Incredible investment and income-producing bungalow with immediate income apx. 4% on the iconic Abbot Kinney Blvd, where modern luxury meets coastal charm. This 2-bedroom, 2-bathroom gem 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,… Read More an additional bathroom, new landscaping, exterior enhancements, updated electrical and plumbing systems, a new HVAC, and a new 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 potential RTI plans for an impressive modern 3-story home. 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 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. Read Less
Property listed by Christie's International Real Estate SoCal, Timothy Di Prizito 424-249-7162
Built in 1914, Building area total: 1,283, Levels: One, Living area: 1283, 1 story, 1 building, Architectural style: Bungalow, Common walls: NoCommonWalls
Cooling
CentralAir
Fireplaces
Decorative
Heating
Central
Income
Gross income: $102,000, Net operating income: $74,410
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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