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5th Ave
0.12 Acres of Residential Land Offered at $2,750,000 in Venice, CA 90291
Executive Summary
We are pleased to present the opportunity to acquire a 3-unit Townhouse Development project. The property is in Venice, just off Abbott Kinney with proximity to Venice Beach, Marina Del Rey, Santa Monica, major employment centers, transportation hubs, restaurants, and recreational amenities. The area boasts a strong rental and sales market with historically low vacancy rates, making this a prime asset with a compelling blend of stability and growth potential.
The Seller has RTI plans to build one (1) four bed-three bath unit and two (2) three bed-three bath units with second floor balconies. Each Townhouse will have it's own private rooftop deck with a balcony and views. The property is separately metered for electricity, ensuring efficiency and control over utilities. There are seven parking spaces.
This is a prime investment opportunity with tons of upside and offers an exciting opportunity in one of Los Angeles’ most desirable neighborhoods.
The Seller has RTI plans to build one (1) four bed-three bath unit and two (2) three bed-three bath units with second floor balconies. Each Townhouse will have it's own private rooftop deck with a balcony and views. The property is separately metered for electricity, ensuring efficiency and control over utilities. There are seven parking spaces.
This is a prime investment opportunity with tons of upside and offers an exciting opportunity in one of Los Angeles’ most desirable neighborhoods.
Property Facts
| Price | $2,750,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.12 AC |
| No. Lots | 1 | Cross Streets | Broadway Ct |
| Property Type | Land |
| Price | $2,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.12 AC |
| Cross Streets | Broadway Ct |
1 Lot Available
Lot
| Price | $2,750,000 | Lot Size | 0.12 AC |
| Price Per AC | $23,036,456 |
| Price | $2,750,000 |
| Price Per AC | $23,036,456 |
| Lot Size | 0.12 AC |
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (99)
zoning
| Zoning Code | LARD1.5 (Restricted Density Multiple Dwelling Zone) |
| LARD1.5 (Restricted Density Multiple Dwelling Zone) |
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Presented by
Barry Sylvan Company
5th Ave
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