Huge 350k Price Reduction! Once in a lifetime 100% Vacant & Updated Triplex 3 Units with preliminary plans for an additional 4th ADU unit on the World-Famous Abbot Kinney Blvd. Perfect Live/Work/Rent/Development/Airbnb Opportunity in the heart of Venice Beach which may be used as a Single Family House/Office/Retail as well since it's one structure. Amazing Current Cash flow at a 4.5% Cap Rate and 16.3 GRM once leased up with additional future ADU upside. Large 3,000 SF Lot C2-1 zoned Lot that may allow flexibility of commercial, retail, office, and residential uses. Perfect owner-user opportunity as well as a short-term vacation rental (Airbnb & Vrbo) potential to maximize income. Large Updated Double Car Garage in the back which may be used as Office/Gym with the potential to convert into 1 attached ADU unit plus additional open surface parking spaces accessible from the rear alley. The property is a minutes bike ride to the Beach, just steps away from all the fine Shopping & Dining on Abbot Kinney, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco.
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