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1043 Abbot Kinney Blvd 4,431 SF Retail Building Venice, CA 90291 $8,643,000 ($1,950.58/SF) 6% Cap Rate
Executive Summary
1043 Abbot Kinney Boulevard presents an exceptional opportunity to acquire a fully leased retail asset in one of Los Angeles’ most coveted lifestyle destinations. The property features a 4,431 SF two-story building situated on a 3,426 SF lot, offering 40 feet of prime frontage along Abbot Kinney Boulevard. Currently 100% leased to Albion Garden, a café and cosmetics retailer, the property provides stable, long-term income with a lease in place through June 30, 2028. The existing lease structure delivers predictable cash flow with scheduled rent escalations and a triple-net (NNN) arrangement, minimizing landlord responsibilities. This investment offers a 6% in-place cap rate, making it an attractive option for private investors and 1031 exchange buyers seeking security and embedded upside in a high-barrier-to-entry market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,431 SF
Building Class
B
Year Built/Renovated
1921/2022
Price
$8,643,000
Price Per SF
$1,950.58
Cap Rate
6%
NOI
$518,580
Tenancy
Single
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.09 AC
Zoning
LAC2 - Commercial
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
Property Taxes
| Parcel Number | 4239-021-019 | Improvements Assessment | $892,413 |
| Land Assessment | $2,231,036 | Total Assessment | $3,123,449 |
Property Taxes
Parcel Number
4239-021-019
Land Assessment
$2,231,036
Improvements Assessment
$892,413
Total Assessment
$3,123,449
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1043 Abbot Kinney Blvd
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