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881 Abbot Kinney blvd
Venice, CA 90291
Abbot Kinney Residneces · Multifamily Property For Sale
·
130 Units
Investment Highlights
- Irreplaceable Coastal Location
- Luxury Residential in an Undersupplied Market
- Fully Built Subterranean Parking
Executive Summary
Abbot Kinney Residences is prominently situated at the intersection of two of Los Angeles' most sought-after retail corridors — Venice's Abbot Kinney Boulevard and Santa Monica's Main Street — two blocks from the beach. Formerly the home of the iconic World's Gym, the 0.68-acre site is located in one of the highest barrier-to-entry markets in the country.
Venice Beach welcomes approximately 10 million visitors annually. The market benefits from a broad mix of demand generators: destination retail and restaurants, proximity to major tech offices (Snapchat, Google, Riot Games, YouTube, and more), and some of LA's most affluent residents.
The seller has completed construction of the subterranean parking garage. Originally designed to accommodate a larger mixed-use program assembled across multiple sites, the garage was built at scale — and this project inherits that prime, fully built infrastructure. The subterranean parking garage structure is complete at core and shell — needing only stacker units to be operational — delivering tangible value in a neighborhood chronically underserved by public parking. Standalone operation as a public garage may require a change of use approval, which a buyer should vet with land use counsel.
Venice Beach welcomes approximately 10 million visitors annually. The market benefits from a broad mix of demand generators: destination retail and restaurants, proximity to major tech offices (Snapchat, Google, Riot Games, YouTube, and more), and some of LA's most affluent residents.
The seller has completed construction of the subterranean parking garage. Originally designed to accommodate a larger mixed-use program assembled across multiple sites, the garage was built at scale — and this project inherits that prime, fully built infrastructure. The subterranean parking garage structure is complete at core and shell — needing only stacker units to be operational — delivering tangible value in a neighborhood chronically underserved by public parking. Standalone operation as a public garage may require a change of use approval, which a buyer should vet with land use counsel.
Property Facts
| Sale Type | Investment | Building Class | A |
| Sale Condition | Redevelopment Project | Lot Size | 0.68 AC |
| No. Units | 130 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 166,400 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 130 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.68 AC |
| Construction Status | Proposed |
| Building Size | 166,400 SF |
| No. Stories | 5 |
Property Taxes
| Parcel Number | 4286-012-047 | Improvements Assessment | $734,400 |
| Land Assessment | $28,902,312 | Total Assessment | $29,636,712 |
Property Taxes
Parcel Number
4286-012-047
Land Assessment
$28,902,312
Improvements Assessment
$734,400
Total Assessment
$29,636,712
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