1310 Abbot Kinney BlvdLos Angeles, CA 90291

Property Details for 1310 Abbot Kinney Blvd

Year built

1956

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

4,860 SF

Zone code

LAC2

Property type

Retail space

APN

4238-004-015

APU

4238004015

Description

This exceptional 5,156-square-foot retail storefront is located at 1310 Abbot Kinney Boulevard in the heart of Venice, California's renowned Abbot Kinney shopping district. Situated on a 5,396-square-foot lot, this single-story, freestanding building offers significant value-add potential. Originally configured as three approximately 1,700-square-foot spaces, the property currently presents as a single, large retail space, providing flexibility for a single tenant or division into multiple units to maximize rental income. Built in 1956 and renovated in 2012 and 2019, the property benefits from high visibility and substantial foot traffic in this premier shopping destination. The C2-1-O-CA zoning allows for a variety of retail uses. With a vacant occupancy status, the property is available for immediate possession on August 30, 2024. Abbot Kinney Boulevard is known for its high demand, low vacancy rates, and strong annual rents, presenting a compelling investment opportunity for owner-users or investors seeking to capitalize on the area's thriving retail market. The property's central location within the district ensures maximum exposure and brand recognition. The potential for substantial upside through leasing vacant space, coupled with the flexibility to accommodate multiple tenants, makes this a truly unique opportunity in one of the nation's most sought-after retail locations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,650,523

  6.5%

  $1,523,559

  7%

  $1,414,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,328,928

  Geo Method

  $2,328,928

• Alternative Use

  Use

  Valuation

  Residential

  $1,285,179

  Hospitality

  $1,177,217

  Educational

  $979,431

  Medical

  $1,013,115

  Retail

  $1,523,559

Location Insight

City

Venice

County

Los Angeles

State

California

Latitude

33.9909

Longitude

-118.468

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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