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1702 Abbot Kinney Boulevard, Venice, CA 90291$7,495,000

11
beds
7
baths
6800
ft2
· 9920
ft2 lot
$1,102 / ft2

Listing provided courtesy of Jacob Zacuto, Zacuto Group
Source CRMLS;
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Presenting a rare offering in one of the most desirable locations on the Westside. Currently 3 Apartment Buildings located on a 9920 SF Corner lot at the crossroads of Abbot Kinney and Venice Boulevard. High visibility, high trafficked gateway corner to Venice beach Ideal for multitude of development concepts including restaurant, retail, Mixed-use commercial/multi-family.

HOA

No HOA

On market

2 months

Year built

1954

Property type

Multi-Family

Parking

3

MLS

22189993

Price / Sq.Ft.

$1,102 / ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 1702 Abbot Kinney Boulevard

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included
•   
Appliances: Dishwasher, Microwave, Refrigerator
•   
Has Appliances
•   
Laundry: 1
Interior Size
•   
Building Area Total: 6800.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Driveway
Property Features
•   
View: City Lights
Building Info
•   
Zoning: LAC2
•   
Stories Total: 2
•   
Num Stories: Multi/Split
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.2277
•   
Lot Size Area: 9920.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 3
•   
Total Units: 10
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 499800.00
•   
Vacancy Allowance Rate: 3.00
•   
Cap Rate: 5.00
•   
Total Expenses: 124950.00
•   
Gross Multiplier: 15.00
Tax/Assessment Info
•   
Gross Income: 499800.00
Lease Info
•   
Net Operating Income: 374850.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 3000.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 3000.00
Unit 7 Information
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 5500.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1850.00
•   
Unit 7 Bedrooms: 2
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 7500.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 2560.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 7500.00
•   
Unit 1 Total Rent: 2500.00
Unit 4 Information
•   
Unit 4 Actual Rent: 5500.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 5500.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 1350.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1350.00
•   
Unit 5 Bathrooms: 1
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 5500.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1850.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 2
•   
Unit 6 Bathrooms: 1
Unit 10 Information
•   
Unit 10 Actual Rent: 1800.00
•   
Unit 10 Total Units: 1
•   
Unit 10 Total Rent: 1200.00
•   
Unit 10 Furnished Units: Unfurnished
Unit 8 Information
•   
Unit 8 Actual Rent: 2500.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 2000.00
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Actual Rent: 1500.00
•   
Unit 9 Total Units: 1
•   
Unit 9 Total Rent: 200.00
•   
Unit 9 Furnished Units: Unfurnished
School Neighborhood & Directions
School Info
•   
Directions: On Abbot Kinney & Venice Blvd
Other
Calculation
•   
Dom: 17

Neighborhood snapshot

89
Properties for sale
32
Median days on market
$1108.71
Median sold price/sqft
98.47%
Sold/List %
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Property History for 1702 Abbot Kinney Boulevard

08/16/2022
08/16/2022
CRMLS #22189993
active
CRMLS #22189993
$7,495,000

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