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1015 Abbot Kinney Boulevard, Venice, California 90291, Venice, 90291 - 2 bed, 4 bath

1015 Abbot Kinney Boulevard, Venice, California 90291 home-pic-0
ACTIVE$13,800,000
1015 Abbot Kinney Boulevard, Venice, California 90291
2Beds
4Baths
5,000Sqft
15,394Lot
Year Built
2007
Close
-
List price
$13.8M
Original List price
$13.8M
Price/Sqft
$2,760
HOA
-
Days on market
-
Sold On
-
MLS number
24469415
Home ConditionGood
Features
Good View: City Lights, Mountain(s)
Deck
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $13.80M(99th), sqft - 5000(96th), beds - 2(29th), baths - 4(76th).

Unicorn Opportunity in Venice, CA Prime Location of 3 Contiguous Lots on Trendy Abbot Kinney Blvd. over 15,000 square feet. Presenting a once-in-a-lifetime opportunity to acquire three contiguous lots on one of the most coveted streets in Venice, California. Nestled in the heart of the vibrant, artistic, and ever-evolving Abbot Kinney corridor, this property is a true unicorn in the market. An exceptional and rare find for the discerning developer, investor, or visionary. This unique offering provides the flexibility to create a variety of exciting possibilities: Commercial Space: Capitalize on the high foot traffic and prestigious location to create a flagship retail space, cafe, gallery or boutique. High-End Residences: Develop luxury residential homes or a multi-unit complex designed for the Venice lifestyle, combining modern architecture with cutting-edge amenities. Mixed-Use Potential: Build a dynamic mixed-use development that blends commercial and residential elements, optimizing the street's energetic vibe and maximizing investment potential.

Condition Rating
Good
Built in 2007, this property is 17 years old, fitting the 'built within 10 to 20 years' criteria for a 'Good' rating. The images reveal a highly modern and well-maintained interior with high-end finishes. The kitchen features sleek wood cabinetry, white countertops, stainless steel appliances (including a gas cooktop, built-in oven/microwave, and large refrigerator), and a contemporary range hood, all appearing in excellent condition. Bathrooms boast floating vanities, modern fixtures, and large illuminated mirrors, also in pristine shape. Flooring consists of a mix of hardwood, polished concrete, and tile, all looking current and well-kept. Lighting is modern with recessed lights and stylish chandeliers. The overall aesthetic is contemporary and move-in ready, requiring no immediate renovations. While not newly built or extensively renovated within the last 5 years to qualify as 'Excellent,' its current condition, style, and apparent maintenance are exceptional for its age.
Pros & Cons

Pros

Prime Location: Situated on Abbot Kinney Boulevard, one of Venice's most coveted and vibrant streets, ensuring high visibility and desirability.
Significant Development Potential: Offers exceptional flexibility for commercial, high-end residential, or mixed-use development, catering to various investment strategies.
Large Contiguous Land Area: Comprises three contiguous lots totaling over 15,000 square feet, a rare and valuable asset in a dense urban market.
High Foot Traffic & Prestige: Benefits from the street's energetic vibe, high foot traffic, and prestigious reputation, ideal for commercial ventures.
Rarity in Market: Described as a 'unicorn opportunity' and 'exceptional and rare find,' indicating limited competition and high demand for such a unique offering.

Cons

High Initial Investment: The $13.8 million list price represents a substantial initial capital outlay, before any development costs.
Complex Development Process: Redeveloping multiple contiguous lots for mixed-use purposes will likely involve significant regulatory hurdles, extensive planning, and substantial construction costs.
Niche Buyer Market: The specialized nature and high price point limit the potential buyer pool primarily to experienced developers, investors, or visionary entities, potentially extending market time.

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