1637 Abbot Kinney Blvd

Location Overview

Abbot Kinney Boulevard, a bustling commercial corridor with heavy foot traffic in Venice, CA. The street features world-renowned restaurants, boutique stores, art galleries, wine shops and a growing selection of nightlife establishments. Its classic look, gentle ocean breeze, and relaxed attitude comprise a highly appealing package for locals, tourists and investors.

• The property occupies one of the best blocks on the desired side of the street.
• Abbot Kinney Blvd. is this popular neighborhood’s high street for shopping and dining.
• Venice is one of the most sought after places to work and live in Los Angeles. Coastal Los Angeles’ (Silicon Beach) rental rates and values are soaring.
• Silicon Beach is second largest home to tech companies in California.

Venice is a beachfront community on the Westside of Los Angeles. It is bordered by Santa Monica to the north, Marina Del Rey to the south and Culver City to the east. It was founded in 1905 by tobacco millionaire Abbot Kinney as a seaside resort. Today it is known for its famed canals, the boardwalk on the Ocean Front Walk, the restaurants and shops on Abbot Kinney, its funky artist and skate/surf culture.
• Venice is the 2nd largest tourist attraction in Southern California after Disneyland
• Over 16 million annual visitors with the largest portion in the ages 25 and 34
• 62% of visitors have an average income over $50,000
• 44% of visitors are from outside of Southern California

Property Highlights

This is an opportunity for either a tenant, an owner-operator or an investor to operate and/or own a prime piece of highly sought after restaurant real estate on Abbot Kinney Boulevard, one of Los Angeles’s most walkable streets, located in the heart of the West Los Angeles neighborhood of Venice.

The subject property was home to the very successful restaurant Wabi-Sabi for 20 years. Three years ago the space was beautifully updated and business was booming more than ever. Unfortunately in December 2018 the rear portion of the building was burned beyond repair.

Currently the ownership is in the process of entitling and permitting the building. The plans call for a 2,731 square foot restaurant with 141 on-site seats with a full line of alcohol.

Estimated Delivery Timelime:

End of Q1, 2020- Building Permits for Core & Shell
Q2, 2020- Entitlement approval for restaurant with full alcohol license
Tenant Improvement Permits- Can commence upon Entitlement approval