For Sale

Listed by Armin Soleimani and Julio C Ruiz from Global Major Properties

Source: Combined LA Westside Multiple Listing Service, Inc #23276257

2818 Abbot Kinney Boulevard, Los Angeles, CA, 90291

$1,695,000

2
3
1600 sq. ft.
3003 sq. ft.

Other

•

30+ days on the market

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About this property

Huge Price Reduction! Once in a lifetime 100% Vacant & Updated Triplex 3 Units cash flowing at a current 5% Cap Rate with preliminary plans for an additional 4th ADU unit on the World-Famous Abbot Kinney Blvd. Perfect Live/Work/Rent/Development/Airbnb Opportunity in the heart of Venice Beach which may be used as a Single Family House/Office/Retail as well since it's one structure. Incredible Returns at a 5% Cap Rate and 14.4 GRM on Existing income once leased up with additional future ADU upside. Large 3,000 SF Lot C2-1 zoned Lot that may allow flexibility of commercial, retail, office, and residential uses. Perfect owner-user opportunity as well as a short-term vacation rental (Airbnb & Vrbo) potential to maximize income. Large Updated Double Car Garage in the back which may be used as Office/Gym with the potential to convert into 1 attached ADU unit plus additional open surface parking spaces accessible from the rear alley. The property is a minutes bike ride to the Beach, just steps away from all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and???????????????????????? Costco.

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