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2818-1/2 Abbot Kinney Blvd

Venice, CA 90291
  • $1,635,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 23-302447
Price Reduced
UPDATED: 10 min ago
$1,635,000
  • 3
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $1,022
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:
Area:

School Ratings & Info

School District:

Description

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 4.1% Cap Rate 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!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-09-22T16:43:36.783. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/142660042
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2818-1/2 Abbot Kinney Blvd Venice, CA 90291

  • Price: $1,635,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 10 min ago
  • MLS #: 23-302447
3
Beds
3
Baths
0
½ Baths
0.07
Acres
1,600
SQFT
$1,022
$/SQFT
1954
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
School District:
Los Angeles Unified
Property Description
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 4.1% Cap Rate 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!
Exterior Features

Building Type Attached Covered Parking 2 Direction Faces West Entry Location Ground Level W/Steps Fence Wood Guest House Attached Levels One Lot Description Alley PavedFront Yard Lot Location Alley Access Lot Size Area 3003 Other Structures None Parking Garage Subterr TandemGarage - 2 CarPrivatePrivate GarageDriveway Patio Features Patio OpenPorch - Front Pool Description None Pool YN No Spa None Spa YN No Style California Bungalow Total Parking 4 View Description None View YN No

Interior Features

Baths Total 3.00 Bedroom Features All Bedrooms Down Common Walls Attached Cooling None Den No Dining Room No Eating Areas Breakfast AreaDining AreaIn Kitchen Equipment Range/OvenRefrigeratorGarbage DisposalDishwasher Family Room No Fireplace Rooms None Flooring Hardwood Furnished Unfurnished Heating Wall Electric Laundry None One Quarter Baths 0 Rooms Living RoomPatio OpenDining Area

Property Features

Disclosures As IsCoastal Commission RestrictionsListing Broker AdvantageOther Hoa Yn No Number Of Units 2 Property Sub Type Single Family Residence Sale Type Standard Security Features OwnedPrewired For Alarm System Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Kerry Ann Sullivan DRE#01927932 of Pardee Properties: 310-907-6517.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-09-22T16:43:36.783. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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