$1,949,999
$50K PRICE DROP

2616 Abbot Kinney Blvd Venice, CA 90291

Venice Neighborhood

Estimated payment $11,721/month

Total Views 18,856
2 Beds
2 Baths
1,283 Sq Ft
$1,520 Price per Sq Ft

Highlights

  • Engineered Wood Flooring
  • Fenced Yard
  • Double Vanity
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Front Porch
  • Walk-In Closet

About This Home

Incredible investment and income producing bungalow with immediate income over 4% on the iconic Abbot Kinney Blvd, where modern luxury meets coastal charm. This 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 a new 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 potential RTI plans for an impressive modern 3-story home. 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 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.

Listing Agent

Timothy Di Prizito

Christie's International Real Estate SoCal License #01433017 Listed on: 03/21/2025

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,982

Year Built

  • Built in 1914 | Remodeled

Lot Details

  • 4,593 Sq Ft Lot
  • West Facing Home
  • Fenced Yard
  • Landscaped
  • Property is zoned LAR3

Home Design

  • Bungalow
  • Turnkey
  • Raised Foundation

Interior Spaces

  • 1,283 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Decorative Fireplace
  • Living Room
  • Dining Area
  • Engineered Wood Flooring
  • Property Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms
  • Double Vanity

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Outdoor Features

  • Open Patio
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Water Purifier
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4237-020-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,982

Year Built

Built in 1914 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Main Level
  • Living Area: 1283
  • Lot Acreage: 0.1054
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1914
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Turnkey, Recessed Lighting
  • Fireplace Rooms: Decorative
  • Flooring: Engineered Hardwood
  • Appliances: Oven-Gas, Cooktop - Gas
  • Bedrooms: 2
  • Bedroom Features: WalkInCloset
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Double Vanity(s)
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Ice Maker, Garbage Disposal, Water Filter, Washer, Range/Oven, Refrigerator
  • Price Per S Q F T: 1519.87

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Patio: Porch - Front, Patio Open, Concrete Slab
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Uncovered
  • Total Parking: 3

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: 4237-020-030
  • Lot Description: Back Yard, Fenced, Fenced Yard, Front Yard, Landscaped, Single Lot, Yard
  • Lot Size Area: 4593

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 19.61
  • Number Of Units: 1
  • Total Annual Expense: 27589
  • Type Of Units: 1
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,982 $1,340,805 $1,072,646 $268,159
2024 $15,982 $1,314,515 $1,051,614 $262,901
2023 $15,673 $1,288,742 $1,030,995 $257,747
2022 $14,941 $1,263,474 $1,010,780 $252,694
2021 $14,759 $1,238,701 $990,961 $247,740
2019 $824 $60,157 $46,124 $14,033
2018 $769 $58,978 $45,220 $13,758
2016 $721 $56,690 $43,465 $13,225
2015 $711 $55,840 $42,813 $13,027
2014 $723 $54,747 $41,975 $12,772
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2025 06/08/25 Price Changed $1,949,999 -2.5% $1,520 / Sq Ft
03/21/2025 03/21/25 For Sale $1,999,999 0.0% $1,559 / Sq Ft
02/24/2025 02/24/25 Rented $8,500 0.0% --
02/18/2025 02/18/25 Off Market $8,500 -- --
02/14/2025 02/14/25 For Rent $8,500 0.0% --
02/12/2025 02/12/25 Off Market $8,500 -- --
02/03/2025 02/03/25 For Rent $8,500 +13.3% --
01/16/2024 01/16/24 Rented $7,500 0.0% --
10/26/2023 10/26/23 For Rent $7,500 0.0% --
12/16/2019 12/16/19 Sold $1,300,000 0.0% $1,013 / Sq Ft
12/16/2019 12/16/19 Sold $1,300,000 -5.5% $1,013 / Sq Ft
11/12/2019 11/12/19 Pending -- -- --
11/12/2019 11/12/19 Pending -- -- --
10/07/2019 10/07/19 Price Changed $1,375,000 0.0% $1,072 / Sq Ft
10/07/2019 10/07/19 Price Changed $1,375,000 -11.3% $1,072 / Sq Ft
09/04/2019 09/04/19 For Sale $1,550,000 0.0% $1,208 / Sq Ft
08/19/2019 08/19/19 Price Changed $1,550,000 -7.5% $1,208 / Sq Ft
08/02/2019 08/02/19 For Sale $1,675,000 0.0% $1,306 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $1,675,000 -- $1,306 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,226,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Southland Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $980,800 New Conventional
Previous Owner $938,250 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $240,000 Unknown
Previous Owner $145,000 New Conventional
Previous Owner $21,500 Stand Alone Second
Previous Owner $21,500 Stand Alone Second
Previous Owner $44,000 Unknown
Source: Public Records

Source: The MLS

MLS Number: 25511457

The MLS

APN: 4237-020-030