1511 Abbot KinneyVenice, CA 90291

Property Details for 1511 Abbot Kinney

Year built

2008

Lot size

0.06 AC

Property size (Sq ft)

3,914 SF

Zone code

LAC2

Property type

Commercial real estate

APN

4241-036-012

APU

4241036012

Description

This exceptional three-story building at 1511 Abbot Kinney Boulevard in Venice, California offers 6,230 square feet of versatile space, currently entirely vacant and ready for immediate occupancy. Built in 2008 and renovated in 2017, the property boasts a modern design with 12-foot ceilings. The space is zoned C2 - 1 CA Community Commercial, ideal for a variety of uses including executive offices, showrooms, or professional services. The building features a single service elevator and two parking spaces. The minimum divisible space is 1,968 square feet, with a maximum contiguous space of 2,152 square feet, offering flexibility for various tenant needs. Located in the heart of Venice, this property benefits from its high-visibility location on Abbot Kinney Boulevard, a prime retail and commercial corridor. The building's previous tenants included high-profile businesses, showcasing its desirability and potential. This is a rare opportunity to secure a prominent space in a highly sought-after area of Los Angeles. The property is situated in Clark County, California, with a zip code of 90291.

• CAP approach

  CAP return

  Valuation

  6%

  $1,024,820

  6.5%

  $945,985

  7%

  $878,415

• Comparable approach

  Method

  Valuation

  Relative Method

  $744,286

  Geo Method

  $744,286

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,856,620

  Retail / Commercial

  $953,201

  Mixed-Use / Specialty

  $950,699

  Hospitality / Lodging

  $698,665

  Office

  $945,985

  Institutional / Educational

  $988,664

  Residential Income

  $1,156,740

  Multifamily

  $1,382,360

  Automotive / Energy

  $847,427

  Parking / Income-Based Land

  $291,551

  Restaurant / Food Service

  $496,379

  Healthcare / Senior Housing

  $974,005

Location Insight

City

Venice

County

Los Angeles

State

California

Latitude

33.9904

Longitude

-118.464

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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