1106 1108 Abbot Kinney Boulevard
Venice, CA, 90291 $ 10,000,000
Baths0.0 Sq 3,054 Monthly Estimate*
$ 69,853
Listed by Coldwell Banker Realty
Studio
for $10,000,000. This 3,054 square foot building was built in 1923 on a lot size of 0.093.
Trophy Retail Property located in the hippest neighborhood on "The Best Shopping Street in America" per Vogue Magazine. Owner / User or Investment opportunity. First time on market in 50 years, sold "As-Is". Original 1923 single-story, stand-alone building, approx. 3,054 sq. ft., with 2 Retail Units, 1108 and 1108-C. Space for approx. 5 parking spots in rear. Lot size shows 4,050 sq. ft. per Assessor and Title Co. Building includes a partial mezzanine. 1108 has 1 full restroom in rear, 1108-C has 1 full restroom upstairs and a half bath downstairs. Building has 2.5 bathrooms total. Bazar, a 25-year Tenant, has a lease which terminates on 05/31/24 and currently pays under market at $14k a mo. The Pleasing, currently in 1108 is a Harry Styles owned Company and a "Pop-Up" store, with a lease terminating 02/29/24, paying $38k per mo. Property to be delivered vacant at COE. Immediate Retail neighbors include Rag & Bone, Away, Lulu Lemon, Vuori, Doc Martens, Le Labo Fragrances, an Estee Lauder Co., Blue Star Coffee, The Butchers Daughter, etc. This is an opportunity to own a piece of cultural history in a highly desirable, iconic, upscale area, with a very high walk score, near the ocean, seeped in a rich, bohemian tradition of art, music, creativity, shopping and dining. Carpe diem!
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FeaturesGeneralHeating WallFurnace
Roof Flat RolledHotMop
Zoning LAC2
HOA 0.0
Construction Materials Stucco WoodSiding
Year Built 1923
Business Type Retail
Business Name Bazar & Pleasing
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Buyer Financing Cash
Directions Main Street to Abbot Kinney Blvd. to address.
City Venice
Disclosures TrustConservatorship
View Y/N N
Senior Community Y/N N
Open Parking Spaces 5.0
Total Units 2
MLS Area C11 - Venice
Lot Size Square Feet 4050.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Abbot Kinney
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 20
Standard Status Pending
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ExteriorLot Features NearPublicTransit
Total Parking 5.0
Lot Size Area 4050.0
Number of Buildings 1
Spa N
Building Area Total 3054.0
Lot Size Acres 0.093
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 5
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Boulevard
Laundry Features None
Entry Level 1
Electric On Property Y/N N
Total Baths 0
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $69,853
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Venice, CA
Average List Price $2,956,787
Percent of Sale Price 70%
About Venice, CA 29,124 Population
-6% Since 2002
$ 89,009 Median Income
41.51 Median Age
14% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
1/29/2024 | $10,000,000 | | Listed Price |