Attention Venice and Abbot Kinney lovers/business owners. Incredible investment and income-producing live/work bungalow with immediate income over apx. 4.% cap rate, with a one year remaining tenant. Possible for immediate occupancy with cash-for-keys on the iconic Abbot Kinney Blvd, where modern luxury meets coastal charm. Currently a 2-bedroom, 2-bathroom gem… Read More offers 1,283 sqft of meticulously upgraded living space. Every inch of this home was reimagined in 2023, featuring a brand-new kitchen, completely renovated bathrooms, an additional bathroom, new landscaping, exterior enhancements, updated electrical and plumbing systems, a new HVAC, and anew roof. The inviting interior boasts a stylish decorative fireplace, providing a cozy focal point for the living area. Outside, the property includes not only a backyard but also a 60 ft front yard and three private, coveted parking spaces. Also ideal for future developers, this property includes formally approved RTI plans for an impressive modern 3-story duplex or triplex live/work potential. The design build promises 6,470 sqft of luxury living, with 5 bedrooms, 6.5 bathrooms, and an attached 1,200 sqft ADU. The ADU plan features 1 bedroom, 2 bathrooms, an office, and its own separate address. Situated close to Abbot Kinney's shops and renowned restaurants, this property offers diversity to own, live/work, or develop a multi-family residence in the center of Venice's vibrant lifestyle. Don't miss out on this exceptional property! The property is tenant-occupied until 3/1/27 at market rent, and could be open to cash for keys. Read Less
Courtesy of Christie's International Real Estate SoCal 424-249-7162
Listing Snapshot
Days Online
25
Last Updated
Property Type
Other
Beds
2
Square Ft.
1,283
Lot Size
0.11 Acres
Year Built
1914
MLS Number
26642201
30 Days Snapshot Of 90291
$2.68M
+10%
(avg) sold price
12
-25%
homes sold
79
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Hood Fan, Garbage Disposal
Building
1,283 sq ft, Built in 1914, Levels: One, Craftsman
Cooling
Central
Disclosures
Coastal Commission Restrictions, As Is, Building Plans Available
Garage
Driveway, Garage - None, Offsite
Heating
Central
Lot
LotAcreage: 0.1054, LotSizeArea: 4,593
Parking
TotalParking: 0
Property
NumberOfUnits: 1, Zoning: LAR3
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