Property listed by Remax Commercial and Investment Realty, Jonathan Taksa 213-817-1000
$5,650,000
Huge price reduction and NOW PRICED TO SELL! We are pleased to offer for sale an incredible multifamily asset at 2700 Abbot Kinney Blvd. in the heart of LA's famed beach city of Venice. Originally built in 1959, the building boasts an incredibly rare unit mix consisting of 1 and… Read More 2 bedroom units. Each of these units are spacious and have a terrific floor plan. The property is situated on a large corner lot; thus, all units offer an abundance of natural light. There is HUGE rental upside, as current rents hover around $2.97/SF. Additionally, there is parking for all units as well as an on-site laundry facility. All units look out to a serene and beautifully landscaped courtyard, and residents enjoy being walking distance to the Venice Boardwalk and the beach. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. A walker's paradise, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles. Read Less
Listing Snapshot
Days Online
201
Last Updated
Property Type
Other
Beds
24
Square Ft.
11,180
Lot Size
0.32 Acres
Year Built
1959
MLS Number
24424311
30 Days Snapshot Of 90291
$3,137k
+36%
(avg) sold price
24
+166%
homes sold
108
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1959, Building area total: 11,180, Levels: One, Living area: 11180, 1 story, 1 building
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $384,486, Net operating income: $243,036
Lot
0.3231 acres, 14,073 square feet, Size: 14,073
Parking
15 totals parking, Assigned
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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