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    2727 Abbot Kinney Blvd

    Venice, CA 90291
    • $8,875,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 21-734058
    $8,875,000
    • 37
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,344
      SQFT
    • $1,399
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Ratings & Info

    Description

    Built in 1958, this garden-style 20-unit apartment complex consists of two structures, totaling 11,888 square feet of improvements and sits on a 13,555 square foot lot, zonedLAC2. There is a very attractive unit mix of one (1) studio/one-bath, one (1) Junior one-bedroom/one-bath and eighteen (18) two-bedroom/one-bath units. There is currently nine (9) vacant units. The property has been tastefully upgraded with13/20 units completely gutted and remodeled, copper pipes, new landscaping, exterior lighting, facade and concrete driveway. The seller has also completed the required seismic retrofitting. There are 6 parking spaces, secured entry and on-site laundry.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-17T23:42:44. 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.
    www.haciendagroupinc.com/homes/117384559
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    2727 Abbot Kinney Blvd Venice, CA 90291

    • Price: $8,875,000
    • Status: Active
    • MLS #: 21-734058
    37
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    6,344
    SQFT
    $1,399
    $/SQFT
    1958
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    Built in 1958, this garden-style 20-unit apartment complex consists of two structures, totaling 11,888 square feet of improvements and sits on a 13,555 square foot lot, zonedLAC2. There is a very attractive unit mix of one (1) studio/one-bath, one (1) Junior one-bedroom/one-bath and eighteen (18) two-bedroom/one-bath units. There is currently nine (9) vacant units. The property has been tastefully upgraded with13/20 units completely gutted and remodeled, copper pipes, new landscaping, exterior lighting, facade and concrete driveway. The seller has also completed the required seismic retrofitting. There are 6 parking spaces, secured entry and on-site laundry.
    Exterior Features

    Lot Size Area 13356 Other Structures None Parking Garage Carport Sprinklers Sprinkler System Total Parking 6

    Interior Features

    Bathroom Features Remodeled Baths Total 20.00 Cooking Appliances Electric Cooling Ceiling FanAir Conditioning Equipment Ceiling Fan Flooring Laminate Heating Wall Gas Laundry Laundry Area Water Heater Features Water Heater Unit

    Property Features

    Assessed Total Value 7074720 Gross Income 597133 Gross Operating Income 597133 Like Units1 1 Like Units2 1 Like Units3 18 Net Operating Income 365889.00 Number Of Buildings 2 Number Of Units 20 Property Condition Updated/Remodeled Sale Type Standard Security Features GatedResident Manager Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 213330 Type Of Units Apartment Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Richard Ringer DRE#01494512 of Richard J. Ringer Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-17T23:42:44. 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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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253