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Abbot Kinney Residneces 881 Abbot Kinney blvd 130 Unit Apartment Building For Sale Venice, CA 90291
Investment Highlights
- Irreplaceable Coastal Location
- Luxury Residential in an Undersupplied Market
- Fully Built Subterranean Parking
Executive Summary
Abbot Kinney Residences is prominently situated at the intersection of two of Los Angeles' most sought-after retail corridors — Venice's Abbot Kinney Boulevard and Santa Monica's Main Street — two blocks from the beach. Formerly the home of the iconic World's Gym, the 0.68-acre site is located in one of the highest barrier-to-entry markets in the country.
Venice Beach welcomes approximately 10 million visitors annually. The market benefits from a broad mix of demand generators: destination retail and restaurants, proximity to major tech offices (Snapchat, Google, Riot Games, YouTube, and more), and some of LA's most affluent residents.
The seller has completed construction of the subterranean parking garage. Originally designed to accommodate a larger mixed-use program assembled across multiple sites, the garage was built at scale — and this project inherits that prime, fully built infrastructure. The subterranean parking garage structure is complete at core and shell — needing only stacker units to be operational — delivering tangible value in a neighborhood chronically underserved by public parking. Standalone operation as a public garage may require a change of use approval, which a buyer should vet with land use counsel.
Venice Beach welcomes approximately 10 million visitors annually. The market benefits from a broad mix of demand generators: destination retail and restaurants, proximity to major tech offices (Snapchat, Google, Riot Games, YouTube, and more), and some of LA's most affluent residents.
The seller has completed construction of the subterranean parking garage. Originally designed to accommodate a larger mixed-use program assembled across multiple sites, the garage was built at scale — and this project inherits that prime, fully built infrastructure. The subterranean parking garage structure is complete at core and shell — needing only stacker units to be operational — delivering tangible value in a neighborhood chronically underserved by public parking. Standalone operation as a public garage may require a change of use approval, which a buyer should vet with land use counsel.
Property Facts
| Sale Type | Investment | Building Class | A |
| Sale Condition | Redevelopment Project | Lot Size | 0.68 AC |
| No. Units | 130 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 166,400 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 130 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.68 AC |
| Construction Status | Proposed |
| Building Size | 166,400 SF |
| No. Stories | 5 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4286-012-047 | Improvements Assessment | $1,027,962 CAD |
| Land Assessment | $40,455,432 CAD | Total Assessment | $41,483,394 CAD |
Property Taxes
Parcel Number
4286-012-047
Land Assessment
$40,455,432 CAD
Improvements Assessment
$1,027,962 CAD
Total Assessment
$41,483,394 CAD
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Abbot Kinney Residneces | 881 Abbot Kinney blvd
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