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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Investment properties
1641 Abbot Kinney Blvd, Venice, CA 90291-3744
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8805954
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1936
Construction
WOOD
Total area
3,618 SF
Lot
0.08 ac (3,570 SF)
Zoning code
LAM1
APN
4241-036-035
UPID
US09-8805954
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.39M
Owner & transaction history
Ht Abbot Kinney LLC · 2 yrs held
Ht Abbot Kinney LLC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
LAM1 · Venice, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,135,000
ML approach
$4,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,860,000
Current use
RETAIL STORES
$4,090,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±10% · vs last sale $4.50M (Sep 28 2023)
Last sale anchor
$4.50M
Sep 28 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,213 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$61,691
Tax year 2024
Assessed value
$5,101,500
Assessed 2024
Previous assessed
$5,101,500
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$4,500,000
Assessed improvement
$601,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1936
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
3,618 SF
Lot
0.08 ac (3,570 SF)
Zoning code
LAM1
APN
4241-036-035
UPID
US09-8805954
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Venice, CA
Zoning LAM1 · permitted uses
LAM1 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1936
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Ht Abbot Kinney LLC
Entity
Mailing address
23973 LONG VLY RD, HIDDEN HILLS, CA 91302-2423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Ht Abbot Kinney LLC
Exeter 18344 De LLC
Intrafamily Transfer
related
$9,000,000 · Howard Tenenbaum Family Trust
Feb 28, 2022
—
Exeter 18344 De LLC
—
Deed
related
$9,000,000 · Howard Tenenbaum Family Trust
Oct 14, 2021
—
Exeter 18344 De LLC
—
Deed
related
—
Aug 20, 2020
—
Exeter 18344 De LLC
Ak Venice Partners LLC
Quit Claim Deed
$1,000,000 · Jen 2018 Trust (it)
Nov 26, 2019
—
Exeter 18344 De LLC
—
Deed
related
$425,000 · Palisades Funding INC
Feb 19, 2019
—
Exeter 18344 De LLC
—
Deed
related
$2,426,688 · Ready Cap Subsidiary Reit I Ll
Mar 27, 2018
$4,500,000
Exeter 18344 De LLC
Gates Jonathan P Trust
Grant Deed
$2,650,500 · Readycap Com'l
Nov 26, 2008
—
Goodfader Debra Trust
Goodfader,debra
Quit Claim Deed
related
—
Sep 2, 2008
—
Gates Jonathan P Trust
Gates Mildred Trust
Quit Claim Deed
related
—
Jan 31, 2008
—
Jonathan P Gates
Gates Mildred Trust
Quit Claim Deed
related
—
Mar 25, 1993
$490,000
Gates,trust
West Washington
Grant Deed
—
Sep 5, 1991
$300,000
Washington West
Solomon,herbert
Trustees Deed
related
—
Mar 2, 1990
$441,000
Solomon Herbert
Windsor Exchange
Trustees Deed
$340,000 · West Washington
Mar 2, 1990
—
Herbert Solomon
Solom
Quit Claim Deed
related
—
Aug 17, 1988
$175,000
W Washington Pro
Argyropoulos,jam
Grant Deed
related
$150,000 · Argyropoulos Jam
—
—
Exeter 18344 De LLC
—
Loan Modification
related
$2,426,688 · Ready Cap Subsidiary Reit I Ll
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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