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2339 Abbot Kinney Blvd, Venice, CA 90291
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2339 Abbot Kinney Blvd Venice, CA 90291

$1,975,000
  • 4 Beds
  • 3 Baths
  • 1,792 Sq.Ft.
For Sale
$1,975,000 Get Pre-Qualified
Map preview of 2339 Abbot Kinney Blvd, Venice, CA 90291

Property Overview: 2339 Abbot Kinney Blvd Venice, CA has 4 bedrooms, 3 bathrooms, 1,792 living square feet and 4,859 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Incredible opportunity for a rare income property in the heart of coveted Venice. Located on iconic Abbot Kinney Boulevard, this coastal gem is just steps from local shops, restaurants, entertainment, and the beach. This enchanting triplex features bright units which include: 2 bed & 1 bath, 1 bed & 1 bath, and 1 bed & 1 bath. The serene property is enveloped by lush landscaping and boasts multiple outdoor living spaces throughout. With endless potential this compound is perfect for owner/investor, development, income, or more!

Listed by Sally Forster Jones | BRE #00558939 | Compass
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 855
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Home details

Lot Sq. Ft
4,859
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
21723950
City
Venice
County
Los Angeles
Time on Site
1077 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $93,600
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2339 Abbot Kinney Blvd

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Property Details for 2339 Abbot Kinney Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport, Garage - Three Door
Property Information
  • Total # of Units: 3
  • Parcel Number: 4229012008
Location / Neighborhood
Location Information
  • Directions: Venice to Abbot Kinney
View more facts & features

Local Venice Agent

Sale History for 2339 Abbot Kinney Blvd

Last sold for $1,817,800 on March 23rd, 2022

  • March, 2022

  • Mar 23, 2022

    Date

    Sold

    CRMLS: 21101376

    $1,817,800

    Price

  • Nov 2, 2021

    Date

    Active

    CRMLS: 21101376

    $1,888,888

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present for sale this very rare triplex opportunity 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 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.

  • September, 2021

  • Sep 7, 2021

    Date

    Price Change

    CRMLS: 21732174

    $1,925,000

    Price

  • Jul 9, 2021

    Date

    Price Change

    CRMLS: 21732174

    $1,975,000

    Price

  • May 15, 2021

    Date

    Active

    CRMLS: 21732174

    $1,995,000

    Price

  • Listing provided courtesy of CRMLS

    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%.

  • July, 2021

  • Jul 9, 2021

    Date

    Price Change

    CRMLS: 21723950

    $1,975,000

    Price

  • May 13, 2021

    Date

    Active

    CRMLS: 21723950

    $1,995,000

    Price

  • March, 2020

  • Mar 4, 2020

    Date

    Leased

    CRMLS: 20543760

    $2,800

    Price

  • Jan 28, 2020

    Date

    Active Under Contract

    CRMLS: 20543760

    $2,800

    Price

  • Jan 14, 2020

    Date

    Active

    CRMLS: 20543760

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Located in a prime Venice location on the renowned Abbot Kinney Blvd, just blocks to all the boutique shops and gourmet restaurants. This middle unit is a 1 bed and 1 bathroom unit for lease in the center of a Triplex. Light and airy with hardwood floors throughout. Communal outdoor area. 1 c. garage parking. Truly a rare opportunity be on the coveted Abbot Kinney Blvd; this lease will not last!

  • December, 2019

  • Dec 16, 2019

    Date

    Sold

    CRMLS: 19489538

    $1,750,000

    Price

  • Nov 25, 2019

    Date

    Pending

    CRMLS: 19489538

    $1,799,000

    Price

  • Oct 18, 2019

    Date

    Active Under Contract

    CRMLS: 19489538

    $1,799,000

    Price

  • Oct 8, 2019

    Date

    Price Change

    CRMLS: 19489538

    $1,799,000

    Price

  • Sep 11, 2019

    Date

    Price Change

    CRMLS: 19489538

    $1,849,000

    Price

  • Sep 2, 2019

    Date

    Active

    CRMLS: 19489538

    $1,900,000

    Price

  • Aug 22, 2019

    Date

    Hold

    CRMLS: 19489538

    $1,900,000

    Price

  • Jul 22, 2019

    Date

    Active

    CRMLS: 19489538

    $1,900,000

    Price

  • Listing provided courtesy of CRMLS

    Rare Opportunity to Live and Own, or Develop this R-3 Venice Property. Located in a prime Venice location on the residential section of the world renowned Abbot Kinney Blvd. Blocks to all the shops and action. First time on the market in over 30 years. This triplex is a must see. The units are comprised of: 2 bed 1 Bath. 1 Bed 1 Bath - Middle unit DELIVERED VACANT. 1 Bed 1 Bath. Great for owner/investor. Excellent landscaping creates an oasis in the back to relax in, a 4800 sq ft lot, and individual garage parking for 3. Less than 1 mile to the beach. Light and airy with hardwood floors throughout. Truly a rare opportunity on the coveted Abbot Kinney Blvd. Don't miss your chance.

  • December, 2019

  • Dec 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,750,000

    Price

  • June, 2019

  • Jun 17, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2018

  • Oct 28, 2018

    Date

    Leased

    CRMLS: SB18248438

    $3,200

    Price

  • Oct 27, 2018

    Date

    Pending

    CRMLS: SB18248438

    $3,200

    Price

  • Oct 26, 2018

    Date

    Hold

    CRMLS: SB18248438

    $3,200

    Price

  • Oct 21, 2018

    Date

    Price Change

    CRMLS: SB18248438

    $3,200

    Price

  • Oct 13, 2018

    Date

    Active

    CRMLS: SB18248438

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Amazing opportunity to live right on Abbot Kinney in Venice! This charming two bedroom cottage apartment is the back house in a small 3-unit gated secure complex. With your own private entrance and no one living above or below you, it feels like your own home! The building a lovely shared grassy front yard and shared back patio area. Spend every morning sipping coffee in your garden, while the who’s who of Venice stroll by. Inside you'll find an adorable apartment with hardwood floors, a separated eat in kitchen area with bar counter, spacious living room and brand new washer/dryer combo unit (in kitchen). The bathroom was just updated with brand new flooring, bathtub and fixtures. The apartment comes with private one car garage (accessed from Marr Street).

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Tax History for 2339 Abbot Kinney Blvd

Assessed Value (2020): $1,750,000
Year Land Value Improved Value Assessed Value
2020 $1,700,000 $50,000 $1,750,000

Home Value Compared to the Market

This property vs the competition

2339 Abbot Kinney Blvd is listed 23.89% lower than the median list price for the city of Venice which has a median list price of $2,595,000. The median price per/sqft for Venice is $1,289 and this home is listed at $1102.12 per/sqft which puts the price per square foot 14.5% lower than the median price per square foot for the city of Venice.

About 2339 Abbot Kinney Blvd

Detailed summary of property

2339 Abbot Kinney Blvd is a multi family located in Venice, CA 90291 and is currently for sale. This multi family property offers 4 bedrooms, 3 bathrooms, roughly 1,792 living square feet, and sits on an approximately 4,859 square foot lot. 2339 Abbot Kinney Blvd was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner is currently asking $1,975,000 and was originally asking $1,995,000. The median priced home in Venice is $2,595,000 with a median price per square foot of $1,289. Based on Ardent Real Estate Group's Venice Market Data, this home is listed 23.89% lower than the median priced home. Local competing homes currently for sale include 3731 Glendon Ave, 3640 Jasmine Ave and 12188 W Sunset Blvd. While the average home in Venice, CA is selling in 106 days, 2339 Abbot Kinney Blvd has a days on market of 855 days. There are currently 144 homes for sale in the Venice real estate market and 130 of them are single family homes while 10 of them are condos and 4 are townhomes. For more information on this home for sale at 2339 Abbot Kinney Blvd Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 2339 Abbot Kinney Blvd

Public county record property details
Beds
4
Baths
3
Year built
1949
Sq. Ft.
1,792
Lot Size
4,858
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10-11
APN
4229-012-008

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,599,000
Median List Price/Sq.Ft.
$1,308
Median Sold Price
$2,302,000
Median Sold Price/Sq.Ft.
$1,423
Total Inventory
139
Median Sale to List Price %
92.26%
Avg Days on Market
77
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

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Venice Agent
Call, Text or Message
(714) 706-1823
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Buy this home with Ardent Real Estate Group and get $7,406 back.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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