35 Photos

Huge 350k Price Reduction! Once in a lifetime 100% Vacant & Updated Triplex 3 Units with preliminary plans for an additional 4th ADU unit on the World-Famous Abbot Kinney Blvd. Perfect Live/Work/Rent/Development/Airbnb Opportunity in the heart of Venice Beach which may be used as a Single Family House/Office/Retail as well since it's one structure. Amazing Current Cash flow at a 4.5% Cap Rate and 16.3 GRM once leased up with additional future ADU upside. Large 3,000 SF Lot C2-1 zoned Lot that may allow flexibility of commercial, retail, office, and residential uses. Perfect owner-user opportunity as well as a short-term vacation rental (Airbnb & Vrbo) potential to maximize income. Large Updated Double Car Garage in the back which may be used as Office/Gym with the potential to convert into 1 attached ADU unit plus additional open surface parking spaces accessible from the rear alley. The property is a minutes bike ride to the Beach, just steps away from all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.

Listing ID22212837
Price$2,150,000
Price/SqFt$1,343.75
StatusActive
Bedrooms2
Total Baths3
Full Baths3
SqFt 1,600
Acres 0.069
CountyLos Angeles
Year Built1954
Property TypeResidential
Property Sub TypeSingle Family Residence

Contact - Listing ID 22212837

Your Contact Information

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Marc de Longeville
Address: 1253 18th St #3
Santa Monica, CA 90404
United States
Phone: 2136750197
Phone Alt: 2136750197

Similar Listings