Updated Oct 1, 2026
Charles Southcott & Berneice Southcott Sell Retail Property On Abbot Kinney Boulevard For $8.35M
1315 Abbot Kinney Boulevard & 1317 Abbot Kinney Boulevard
$8,350,000
$5,291/SF
Building Size
1,578 SF
Asset Type
Retail
Closing
Sep 17, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 1315 & 1317 Abbot Kinney Boulevard in Venice. The sale price was $8,350,000, with a total square footage of approximately 2,838 and a price per square foot of $2,942. The land size measures 6,761 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,350,000
- Address: 1315 & 1317 Abbot Kinney Boulevard
- Market: Venice
- Seller: Charles Southcott & Berneice Southcott
- Buyer’s Representative: T.C. Macker & Woody Cook - WESTMAC Commercial Brokerage Company
- Seller’s Representative: Timothy Byrne - Compass
Key individuals involved in this deal include the sellers, Charles Southcott and Berneice Southcott, who facilitated the transaction, and the buyer's representatives, T.C. Macker and Woody Cook, along with the seller's representative, Timothy Byrne.
On the Map
$8,350,000
$5,291/SF
Retail
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Players
Venice Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93