Thank you
Neema Ahadian
Marcus & Millichap
310-909-5500
1015 Venice Blvd is a trophy location in Venice, a vacant lot totaling13,061 SF of land zoned {Q}R4-1XL located on the corner of Superior Ave and Venice Blvd, just off Lincoln BlvdThe property will be delivered RTI, with plans in place to construct five-story building totaling 56 units; originally, the plans called for two levels of subterranean parking with 40 spaces, but ownership is in the process of reducing the parking to one level (contact agents for details)The plans in-place propose a unit mix made up of the following:15 Singles 389-422 SF1 Single ELI: 417 SF33 1+1's: 514-664 SF5 1+1's LI: 526-549 SF1 1+1+Den: 549 SF1 1+1+Den LI: 549 SFOffered at a low $517 PSF and $120,536 per buildable unit, rare opportunity for a significantly sized residential development with no tenant relocation required; six units set aside for affordable tenants with 50 market rate unitsIrreplaceable location just one mile down the street from Abbott Kinney Blvd, 1.5 miles from Marina del Rey, and an easy commute to Santa Monica and Playa VistaA mile and a half from the Venice boardwalk and beach; easy access to Abbott Kinney Blvd with premiere retail amenities such as Erewhon, Alfred Coffee, Gjelina, Piccolo Ristorante, Salt & Straw, Ray-Ban, Warby Parker, Allbirds, Faherty, Felix Trattoria, Neighbor, Away, and many othersHalf a mile from the Costco Wholesale center on Washington Blvd; just over a mile to the Villa Marina Marketplace with major retailers such as Yard House, Pavilions, AMC, Corepower, Equinox, DSW, Gelson's, Ruth's Chris, Ulta Beauty, among othersHigh walk score of 90, located steps from numerous Metro bus lines on Venice Blvd and Lincoln Blvd including the 3, R3, CC 2, CC 5, and 33 Metro Local LineLocated in the heart of Silicon Beach with major employment in the area including Google, Facebook/Meta, Bird, YouTube, Microsoft, EA, Snap Inc, stack commerce, ChowNow, among many others
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2999
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 13062
Original List Price: 6,750,000
Listing Contract Date: 2024-01-08
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4242001028
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C11 - Venice
Directions: 1015 Venice blvd is located on the corner ofSuperior Ave and Venice Blvd, just off Lincoln Blvd.
Zoning: LAR4
Source Property Type: Land
Area: C11 - Venice
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
900 W Olympic Boulevard.., Los Angeles, CA,90015 | $1,150,000 | 1 | 2 | 1,150 | 399281 Sqft |
900 W Olympic Boulevard.., Los Angeles, CA,90015 | $2,750,000 | 3 | 3 | 2,440 | 399281 Sqft |
1100 S Hope Street #510, Los Angeles, CA,90015 | $620,000 | 1 | 1 | 1,048 | 41205 Sqft |
900 W Olympic Boulevard.., Los Angeles, CA,90015 | $2,380,000 | 2 | 3 | 2,010 | 399281 Sqft |
939 S Broadway #304, Los Angeles, CA,90015 | $625,000 | 1 | 1 | 750 | 15500 Sqft |
1155 S Grand Avenue #101, Los Angeles, CA,90015 | $1,749,999 | 2 | 3 | 2,381 | -- |
1111 S Grand Avenue #518, Los Angeles, CA,90015 | $1,300,000 | 2 | 2 | 2,070 | 38813 Sqft |
900 W Olympic Boulevard.., Los Angeles, CA,90015 | $1,549,000 | 2 | 3 | 1,700 | 399281 Sqft |
1703 Toberman Street, Los Angeles, CA,90015 | $1,275,000 | -- | -- | 2,730 | 3509 Sqft |
330 W 11th Street #102, Los Angeles, CA,90015 | $1,040,000 | 2 | 2 | 1,550 | 18472 Sqft |
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ByOwner last updated this listing 05/12/2024 @ 14:29
MLS: 24351739
LISTED BY: Neema Ahadian, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.