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1015 Venice Boulevard

Los Angeles (City), CA 90015
  • $6,750,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: 24351739
UPDATED: 62 min ago
$6,750,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Listing Agent(s): Neema Ahadian of Marcus & Millichap (310-909-5500)


Description

1015 Venice Blvd is a trophy location in Venice, a vacant lot totaling13,061 SF of land zoned {Q}R4-1XL located on the corner of Superior Ave and Venice Blvd, just off Lincoln BlvdThe property will be delivered RTI, with plans in place to construct five-story building totaling 56 units; originally, the plans called for two levels of subterranean parking with 40 spaces, but ownership is in the process of reducing the parking to one level (contact agents for details)The plans in-place propose a unit mix made up of the following:15 Singles 389-422 SF1 Single ELI: 417 SF33 1+1's: 514-664 SF5 1+1's LI: 526-549 SF1 1+1+Den: 549 SF1 1+1+Den LI: 549 SFOffered at a low $517 PSF and $120,536 per buildable unit, rare opportunity for a significantly sized residential development with no tenant relocation required; six units set aside for affordable tenants with 50 market rate unitsIrreplaceable location just one mile down the street from Abbott Kinney Blvd, 1.5 miles from Marina del Rey, and an easy commute to Santa Monica and Playa VistaA mile and a half from the Venice boardwalk and beach; easy access to Abbott Kinney Blvd with premiere retail amenities such as Erewhon, Alfred Coffee, Gjelina, Piccolo Ristorante, Salt & Straw, Ray-Ban, Warby Parker, Allbirds, Faherty, Felix Trattoria, Neighbor, Away, and many othersHalf a mile from the Costco Wholesale center on Washington Blvd; just over a mile to the Villa Marina Marketplace with major retailers such as Yard House, Pavilions, AMC, Corepower, Equinox, DSW, Gelson's, Ruth's Chris, Ulta Beauty, among othersHigh walk score of 90, located steps from numerous Metro bus lines on Venice Blvd and Lincoln Blvd including the 3, R3, CC 2, CC 5, and 33 Metro Local LineLocated in the heart of Silicon Beach with major employment in the area including Google, Facebook/Meta, Bird, YouTube, Microsoft, EA, Snap Inc, stack commerce, ChowNow, among many others

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T16:36:34.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/146949391
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1015 Venice Boulevard Los Angeles (City), CA 90015

  • Price: $6,750,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 62 min ago
  • ID#: 24351739
0
Beds
0
Baths
0
½ Baths
0.3
Acres
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
1015 Venice Blvd is a trophy location in Venice, a vacant lot totaling13,061 SF of land zoned {Q}R4-1XL located on the corner of Superior Ave and Venice Blvd, just off Lincoln BlvdThe property will be delivered RTI, with plans in place to construct five-story building totaling 56 units; originally, the plans called for two levels of subterranean parking with 40 spaces, but ownership is in the process of reducing the parking to one level (contact agents for details)The plans in-place propose a unit mix made up of the following:15 Singles 389-422 SF1 Single ELI: 417 SF33 1+1's: 514-664 SF5 1+1's LI: 526-549 SF1 1+1+Den: 549 SF1 1+1+Den LI: 549 SFOffered at a low $517 PSF and $120,536 per buildable unit, rare opportunity for a significantly sized residential development with no tenant relocation required; six units set aside for affordable tenants with 50 market rate unitsIrreplaceable location just one mile down the street from Abbott Kinney Blvd, 1.5 miles from Marina del Rey, and an easy commute to Santa Monica and Playa VistaA mile and a half from the Venice boardwalk and beach; easy access to Abbott Kinney Blvd with premiere retail amenities such as Erewhon, Alfred Coffee, Gjelina, Piccolo Ristorante, Salt & Straw, Ray-Ban, Warby Parker, Allbirds, Faherty, Felix Trattoria, Neighbor, Away, and many othersHalf a mile from the Costco Wholesale center on Washington Blvd; just over a mile to the Villa Marina Marketplace with major retailers such as Yard House, Pavilions, AMC, Corepower, Equinox, DSW, Gelson's, Ruth's Chris, Ulta Beauty, among othersHigh walk score of 90, located steps from numerous Metro bus lines on Venice Blvd and Lincoln Blvd including the 3, R3, CC 2, CC 5, and 33 Metro Local LineLocated in the heart of Silicon Beach with major employment in the area including Google, Facebook/Meta, Bird, YouTube, Microsoft, EA, Snap Inc, stack commerce, ChowNow, among many others
Exterior Features

Parking Total 0 View None View YN No

Property Features

Association YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T16:36:34.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Neema Ahadian of Marcus & Millichap (310-909-5500)