Venice, CA 90291,1106 1108 Abbot Kinney BLVD
Venice, CA 90291,1106 1108 Abbot Kinney BLVD
Venice, CA 90291,1106 1108 Abbot Kinney BLVD
$7,500,000
Est. payment /mo
$10,000,000
25.0%
Est.Price: ?

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4,051 Sqft Lot
SOLD DATE : 05/08/2024

Key Details

Sold Price $7,500,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24352389

Sold Date 05/08/24

HOA Y/N No

Year Built 1923

Lot Size 4,051 Sqft

Property Description

Trophy Retail Property located in the hippest neighborhood on "The Best Shopping Street in America" per Vogue Magazine. Owner / User or Investment opportunity. First time on market in 50 years, sold "As-Is". Original 1923 single-story, stand-alone building, approx. 3,054 sq. ft., with 2 Retail Units, 1108 and 1108-C. Space for approx. 5 parking spots in rear. Lot size shows 4,050 sq. ft. per Assessor and Title Co. Building includes a partial mezzanine. 1108 has 1 full restroom in rear, 1108-C has 1 full restroom upstairs and a half bath downstairs. Building has 2.5 bathrooms total. Bazar, a 25-year Tenant, has a lease which terminates on 05/31/24 and currently pays under market at $14k a mo. The Pleasing, currently in 1108 is a Harry Styles owned Company and a "Pop-Up" store, with a lease terminating 02/29/24, paying $38k per mo. Property to be delivered vacant at COE. Immediate Retail neighbors include Rag & Bone, Away, Lulu Lemon, Vuori, Doc Martens, Le Labo Fragrances, an Estee Lauder Co., Blue Star Coffee, The Butchers Daughter, etc. This is an opportunity to own a piece of cultural history in a highly desirable, iconic, upscale area, with a very high walk score, near the ocean, seeped in a rich, bohemian tradition of art, music, creativity, shopping and dining. Carpe diem!

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LAC2

Interior

Heating Wall Furnace

Fireplace No

Laundry None

Exterior

Roof Type Flat,Rolled/Hot Mop

Total Parking Spaces 5

Building

Lot Description Near Public Transit

Story 5

Others

Tax ID 4238003004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Lee LaPlante • Coldwell Banker Realty
Bought with Subscriber Non • Non-Participant Office

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Adrian Castillo

+1(209) 380-7597

Principal/Realtor | CA DRE#01308935

Principal/Realtor CA DRE#01308935

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