1424 Abbot Kinney Boulevard | Venice, CA
Status: For Sale
Property Type: Retail Owner-User Property
Price: $7,900,000
Total Building Area: 3,268 SF
Pro Forma Cap Rate: 7.67%
Stabilized NOI: $569,545
www.1424AbbotKinney.com
Owner-User Opportunity
Marcus & Millichap, as exclusive advisor, is pleased to present this unique opportunity to purchase 1424, 1426, & 1428 Abbot Kinney Blvd (“the Property”), a 3,268 square foot retail property on one of the most famous streets in America. The Property consists of three separate structures on two adjacent parcels, with 60 feet of frontage on Abbot Kinney. Currently 23% leased on a month-to-month basis. 1424 Abbot Kinney presents an extremely rare flagship branding opportunity for the most discerning retailers. Additionally, value-add investors may execute a redevelopment strategy or renovation and lease up play to take advantage of dramatic rent growth on Silicon Beach’s most sought-after street.
Ideally located in the heart of Abbot Kinney Blvd, 1424 Abbot Kinney neighbors many of today’s hottest brands, iconic global retailers, renowned art galleries, and award winning restaurants frequented by LA’s celebrities and tech moguls. In addition to the highly educated and successful millennial-driven local population, the area attracts over 16 million annual visitors, creating a truly dynamic and vibrant street culture.
The Property offers the creative owner-user or investor with the perfect blank canvas to make their mark on the street that personifies LA.
