Venice, CA 90291,1106 1108 Abbot Kinney BLVD
Venice, CA 90291,1106 1108 Abbot Kinney BLVD
Venice, CA 90291,1106 1108 Abbot Kinney BLVD
Venice, CA 90291,1106 1108 Abbot Kinney BLVD
Venice, CA 90291,1106 1108 Abbot Kinney BLVD
Venice, CA 90291,1106 1108 Abbot Kinney BLVD
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$7,500,000

$10,000,000

25.0%
Est.Price: ?

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Est. payment /mo

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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