12034 Venice Boulevard
Los Angeles, CA 90066
$605,000.00 (-8.77%)
Active for $6,295,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 16,420 sqft
MLS | 24402237 |
Year Built | |
Property Type | |
County | Los Angeles |
Status | Active |
Active | $6,295,000 |
Structure Size | N/A sqft |
Lot Size | 16,420 sqft |
Beds | N/A |
Baths |
Description
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).
Listing information courtesy of: Oron Maher, Maher Commercial Realty 310-464-1453. *Based on information from the Association of REALTORS/Multiple Listing as of 12/24/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.