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2818 Abbot Kinney Blvd
Venice, CA 90291
Huge Reduction! 100% Vacant 3 Units + 1 ADU · Multifamily Property For Sale
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3 Units
Investment Highlights
- Once in a lifetime 100% Vacant & Updated 3 Units + preliminary plans for 1 ADU on the World-Famous Abbot Kinney Blvd
- Live/Work/Develop Value add opportunity with a huge upside
- Perfect owner-user opportunity as well as short term rental potential to maximize income
- Amazing Cash flow at a 5% Cap Rate and 14.4 GRM once leased up in Prime Venice Location with additional ADU upside
- Large 3,000 SF Lot C2-1 zoned Lot that may allow flexibility of commercial and residential uses.
- Excellent location just steps away from all the fine Shopping and Dining on Abbot Kinney Blvd and The Beach.
Property Facts
| No. Units | 3 | Building Size | 1,600 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1954/2022 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Lot Size | 0.07 AC | ||
| Zoning | LAC2 | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,600 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2022 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | LAC2 |
Amenities
Unit Amenities
- Ceiling Fans
- Kitchen
- Breakfast Nook
- Dining Room
- Garden
- Patio
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 4237-025-035 | Improvements Assessment | $217,500 |
| Land Assessment | $1,240,000 | Total Assessment | $1,457,500 |
Property Taxes
Parcel Number
4237-025-035
Land Assessment
$1,240,000
Improvements Assessment
$217,500
Total Assessment
$1,457,500
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