2700 Abbot Kinney Blvd - Apartments FOR SALE


Venice, CA 90291
$6,995,000 USD
310-968-5303
2700 Abbot Kinney Blvd, Venice, CA for Sale
$6,995,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2700 Abbot Kinney Blvd
Venice, CA 90291


HIGHLIGHTS

  • MASSIVE PRICE REDUCTION - Premier Venice location
  • Incredible unit mix with lots of rental upside
  • Courtyard building with custom planters and seating
  • Approx. $446,000 spent on apartment renovations and approx. $597,000 spent on common area renovations
  • New roof and all new windows installed in 2019
  • Walk to high-end dining, beach and nightlife

OVERVIEW

MASSIVE PRICE REDUCTION! Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale an incredible multifamily asset at 2700 Abbot 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 $2.92/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 walking distance 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.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$626 USD /SF

# OF UNITS

15

PRICE/UNIT

$466,333

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MASSIVE $$ Reduction: Premier Venice Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,070 SF

ZONING

LAR1

APN/PARCEL ID

4327-021-005

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.