2700 Abbot Kinney Boulevard, Venice, Los Angeles, CA, ResidentialIncome, 24, 15

$ 7,850,000
2700 Abbot Kinney Boulevard,

Overview

  • Updated On:
  • November 13, 2023
  • 24 Bedrooms
  • 15 Bathrooms
  • 11,180.00 ft2

Property Description

We are pleased to offer for sale an incredible multifamily asset at 2700Abbot 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 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 $2.83/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 close 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.

Address: 2700 Abbot Kinney Boulevard
City:
State/County:
Zip: 90291
Country: United States
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$ 40,248.50
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 30,436.00
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David Clark