2818 1/2 Abbot Kinney Boulevard
Venice, CA, 90291 $ 1,550,000
Bedrooms3 Baths3.0 Sq 1,600 Monthly Estimate*
$ 10,827
Listed by Pardee Properties
for $1,550,000 with 3 bedrooms and 3 full baths. This 1,600 square foot home was built in 1954 on a lot size of 0.0689.
Huge 145k Price Reduction! One of the best values in Venice has arrived. Welcome to this dreamy, completely renovated duplex that is charming and offers immense opportunities on Abbot Kinney in the heart of Venice Beach! This modern and reimagined income property is ready for both owner-users and investors with two renovated vacant units. This is the perfect property to lease and park your cash in this one-of-a-kind investment, with a projected 4.4% Cap Rate and 15.7 GRM once leased. Endless ways to utilize this property; the moment you receive the keys rent both units at market rates, or perfect for an owner user who wants a pied a-terre, expand and develop, or live in one and rent the other for passive income!! This quintessential property could not be in a better location. With some of Los Angeles' best restaurants, coffee shops, and boutiques at your doorstep, you are a quick stroll to the beach and the Venice Canals! // About This Home: As you enter the charming gate, you are welcomed by a private, serene aesthetic surrounded by lush landscaping that creates an ultra-private oasis. Consisting of two (2) units, you will be wowed at how much space is offered and how functional the floorplans are in each unit. The front 1 Bdrm/1 Bath unit is perfectly designed, with tranquil views of the front yard, and is infused with natural light. Every space has been thought of and is relaxing and cozy. The back 2 Bdrm/2 Bath unit is very warm and inviting, with a sunny living area, and flows into a dining room and kitchen. Your primary retreat has a nice-sized closet space with an ensuite bathroom, and the second bedroom is fabulous as a home office or guest space. An attached nicely sized garage, with more parking in the exterior drive. This additional space allows you to expand the living space while keeping parking intact. Utilize this space for parking and storage, or make this a den/hangout area, media room, game room, home gym, or creative haven! // We Love: All the upside potential here! Ready for your investment portfolio now or have yourself a great income-producing property in one of the best locations on the Westside. // The Neighborhood: With some of Los Angeles's best restaurants, coffee shops, and shopping at your doorstep, everything you could want or need is here. Ride your bike to the beach, or stroll to the Venice Canals. This is SoCal living at its finest. This rare gem will not last long! Perfect Live/Work/Rent/Development/Airbnb Opportunity on the world-famous Abbot Kinney Blvd in the heart of Venice on a C2 zoned lot, which may also be used for short-term rentals/office/retail. There are preliminary plans for a potential attached ADU in the garage for future upside -- available upon request!
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FeaturesGeneralInterior Features RecessedLighting
Sewer Other
Cooling None
Possession CloseOfEscrow
Appliances Dishwasher Disposal Refrigerator
Zoning LAC2
Patio/Porch Features FrontPorch Open Patio
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1954
View None
Stories 1
Levels One
Property SubType SingleFamilyResidence
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Facing Direction West
Garage Y/N N
Special Listing Conditions Standard
Status Active
Buyer Financing Cash Conventional
Directions North of Washington Blvd South of Venice Blvd West of Lincoln - on Abbot Kinney!
City Venice
Disclosures CoastalCommissionRestrictions ListingBrokerAdvantage
Entry Location Ground Level w/steps
View Y/N N
Senior Community Y/N N
High School District Los Angeles Unified
Open Parking Spaces 2.0
Total Units 2
MLS Area C11 - Venice
Lot Size Square Feet 3003.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Abbot Kinney
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Property Sub Type Additional SingleFamilyResidence
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InteriorFlooring Wood
Furnished Y/N Unfurnished
Fireplace Features None
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 3
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Boulevard
Laundry Features None
Total Bedrooms 3
Electric On Property Y/N N
Total Baths 3
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ExteriorFencing Wood
Parking Features DoorMulti Driveway Garage Private
Lot Features FrontYard
Total Parking 4.0
Lot Size Area 3003.0
Spa N
Building Area Total 1600.0
Lot Size Acres 0.0689
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $10,827
- 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 NearbySingle family listings in Venice, CA
Average List Price $3,353,180
Percent of Sale Price 116%
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.
4003522 Elementary School
4003523 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/25/2024 | $1,550,000 | | Listed Price |