Apartment

FOR SALE


12028-12034 W. Venice Blvd., Los Angeles, CA 90066

List Price

$6,295,000

Buildable Units.

72

Land Sq.Ft

16,420

Price Per Buildable Door

$87,430

Zoning

LAC2

Property Highlights

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.

Want More Details?

FOR MORE INFORMATION PLEASE CONTACT


Oron Maher

Broker-Director, Esquire

Maher Commercial Realty

310.464.1453

[email protected]

BRE# 01299093

Jeremy Shore
Senior Investment Advisor


Maher Commercial Realty

310.464.1456

[email protected]

BRE# 02020539

Office: Los Angeles

Call (310) 464-1453