Rare Investment & Development Opportunity on Venice's Iconic Abbot Kinney Blvd. A truly one-of-a-kind opportunity to own a prime real estate on GQ magazines the coolest block in America. This exceptional offering consists of three separate adjoining parcels (1722, 1724, 1726 Abbot Kinney) totaling over 9,000 square feet of land,… Read More featuring 12 units across three buildings (four units per building). This charming Venice compound includes 10 (1) bedroom/(1) bath units and 2 bachelors, all designed in a bungalow-style layout with beautiful adjoining courtyards. The property embodies the best of Venice living offering a serene and private atmosphere while being walking distance from the Venice Canals and Venice Beach, steps from the area's top dining (Felix, Gjelina, Great White, Scopa), Erewhon, Abbot Kinney's First Fridays, bars, the local Farmer's Market and entertainment. With six one-car garages and four additional open parking spaces, this property provides rare and ample parking for residents and guests alike. Even more compelling, the property is zoned LAC2 (Commercial Retail), unlocking massive long-term upside for future development in this A+ location. All three parcels are being sold together as a package, but will be transferred separately by parcel. Whether you're an investor looking for strong rental income, a developer seeking prime real estate, or an owner-user envisioning the possibilities, this is an unparalleled chance to secure a trophy asset in the heart of Venice. Read Less
Property listed by Pardee Properties, Tyler Kunkle 310-907-6517
Listing Snapshot
Days Online
38
Last Updated
Property Type
Other
Beds
10
Square Ft.
4,685
Lot Size
0.21 Acres
Year Built
1941
MLS Number
25513113
30 Days Snapshot Of 90291
$2.71M
-20%
(avg) sold price
17
-22%
homes sold
70
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher
Building
Built in 1941, Building area total: 4,685, Levels: One, Living area: 4685, 1 story, 3 buildings
Fireplaces
Bath, DiningRoom, Gas, Kitchen, LivingRoom
Garage
6 spaces
Heating
WallFurnace
Income
Gross income: $314,945, Net operating income: $220,462
Lot
0.2067 acres, 9,003 square feet, Size: 9,003
Parking
4 open parking spaces, 10 totals parking, Driveway
Property
Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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