12
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$6,495,000
Est. payment /mo
0.3 Acres Lot
Price Dropped by $400K
1015 Venice Blvd Los Angeles, CA 90015
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25623853
Lot Size 0.300 Acres
Acres 0.2999
Property Description
PERMITS HAVE BEEN ISSUED AND PAID FOR, allowing a developer to begin construction on Day One. The project is engineered for no redesign cycles, no tenant relocations a true shovel-ready development. Approved plans call for a contemporary five-story, 56-unit multi family community elevated above one level of subterranean parking. Unit Mix Includes: *15 Singles 389-422 SF*1 ELI Single 417 SF*33 One-Bedrooms 541-664 SF*5 LI One-Bedrooms 526-549 SF*1 One-Bedroom + Den 549 SF*1 LI One-Bedroom + Den 549 SF The offering is priced at an attractive $529 per land SF and $123,125 per buildable unit, which includes approximately $450,000 IN PAID ARCHITECTURAL, STRUCTURAL AND MEP PLANS AND CITY PERMIT COSTS. With 50 market-rate units and six affordable set-asides, this is a rare chance to step directly into a high-value Westside development without entitlement uncertainty.
Location
State CA
County Los Angeles
Area Venice
Zoning LAR4
Exterior
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Listed by Miller & Desatnik Realty Co.
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