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1106 1108 Abbot Kinney Boulevard

Venice, CA 90291
  • $10,000,000
  • STATUS: Pending
  • ON SITE: 86 Days
  • MLS #: 24352389
Pending
$10,000,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1923
County:
Area:

School Ratings & Info

Listing Agent(s): Lee Laplante of Coldwell Banker Realty (310-457-6550)


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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-25T00:33:35.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/147049135
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1106 1108 Abbot Kinney Boulevard Venice, CA 90291

  • Price: $10,000,000
  • Status: Pending
  • On Site: 86 Days
  • MLS #: 24352389
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1923
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
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!
Exterior Features

Construction Materials StuccoWood Siding Entry Level 1 Lot Features Near Public Transit Open Parking Spaces 5 Parking Total 5 Roof FlatRolled/Hot Mop

Interior Features

Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Business Name Bazar & Pleasing Business Type Retail Buyer Financing Cash Disclosures Trust/Conservatorship Laundry Features None Lease Assignable YN No Lease Renewal Option YN No Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashConventional Special Listing Conditions Standard Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-25T00:33:35.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Lee Laplante of Coldwell Banker Realty (310-457-6550)