Coffee, The Butchers Daughter, etc. This is an opportunity to own a piece of cultural history in a highly desirable, iconic, upscale area, with a very high walk score, near the ocean, seeped in a rich, bohemian tradition of art, music, creativity, shopping and dining. Carpe diem!

Location

State CA

County Los Angeles

Area Venice

Zoning LAC2

Interior

Heating Wall, Wall Gas

Laundry None

Exterior

Garage Spaces 5.0

Roof Type Rolled/Hot Mop, Flat

Building

Story 5

Structure Type Stucco, Wood Siding

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Coldwell Banker Realty
Bought with Non-Participant Office

GUIDE SoCal

Broker | License ID: DRE#01976964

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