$1,550,000
Active
18 Days Online
3 Beds3 Baths1,600 SQFT
Active

1/2 Abbot Kinney Boulevard Venice, CA 90291

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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!

  • Property TypeSingle Family Home
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site17 Days
  • MLS StatusActive
  • MLS ID Number24382921
  • Home Size Source N/A
  • Year Built1954
  • Lot Size0.0689 Acres
  • Full Baths3
  • Partial BathsN/A

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General Features

  • Parking Garage - Two DoorPrivateDriveway
  • Parking Spaces 4
  • Sewer Other
  • Number of Stories 11
  • Acreage 0.0689
  • Security Carbon Monoxide Detector(s)Smoke Detector(s)
  • Property Sub Type Single Family Residence
  • Zoning LAC2
  • Listing Conditions Standard
  • Property Condition Updated/ Remodeled
  • Direction Faces West

Interior Features

  • Cooling None
  • Appliances DishwasherDisposalRefrigerator
  • Flooring Wood
  • Furnished? Unfurnished
  • Interior Recessed Lighting
  • Fireplace Features None
  • Laundry Features None
  • Fireplace No

Exterior Features

  • View None
  • Fencing Wood
  • Spa No
  • Pool Features None
  • Spa Features None
  • Lot Front Yard
  • Patio And Porch Patio OpenFront Porch

Community Features

  • Senior Community No
  • MLS Area C11 - Venice
  • Security Features Carbon Monoxide Detector(s)Smoke Detector(s)

Schools

School District
Los Angeles Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$8,325
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