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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
Total Baths3
Full Baths3
SqFt 1,600
Acres 0.069
CountyLos Angeles
Year Built1954
Property TypeResidential
Property Sub TypeSingle Family Residence

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

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