2339 Abbot Kinney Boulevard,  Venice  (90291)

$1,995,000

0 bedrooms 0   0 bathrooms 0   4791 square feet 4,791
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PROPERTY DETAILS

Address: view address
Venice, CA 90291
Map Location
Features: Garage
Square Feet:4,791 sq.ft.Lot Size:0.11 acres
Year Built:1949Property Type:Multi Family
County:Los AngelesList Date:2021-05-14
Listing Number:21732174Days on market:38

PROPERTY DESCRIPTION

We are proud to present this very rare opportunity to acquire a triplex in the heart of Venice, CA, located at 2339 Abbot Kinney Blvd, just 0.75 miles from the Venice Beach, and just steps from local shops, restaurants, and entertainment that the world famous Abbot Kinney Blvd has to offer.This 3-unit, 1,792 SqFt multifamily building sits on a 4,858 SqFt lot, and it has a good unit mix of (2) 1-Bed / 1-Bath units and (1) 2-Bed / 1-Bath unit.This property is perfect for an investor who wants to capitalize on the over 20% upside potential in rental income and the historically strong appreciation of this Venice market. It is also perfect for an owner occupy buyer who wants to live in one of the units and collect rent on the other two. Furthermore, this property's zoning also offers an investor the potential for future redevelopment of 4 units/condos, with a maximum envelope of 8,561 SqFt. Lastly, since this property has 3-units, it qualifies for residential financing where the buyer would only need a 25% down payment to get a 30-year fixed rate mortgage with today's historically low interest rates. A qualified investor can also get an interest only loan with a rate as low as 3.25%.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2021 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2021 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listing courtesy of: Filip Niculete of Marcus & Millichap