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    2721 Abbot Kinney Boulevard

    Venice, CA 90291
    • $1,550,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: CV20231256
    UPDATED: 118 min ago
    $1,550,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    Location - The subject property is located on one of the most recognizable streets in California - Abbot Kinney. Named by GQ as "The Coolest Block in America" and surrounded by international flagship retails stores and clothing boutiques, art galleries, hotels, restaurants and other nightlife destinations. The street commands some of the highest residential and retail rents in Los Angeles County. Walk Score - 90 (Walker's Paradise), Bike Score - 83 (Very Bikeable). Excellent Market Fundamentals - Extremely high barrier to entry location on one of the last undeveloped lots along Abbot Kinney Blvd. The location enables a developer to capitalize on a sub-market that commands an extremely high rent per square foot, cost per developed unit, and cost per square foot for multifamily development, mixed-use, condos/townhomes and small lot subdivisions. Zoning - The lot is Zoned R3 & C2. C2 zoning allows commercial and residential development and R3 is restricted to residential development. Demographics - Surrounded by multi million dollar single family homes averaging $994,165 in value, and Average Household Income of $130,173 within a half mile radius from the subject property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T00:27:33.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/111554582
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    2721 Abbot Kinney Boulevard Venice, CA 90291

    • Price: $1,550,000
    • Status: Active
    • Updated: 118 min ago
    • ID#: CV20231256
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Location - The subject property is located on one of the most recognizable streets in California - Abbot Kinney. Named by GQ as "The Coolest Block in America" and surrounded by international flagship retails stores and clothing boutiques, art galleries, hotels, restaurants and other nightlife destinations. The street commands some of the highest residential and retail rents in Los Angeles County. Walk Score - 90 (Walker's Paradise), Bike Score - 83 (Very Bikeable). Excellent Market Fundamentals - Extremely high barrier to entry location on one of the last undeveloped lots along Abbot Kinney Blvd. The location enables a developer to capitalize on a sub-market that commands an extremely high rent per square foot, cost per developed unit, and cost per square foot for multifamily development, mixed-use, condos/townhomes and small lot subdivisions. Zoning - The lot is Zoned R3 & C2. C2 zoning allows commercial and residential development and R3 is restricted to residential development. Demographics - Surrounded by multi million dollar single family homes averaging $994,165 in value, and Average Household Income of $130,173 within a half mile radius from the subject property.
    Exterior Features

    Lot Features Rectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet View None View YN No

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features CurbsSidewalksStreet Lights Country Us Distance To Water Comments 1Ft Elevation Units Feet Land Lease YN No New Construction YN No Senior Community YN No Special Listing Conditions AuctionThird Party Approval Water Source Public Zoning Lar3

    Listing provided courtesy of Tim Steuernol of Nai Capital, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T00:27:33.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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