705 Broadway St - Two-Unit Venice Development 2 Unit Apartment Building Offered at $1,999,900 in Venice, CA 90291
INVESTMENT HIGHLIGHTS
- Development Opportunity For Two Units
- RD1.5 Zoning
- Minutes From Pacific Coast Hwy (1) & 10 Freeway
- Desirable Venice Location
- Walking Distance To Venice Boardwalk, Venice Beach & Abbot Kinney Shopping
EXECUTIVE SUMMARY
705 Broadway Street is multifamily development under construction in the Venice neighborhood of Los Angeles. The completed development will include two 3-story small-lot houses on one parcel. Plans show Unit 1 area equaling 2,879 SF per zoning and 3,535 SF per building code, and Unit 2 area equaling 2,480 SF per zoning and 3,061 SF per building code. The plans are for the houses to be built side by side. However, the house in development facing east has burned down. The development is situated on a ±4,630 SF lot with RD 1.5 Zoning. Centrally located in a very walkable neighborhood. 705 Broadway St is very close to grocery stores, fine dining restaurants and other conveniences along Lincoln Blvd & Abbot Kinney Blvd.
PROPERTY FACTS
| Price | $1,999,900 |
| Price Per Unit | $999,950 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Construction Status | Under Renovation |
| Building Size | 6,596 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | RD 1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
1 of 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (88)
