Venice, CA 90291,2818 Abbot Kinney Blvd

$1,457,500

Est. payment /mo

$1,495,000

2.5%
Est.Price: ?

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2818 Abbot Kinney Blvd Venice, CA 90291

3 Beds

3 Baths

1,600 SqFt

SOLD DATE : 07/12/2024

Key Details

Sold Price $1,457,500

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $910

MLS Listing ID 24-382897

Sold Date 07/12/24

Style California Bungalow

Bedrooms 3

Year Built 1954

Lot Size 3,003 Sqft

Acres 0.0689

Property Description

Huge 200k Price Reduction! One of the best values in Venice has arrived. Welcome to this dreamy, completely renovated duplex that is charming and offers immense opportunities on Abbot Kinney in the heart of Venice Beach! This modern and reimagined income property is ready for both owner-users and investors with two renovated vacant units. This is the perfect property to lease and park your cash in this one-of-a-kind investment, with a projected 4.6% Cap Rate and 15.2 GRM once leased. Endless ways to utilize this property; the moment you receive the keys rent both units at market rates, or perfect for an owner user who wants a pied a-terre, expand and develop, or live in one and rent the other for passive income!! This quintessential property could not be in a better location. With some of Los Angeles' best restaurants, coffee shops, and boutiques at your doorstep, you are a quick stroll to the beach and the Venice Canals! // About This Home: As you enter the charming gate, you are welcomed by a private, serene aesthetic surrounded by lush landscaping that creates an ultra-private oasis. Consisting of two (2) units, you will be wowed at how much space is offered and how functional the floorplans are in each unit. The front 1 Bdrm/1 Bath unit is perfectly designed, with tranquil views of the front yard, and is infused with natural light. Every space has been thought of and is relaxing and cozy. The back 2 Bdrm/2 Bath unit is very warm and inviting, with a sunny living area, and flows into a dining room and kitchen. Your primary retreat has a nice-sized closet space with an ensuite bathroom, and the second bedroom is fabulous as a home office or guest space. An attached nicely sized garage, with more parking in the exterior drive. This additional space allows you to expand the living space while keeping parking intact. Utilize this space for parking and storage, or make this a den/hangout area, media room, game room, home gym, or creative haven! // We Love: All the upside potential here! Ready for your investment portfolio now or have yourself a great income-producing property in one of the best locations on the Westside. // The Neighborhood: With some of Los Angeles's best restaurants, coffee shops, and shopping at your doorstep, everything you could want or need is here. Ride your bike to the beach, or stroll to the Venice Canals. This is SoCal living at its finest. This rare gem will not last long! Perfect Live/Work/Rent/Development/Airbnb Opportunity on the world-famous Abbot Kinney Blvd in the heart of Venice on a C2 zoned lot, which may also be used for short-term rentals/office/retail. There are preliminary plans for a potential attached ADU in the garage for future upside -- available upon request!

Location

State CA

County Los Angeles

Area Venice

Zoning LAC2

Rooms

Other Rooms None

Dining Room 0

Interior

Interior Features Recessed Lighting

Heating Wall Electric

Cooling None

Flooring Hardwood

Fireplaces Type None

Equipment Range/Oven, Refrigerator, Garbage Disposal, Dishwasher

Exterior

Garage Subterr Tandem, Garage - 2 Car, Private, Private Garage, Driveway

Garage Spaces 4.0

Pool None

Building

Lot Description Alley Paved, Front Yard

Story 1

Sewer In Street

Architectural Style California Bungalow

Level or Stories One

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Pardee Properties
Bought with Beach City Brokers

GUIDE SoCal

Broker | License ID: DRE#01976964

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