Development Opportunity ! Rare RTI project for a 100% affordable housing development in Mid-City LA. Plans approved for nine units (2 one-bed, 6 two-bed, 1 three-bed) plus 820 sq. ft. recreation room with ADU potential. Four-story, Type V construction, no parking required, individual gas/electric meters. Low-risk, high cash flow potential, ideal for government lease or LAHD sale. Prime location near Vermont and FWY, close to public transportation. Currently the lot is used as parking which pays $2000 monthly.
Property Details
Price:
$795,000
MLS #:
25516591
Status:
Active
Baths:
0
Address:
1601 Venice #lot Boulevard 5056003025
Type:
Land
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jan 29, 2025
State:
CA
ZIP:
90006
Lot Size:
4,070 sqft / 0.09 acres (approx)
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- Address1601 Venice #lot Boulevard 5056003025 Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1601 Venice #lot Boulevard 5056003025
Los Angeles, CA
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