580 Venice Boulevard,Venice,Los Angeles,ResidentialIncome

Property Description

HUGE PRICE REDUCTION! Once in a generation opportunity to purchase one to three buildings on contiguous parcels in the prime, highly visible intersection of Venice Blvd. and Abbot Kinney Blvd. The gateway to Venice Beach, Abbot Kinney dining and Marina Del Rey. Zoned LAC2 creating great options for developers/investors. This corner building is a duplex with a store in the back. Both tenants are on month to month. One tenant occupies both of the two 2+1 units, and one tenant has the one room store, with a bathroom, in the back. The adjacent buildings are the 1702 Abbot Kinney Blvd. on about 3,000 sf lot, APN 4228-001-005, MLS# 23-234541 and 1706 Abbot Kinney Blvd. on about 3,001 sf lot, APN 4228-001-006, MLS#23-234553. Both are offered at $1,875,000 EACH. ALL 3 LOTS ARE AVAILABLE FOR A TOTAL OF $6,250,000 BASED ON LAND VALUE OF APPROXIMATLEY $625 PER SQ.FT. DO NOT DISTURBE TENANTS AND/OR WALK ON ANY OF THOSE PROPERTIES. SOLD IN STRICTLY ‘AS IS’ CONDITION. SELLER SELECTS SERVICES.