NOT LISTED FOR SALE

2727 Abbot Kinney Blvd Los Angeles, CA 90291

Venice Neighborhood
37 Beds
20 Baths
11,888 Sq Ft
0.31 Acres

Last Sold November 24, 2021

Last sale price $8,600,000 $723 Per Sq Ft

189 Days on Market

Highlights

  • 0.31 Acre Lot
  • Air Conditioning
  • Laundry Room
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Resident Manager or Management On Site
  • 4-minute walk to Triangle Park

About This Home

As of November 2021

Built in 1958, this garden-style 20-unit apartment complex consists of two structures, totaling 11,888 square feet of improvements and sits on a 13,555 square foot lot, zonedLAC2. There is a very attractive unit mix of one (1) studio/one-bath, one (1) Junior one-bedroom/one-bath and eighteen (18) two-bedroom/one-bath units. There is currently nine (9) vacant units. The property has been tastefully upgraded with13/20 units completely gutted and remodeled, copper pipes, new landscaping, exterior lighting, facade and concrete driveway. The seller has also completed the required seismic retrofitting. There are 6 parking spaces, secured entry and on-site laundry.

Last Agent to Sell the Property

Richard Ringer

Richard J. Ringer Inc. License #01238308 Listed on: 05/19/2021

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • Gated Home
  • Sprinkler System

Home Design

  • Copper Plumbing

Interior Spaces

  • 11,888 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 37 Bedrooms
  • Remodeled Bathroom
  • 20 Bathrooms

Parking

  • 6 Parking Spaces
  • Carport

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4229-013-039

Community Details

Overview

  • 2 Buildings
  • 20 Units

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1958 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 11888
  • Lot Acreage: 0.3066
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Electric
  • Bedrooms: 37
  • Bathroom Features: Remodeled
  • Laundry: Laundry Area
  • Total Bathrooms: 20.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 736.04

Exterior Features

  • Other Features: Full Copper Plumbing
  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 6

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Ceiling Fan, Air Conditioning
  • Heating: Wall Gas
  • Security: Gated, Resident Manager
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 26.47
  • Assessed Improvement Value: 1872720
  • Assessed Land Percent: 73.53
  • Assessed Land Value: 5202000
  • Total Assessed Value: 7074720
  • Assessor Parcel Number: 4229-013-039
  • Lot Size Area: 13356

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.56
  • Number Of Units: 20
  • Total Annual Expense: 213330
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $8,600,000 -1.7% $723 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
09/08/2021 09/08/21 Price Changed $8,750,000 -1.4% $736 / Sq Ft
05/19/2021 05/19/21 For Sale $8,875,000 -- $747 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard Ringer

    Seller's Agent in 2021

    Richard Ringer

    Richard J. Ringer Inc.

    (310) 666-3085

    2 in this area

    12 Total Sales

    Richard Ringer
    Section Image
  • Jon Swire

    Buyer's Agent in 2021

    Jon Swire

    The Agency

    (310) 948-2631

    1 in this area

    32 Total Sales

    Jon Swire
    Section Image
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Map

Source: The MLS

MLS Number: 21-734058

The MLS
California Los Angeles County Los Angeles 90291 Venice

2727 Abbot Kinney Blvd, Los Angeles, CA

This home is located at 2727 Abbot Kinney Blvd, Los Angeles, CA 90291 since 19 May 2021. This property was built in 1958. 2727 Abbot Kinney Blvd is a home located in Los Angeles County with nearby schools including Coeur D'Alene Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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