2700 Abbot Kinney Blvd | Venice, CA 90291
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- LoopNet Team
2700 Abbot Kinney Blvd
Venice, CA 90291
REDUCED!! Abbot Kinney 4.75 CAP and 13.39 GIM · Multifamily Property For Sale
·
15 Units
Investment Highlights
- MASSIVE PRICE IMPROVEMENT! 13.39 GIM AND 4.75 CAP! INCREDIBLE PRICING On Prestigious Abbot Kinney Blvd.
- Courtyard building with custom planters and seating
- New roof and all new windows installed in 2019
- Incredible unit mix with lots of rental upside
- Approx. $500,000 spent on apartment renovations and approx. $600,000 spent on common area renovations
- Walk to high-end dining, beach and nightlife
Property Facts
| No. Units | 15 | Building Size | 11,180 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.34/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | LAR1 - One-Family Residential | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 11,180 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | LAR1 - One-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,902 | 600 - 650 |
| 2+1 | 9 | $2,177 | 800 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,734,908 | |
| Land Assessment | $6,983,295 | Total Assessment | $9,718,203 |
Property Taxes
Parcel Numbers
Land Assessment
$6,983,295
Improvements Assessment
$2,734,908
Total Assessment
$9,718,203
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