Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1121 Abbot Kinney Blvd Venice, CA 90291

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,199,000

    Work/live space on Abbot Kinney with customization opportunities.

    Lot size:
    0.23 Acres

    Property Features for 1121 Abbot Kinney Blvd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.23 Acres

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Natasha Rezai
    Source: Elliman

    Listing Agent: Natasha Rezai

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Abbot Kinney Work/Live Opportunity

    This property presents a work/live opportunity on Abbot Kinney, situated on a dynamic street in Los Angeles. It offers opportunities for customization and features workspaces, a functioning kitchen with original fixtures, and a dedicated office space with two built-in desks. A private outdoor courtyard provides a zen working space, and a rooftop deck overlooks Abbot Kinney. The property includes two dedicated parking spots with secure gated garage entry and additional storage. It is suited for forward-facing innovative companies, brands, holistic practitioners, fashion houses, or tech enterprises seeking immersion in the area's pulse.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Venice
    County
    Los Angeles
    State
    California
    Longitude
    -118.46975
    Latitude
    33.99172

    Nearby Similar for Sale

    • New
      $1,950,000
      2,216 SF

      Venice Duplex Near Beach

      Desirable Venice duplex near canals, beach, and Abbot Kinney.
      2344 Ocean Ave, Venice, CA 90291
      View Details
    • New
      $3,495,000
      2,880 SF

      Venice Fourplex with Ocean Views

      Designer-done fourplex in Venice Beach with potential for ADU.
      17 Sunset Ave, Venice, CA 90291
      View Details
    • New
      $2,495,000
      3,360 SF

      Venice Multifamily Value-Add Opportunity

      Eight-unit multifamily property near Venice Beach with value-add potential.
      51 Thornton Ave, Venice, CA 90291
      View Details
    • New
      $1,895,000
      2,042 SF

      Venice Fourplex with Vacant Units

      Venice fourplex with owner-user potential near Abbott Kinney.
      134 Park Pl, Venice, CA 90291
      View Details
    • $2,750,000
      2,642 SF

      Venice Beach Trophy Property

      Four-unit multifamily property near Venice Beach.
      35 23Rd Ave, Venice, CA 90291
      View Details
    • $2,295,000
      3,289 SF

      Venice Triplex with Income Potential

      Venice triplex with architectural design, income, and long-term flexibility.
      558 San Juan Ave, Venice, CA 90291
      View Details
    • $1,200,000
      1,473 SF

      Venice Duplex Bungalow Opportunity

      Charming duplex near Abbot Kinney with ADU potential.
      544 Grand Blvd, Venice, CA 90291
      View Details
    • $2,225,000
      2,122 SF

      Venice Multifamily Property Near Abbot Kinney

      Updated home with rental unit and ADU potential near Abbot Kinney.
      830 Palms Blvd, Venice, CA 90291
      View Details
    • $2,695,000
      3,408 SF

      Venice Triplex Near the Beach

      Multifamily property near dining, shopping, and entertainment.
      241 Horizon Ave, Venice, CA 90291
      View Details
    • $4,950,000
      5,486 SF

      Venice Multi-Unit Compound with Views

      Architectural four-unit property in the heart of Venice.
      2452 Penmar Ave, Venice, CA 90291
      View Details
    • $2,675,000
      1,884 SF

      Venice Craftsman with Income Potential

      Architectural Craftsman near Venice Beach with three separate units.
      43 Dudley Ave, Venice, CA 90291
      View Details
    • $2,900,000
      2,801 SF

      Venice Triplex with ADU Plans

      Renovated Venice triplex with ADU plans near Abbot Kinney.
      1025 Pleasant View Ave, Venice, CA 90291
      View Details

    FAQs

    What type of property is this?
    Live-work space - Work/live space on Abbot Kinney with customization opportunities.
    Where is this live-work space located?
    The property is located at 1121 Abbot Kinney Blvd Venice, CA.
    What is the asking price?
    The asking price for this property is $2,199,000.
    What are key features of this property?
    This property features: - Prime Abbot Kinney location: Ideal for establishing a business presence on a dynamic and trendy street.; - Work/live opportunity with flexible customization options.; - **Rooftop deck overlooking Abbot Kinney, perfect for client meetings and events.**
    (818) 307-9983
    Request Owner's contact information
    1121 Abbot Kinney Blvd Venice, CA 90291
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1121 Abbot Kinney Blvd
    Venice, CA 90291
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1121 Abbot Kinney Blvd Venice, CA 90291
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Natasha Rezai
    (818) 307-9983
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!