1310 Abbot Kinney Blvd Venice, CA 90291-3758
- Retail space
- 4,860 SF
- 0.12 lot acres
Current Use by Public Records
- Retail space
Property Details for 1310 Abbot Kinney Blvd
- Year built
- 1956
- Construction
- WOOD
- Lot size
- 0.12 lot acres
- Property size
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $19,475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $19,330,000
- 6.5%
- $19,695,000
- 7%
- $18,445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $20,230,000
- Geo Method
- $18,210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $15,925,000
- Retail
- $16,130,000
- Mixed-Use
- $16,560,000
- Hospitality
- $18,595,000
- Educational
- $19,305,000
- Residential Income
- $18,175,000
- Energy
- $17,430,000
- Income-Based Land
- $15,955,000
- Food Service
- $15,280,000
Location Insight
- Map
- Local Demand
- City
- Venice
- County
- Los Angeles
- State
- California
- Longitude
- -118.468
- Latitude
- 33.9909
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA