12034 Venice Boulevard 4235024006
Los Angeles, CA, 90066
$6,295,000
Beds
0 Baths
SqFt
0.38 Acres
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Preliminary Plans in place to build up to 72 units, ready for Ministerial Approval, with only 7 income restricted units required. Parking is primary at or above grade, with only one subterranean parking level with 41 spaces. Level 1, on grade, will consist of Cafe and a restaurant to capitalize on the vibrant retail corridor surrounding the project, with 3 commercial spaces and 13 spaces for residents. Level 2 consists of 1 One-Bedroom apartment, 1 Studio apartment, a gym, and 25 parking spaces above grade for residents. Level 3 will consist of 2 two-bedroom units, 1 Studio Unit, and 12 One-Bedroom Units. Level 4-7 will consist of the remaining 55 units. Level 8 proposes a deck with a pool and pickleball court for residents to enjoy. Other amenities include a gym, courtyard, storage, and bicycle parking. The building’s height will give residents incredible views of the surrounding city, mountains, and the ocean.While finalizing the planning and permitting process, a buyer can collect approximately $29,000 of gross monthly income from the existing buildings with short term or month to month tenancies. (Project includes 12028-12034 Venice Blvd. APN #4235-024-005 and #4235-024-006).

Property Details

Price:
$6,295,000
MLS #:
24402237
Status:
Active
Baths:
0
Address:
12034 Venice Boulevard 4235024006
Type:
Land
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Jun 10, 2024
State:
CA
ZIP:
90066
Lot Size:
16,420 sqft / 0.38 acres (approx)
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12034 Venice Boulevard 4235024006
Los Angeles, CA