1327–1337
Abbot Kinney Boulevard
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1327–1337
Abbot Kinney Boulevard A N U N PA R A L L E L E D O F F E R I N G
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WELCOME TO
The Coolest Block in America GQ Magazine
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To seize this opportunity and
Michael H. Hernandez
become a part of the magic
Real Investments
that Abbot Kinney Boulevard
M 805.985.1000 michael@realinvestments.com
represents, connect with our
DRE# 00317670
exclusive listing agents. Don't miss out on investing in a property on one of the coolest streets in the entire country.
Peter H. Hernandez Douglas Elliman of California
M 310.990.5905 peter.hernandez@elliman.com DRE# 00411943
Jason Froehlich Douglas Elliman Commercial
M 310.266.9585 jason.froehlich@elliman.com DRE# 01009977
Steven Canchola Real Investments / Commercial Real Estate
M 805.258.2078 steven@realinvestments.com DRE# 01901722
Contents
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The Offering
Investment Details
Property Overview
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Area Overview
Rent Roll
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Current Tenants
The Offering Douglas Elliman and Real Investments proudly present a remarkable commercial real estate opportunity on Abbot Kinney Blvd, firmly in the heart of Venice Beach, CA. This unique investment on the "Coolest Block in America," as deemed by GQ Magazine, is a highly sought-after location in the heart of Venice's cultural crossroads. Abbot Kinney Blvd. is a place where artists, designers, and filmmakers converge, creating a community that is unlike any other and a dynamic environment for businesses to thrive. The street's undeniable charisma attracts a diverse clientele, ensuring a steady income stream for investors. The building's unique, historic architecture contributes to the street's distinctive character. This distinctiveness adds substantial value to the property, making it a rare find for investors looking for more than just bricks and mortar. This property offers untapped potential for repositioning, expansion, and value-add - allowing investors to further capitalize on the street's appeal with a range of various-term lease agreements. This property is your gateway to the unique charm and financial promise that this extraordinary street offers.
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Abbot Kinney Boulevard—one of L.A.’s only “walking” streets—has become a destination for shoppers in search of unique fashion and home décor finds. Retail Dive
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Investment Details and High-Points Trophy Location on the Best Part of the Block on the Best Street in America- GQ First Time on Open Market in 40+ Years Ten Separate High-Street, Retail Spaces in Two Separate Buildings In Excess of Approx. 11,000 RSF Rental Leases Provided by Ownership Value-Add opportunity for Increases to Market Rents World-Class area Tenancy with Unparalleled Foot and Street Traffic Counts Minutes from the Beach, Santa Monica, Playa del Rey, LAX Historically Low Vacancy Rates on Prime Abbot Kinney
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Property Overview 1327-1337 Abbot Kinney Boulevard Approx. 11,908 RSF Per Leases Provided by Seller Approx. 10,066 RSF Approx. 0.31 Acre ( 13,448 ft.) Lot Size 10 Separate Retail Spaces Property APN’s: 4239-027-009 & 4239-027-010 Built in 1923
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Site Map
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Floor Plan
1327-1335 ABBOT KINNEY BLVD, VENICE
CHECKOUT 18'8 X 5'6
DN
RESTROOM
5' X 5'
MECHANICAL CLOSET
ENTRY OFFICE 9'10 X 10'
UP
UP
FITTING ROOM
OFFICE 10' X 7'10 UP
STORAGE 8'7 X 22'
UP
FITTING ROOM
KITCHEN 13'10 X 13'11 OFFICE 5' X 7'2
RETAIL AREA 29'9 X 44'5
RETAIL AREA 29'1 X 38'3
RETAIL AREA 14'3 X 36'2
ROOM 14'4 X 33'9
FR
STORAGE 18'6 X 21'6
RESTROOM
RESTROOM
ENTRY
RESTROOM
RESTROOM
OFFICE 11'2 X 4'2
UP
RESTROOM
5'5 X 7'11
OFFICE 5'5 X 7'4
ENTRY
RESTROOM
RESTROOM
CHECKOUT 7'8 X 8'
RESTROOM
UP
5'5 X 8'9
UP
UP
RAMP RETAIL AREA 18'5 X 33'6 UP
RETAIL AREA 13'3 X 26'7
UP
RETAIL AREA 12'3 X 26'5
RETAIL AREA 13'2 X 26'8
VESTIBULE 12'5 X 37'6
RETAIL AREA 12'4 X 19'8
RETAIL AREA 13'5 X 27'1
RETAIL AREA 14' X 25'9
UP
RAMP
ENTRY
ENTRY
ENTRY
ENTRY
ENTRY DISPLAY
DISPLAY
DISPLAY
DISPLAY
DISPLAY
INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. CREATED BY FLOOR PLANS PROS (323) 403-5050
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ENTRY
ENTRY
VERANDA 21'9 X 5'3
ENTRY
DISPLAY
Parcel Map
1327 – 1337 Abbot Kinney Bloulevard, Venice, CA
Location Map
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...once we started looking in Venice, we fell in love. Abbot Kinney, specifically, was a street where we knew we wanted to be. Vanity Fair
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Abbot Kinney Boulevard is the only serious regional contender for Rodeo’s retail crown. Shoppers from far and wide make expeditions to stroll along the popular Venice high street. Vogue
Area Overview Venice was founded in 1905 by developer Abbot Kinney, who sought to create a "Venice of America" with canals and Italian-inspired architecture. Many of the original canals have since been filled in, but the spirit of Venice remains. Venice, California, and Abbot Kinney are two iconic and interconnected areas in the western part of Los Angeles. Together, they offer a blend of art, culture, and beachfront living, making them popular destinations for visitors and a unique community for residents in Los Angeles. Abbot Kinney is a bustling commercial street in the heart of Venice, named after the neighborhood's founder. Abbot Kinney Boulevard is renowned for its trendy boutiques, art galleries, and an array of restaurants, cafes, and bars. It's a hotspot for shopping and culinary experiences. The street hosts various events and festivals throughout the year, including the Abbot Kinney Festival, which celebrates the community and local businesses. Abbot Kinney is mostly known for its trendy and bohemian atmosphere, attracting a diverse crowd of locals and tourists, alike.
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Rent Roll
TENANT
LEASED SF
LEASE START DATE
LEASE END DATE
CURRENT BASE RATE PER FT
MONTHLY BASE RATE
NNN
Velvet
1,250
July 23
June 26
$16.26
$20,330.00
YES
ASA
555
June 17
June 26
$18.06
$10,000.00
YES
Allbirds
1,875
January 17
December 26
$16.39
$30,731.25
YES
Intelligentsia
2,210
July 8
June 28
$14.75
$32,595.00
YES
Art Unified
493
January 21
December 23
$15.21
$7,500.00
YES
John Fluevog
846
April 15
March 25
$13.50
$11,420.00
YES
Speir Pilates
1,300
July 23
May 25
$8.00
$10,400.00
YES
Guild
1,143
September 9
October 24
$17.69
$20,225.00
YES
Christy Dawn
1,700
May 21
April 24
$10.50
$17,845.00
YES
Illesteva
536
April 15
March 25
$20.13
$10,790.00
YES
Approx.
$171,836.25
11,908
MONTHLY
RSF*
$2,062,035.00 ANNUALLY
*Per Leases provided by Sellers. Recent professional measurements show the interior space at approx. 10,066 RSF.
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Current Tenants
Intelligentsia
John Fluevog
Art Unified
Intelligentsia Coffee is an American coffee roasting company and retailer founded in 1995 based in Chicago Illinois. In 2015, Peet's Coffee & Tea (itself part of JAB Holding Company) acquired a majority stake in the company.
John Fluevog is a Canadian shoe designer, opening his first store in 1970 with co-worker Peter Fox in Vancouver. Their shoes are designed in Vancouver and manufactured in Portugal, Mexico, Peru, China, and Vietnam.
Art Unified pushes the limits or art through pop-up exhibitions, art fairs, and much more. They help to narrow the gap between art creators and art lovers, providing talented artists different opportunities to reach new audiences.
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Illesteva
ASA
Allbirds
Founded in 2009, Illesteva's glasses are handmade in France, Italy, and Germany with the world's leading manufactures of luxury eyewear. Drawing from downtown NY and other industries, they are stocked by better retailers worldwide.
Asa is a women owned company, primarily operating in the Women's Clothing Stores business/industry within the Apparel and Accessory Stores sector. Asa Kaftan's estimated annual revenues is $1,000,000.
Allbirds is a designer, manufacturer, and marketer of footwear products, selling a variety of products for men, women, and kids through physical stores and online. It operates in the US, China, Hong Kong, the UK, and the Netherlands.
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Velvet
Christy Dawn
Guild
Velvet started with tee shirts embodying the laid-back luxe of LA Style, and have evolved into full collections. Velvet by Graham & Spencer can be found in boutiques and premier department stores nationwide and internationally.
Christy Dawn creates vintage-styled dresses with regenerative tapestry and its important threads — from insects and microorganisms to indigenous farming techniques and reciprocal relationships with those who tend the land.
Guild is a pioneer boutique offering a collection of high-end men's and women's casual fashion. With two locations, they have an impressive brand mix of Agolde jeans, coveted R13 pieces, one-of-a-kind refurbished vintage, and more.
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Speir Pilates Speir Pilates' co-founder Andrea Speir has been changing the pilates game for over 18 years. She exudes a love for Pilates, fitness and health and in addition to their Venice studio, they have a second location in West Hollywood.
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It’s where hipster meets bohemian. Where LA meets NYC, Portland and Chicago. Where cool meets urbane. Forbes
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Michael H. Hernandez
Peter H. Hernandez
Real Investments
Douglas Elliman of California
M 805.985.1000 michael@realinvestments.com
M 310.990.5905 peter.hernandez@elliman.com
DRE# 00317670
DRE# 00411943
Steven Canchola
Jason Froehlich
Real Investments / Commercial Real Estate
Douglas Elliman Commercial
M 805.258.2078 steven@realinvestments.com
M 310.266.9585 jason.froehlich@elliman.com
DRE# 01901722
DRE# 01009977
150 EL CAMINO DRIVE, SUITE 150, BEVERLY HILLS, CA 90212. 310.595.3888. DRE# 01947727. © 2023 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.