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2616 Abbot Kinney Blvd
For Sale $1,799,000 ($1,402.18 per Sq Ft)
$1,799,000 ($1,402.18 per Sq Ft)
- 1 Units
- 1,283 Sq Ft
- 4,593 Sq Ft
- Unknown Cap Rate
Description
Attention Venice and Abbot Kinney lovers/business owners. Incredible investment and income-producing live/work bungalow with immediate income over apx. 4.% cap rate, with a one year remaining tenant. Possible for immediate occupancy with cash-for-keys on the iconic Abbot Kinney Blvd, where modern luxury meets coastal charm. Currently a 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, an additional bathroom, new landscaping, exterior enhancements, updated electrical and plumbing systems, a new HVAC, and anew 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 formally approved RTI plans for an impressive modern 3-story duplex or triplex live/work potential. 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 plan 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 until 3/1/27 at market rent, and could be open to cash for keys.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,799,000 |
| Property Type | Multi-Family |
| Usable Sqft | 1,283 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1914 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4237020030 |
| MLS # | 26642201 |
| Property ID | 322533447 |
| Lot Sqft | 4,593 |
| Zoning | LAR3 |
| Total Units | 1 |
| Days on Market | 40 |
| Original List Price | $1,799,000 |
| Date Updated | February 19, 2026 |
| Date Created | January 23, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 2.00 | $8,840 | $8,840 |
| Gross Income (Yr) | $ 106,080 |
| Operating Expenses | $ 27,589 |
| Net Income (Yr) | $ 78,491 |
Listing Provided By
Timothy Di Prizito an agent of . Lic #01433017
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Robert Crawford
REAL ESTATE AGENT