2818 1/2 Abbot Kinney Boulevard

Venice, CA 90291

$1,550,000
Price
3
Beds
3
Baths
1,600 Sq. Ft.
$969 / Sq. Ft.
1,600
Sq. Ft.
$969
per Sq. Ft.

Description

Huge 145k 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 4.4% Cap Rate and 15.7 GRM once leased. Endless ways...Huge 145k 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 4.4% Cap Rate and 15.7 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!
  1. Listed by Samantha Kinnon • DRE #01858397 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 2818 1/2 Abbot Kinney Boulevard

Zoning
LAC2
Style
California Bungalow
Parcel Number
4237025035
Total Units
2.0
Living Area
1600
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Lot Size Area
3003

Location

Listing Courtesy of Pardee Properties, Samantha Kinnon, DRE #01858397; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451
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LISTING UPDATED: 05/02/2024 12:01 AM

Property Details for 2818 1/2 Abbot Kinney Boulevard

StatusActive
MLS #24-382921
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1954
Lot Size0.07 AC / 3,003 SF
CountyLos Angeles County

Location

Listing Courtesy of Pardee Properties, Samantha Kinnon, DRE #01858397; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451
Add your commute

Building Information for 2818 1/2 Abbot Kinney Boulevard

Stories1Year Built1954Building Size-Lot Size0.07 AC / 3,003 SF

Payment Calculator

$8,459 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2818 1/2 Abbot Kinney Boulevard

Community / Development
Community / Development
  • HOA: No
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Attached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • View: No
  • View Description: None
  • View: None
  • Guest House: Attached
  • Security Features: Owned, Prewired for alarm system, Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: West
  • Property Condition: Updated/Remodeled
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Lease Considered: No
  • Available For Lease: No
  • Lease Option: false
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is, Coastal Commission Restrictions, Listing Broker Advantage, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Purchase: No
  • Horse: No
  • Special Zoning: Coastal Commission
  • Additional Parcel Number: No
  • Lot Acreage: 0.0689
  • Lot Size Square Feet: 3003
  • Lot Features: Front Yard
  • Lot Description: Alley Paved, Front Yard
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Subterr Tandem, Garage - 2 Car, Private, Private Garage, Driveway
  • Total Parking: 4
  • Covered Parking: 2
  • Open Other Spaces Total: 2
  • Parking Features: Garage - Two Door, Private, Driveway
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Patio Open, Dining Area
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Furnished: Unfurnished
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Electric
  • Flooring: Hardwood
  • Equipment: Range/Oven, Refrigerator, Garbage Disposal, Dishwasher
  • Interior Features: Recessed Lighting
  • Room Bathroom Features: Tile Counters
  • Bathroom Features: Tile, Shower Over Tub
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
  • Laundry: None
  • Eating Areas: Breakfast Area, Dining Area, In Kitchen
  • Eating Area: Dining Room, In Kitchen
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Fence: Wood
  • Patio Features: Patio Open, Porch - Front
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-24-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional

Property History for 2818 1/2 Abbot Kinney Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2818 1/2 Abbot Kinney Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2818 1/2 Abbot Kinney Boulevard is a single family home for sale in Venice, CA 90291. This property was listed for sale on April 24, 2024 by Pardee Properties, it's currently listed at $1,550,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 2818 1/2 Abbot Kinney Boulevard is a 3-bed, 3-bath, 1,600 sqft single family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Samantha Kinnon, DRE #01858397; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.