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$ 6,895,000
Est. payment | /mo
$ 6,895,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25623853
HOA Y/N No
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 C11 - Venice
Zoning LAR4
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 4242001028
Special Listing Condition Standard
Listed by David Miller Miller & Desatnik Realty Co.