2818 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 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)
Vacancy Rate
100

Location

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

Property Details for 2818 Abbot Kinney Boulevard

StatusActive
MLS #24-382897
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
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 Abbot Kinney Boulevard

Stories1Residences-Year Built1954Building Size-Lot Size0.07 AC / 3,003 SF

Payment Calculator

$9,710 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$1,251

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2818 Abbot Kinney Boulevard

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Security Features: Owned, Prewired for alarm system
  • Direction Faces: West
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is, Listing Broker Advantage, Coastal Commission Restrictions, Coastal Zone
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $98,280
  • Net Operating Income: $68,261.00
  • Gross Income: $95,332
  • Cap Rate: 4.40%
  • Gross Rent Multiplier: $15.77
  • Owner Pays: Other
  • Total Annual Expense: 27071
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.0689
  • Lot Size Square Feet: 3003
  • Lot Features: Front Yard
  • Lot Description: Alley Paved, Front Yard
  • Lot Location: Alley Access, City
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
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Electric
  • Flooring: Hardwood
  • Equipment: Range/Oven, Refrigerator, Garbage Disposal, Dishwasher
  • Interior Features: Recessed Lighting
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • 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
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,595.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,595.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 2818 Abbot Kinney Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2818 Abbot Kinney Boulevard

Taxable ValueLand$1,020,000Additions$204,000Total$1,224,000
Tax Record2023$15,016 ($1,251 / month)
Home Facts
Total Finished SqFt1,600 SqFtAbove Grade Finished SqFt1,600 SqFtLot Size3,003 SqFtStyleTriplexYear Built1954ZoningLAC2CountyLOS ANGELESAPN4237-025-035

Schools near 2818 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
Public - 9 to 12
Rating
School
Distance
Coeur D'Alene Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Phoenix Continuation School
Public9 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.

Similar Homes

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2818 Abbot Kinney Boulevard is a multi-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. It has been on the market for a total of 11 days and was last sold on April 15, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Coeur D'Alene Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 2818 Abbot Kinney Boulevard is a 3-bed, 3-bath, 1,600 sqft multi-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.