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Multi-Family

Venice.1015

1015 Venice Blvd., Los Angeles, CA 90291

Listing Price: $6,750,000

Lot Size
0.30 acres
Price/Acre
$22,512,059
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present a trophy location in Venice, a vacant lot totaling 13,061 SF of land zoned {Q}R4-1XL located on the corner of Superior Ave and Venice Blvd, just off Lincoln Blvd.

The 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 SF
1 Single ELI: 417 SF
33 1+1’s: 514-664 SF
5 1+1’s LI: 526-549 SF
1 1+1+Den: 549 SF
1 1+1+Den LI: 549 SF

Offered 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 units.

Irreplaceable 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 Vista.

A 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 others.

Half 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 others.

High 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 Line.

Located in the heart of Silicon Beach with major employment in the area including Google, Facebook/Meta, Bird, YouTube, Microsoft, EA, Snap Inc, stackcommerce, ChowNow, among many others.

Investment Highlights

  • The property will be delivered RTI, with plans in place to construct five-story building totaling 56 units.
  • The plans in-place propose a unit mix made up of the following: 15 Singles – 389-422 SF, 1 Single ELI: 417 SF, 33 1+1's: 514-664 SF, 5 1+1's LI: 526-549 SF, 1 1+1+Den: 549 SF, 1 1+1+Den LI: 549 SF,
  • Offered at a low $517 PSF and $120,536 per buildable unit, rare opportunity for a significantly sized residential development with no tenant relocation required.

Exclusively Listed By

Financing By

Multi-Family

Venice.1015

Listing Price: $6,750,000

Lot Size
0.30 acres
Price/Acre
$22,512,059
Land Type
Redevelopment

Investment Highlights

  • The property will be delivered RTI, with plans in place to construct five-story building totaling 56 units.
  • The plans in-place propose a unit mix made up of the following: 15 Singles – 389-422 SF, 1 Single ELI: 417 SF, 33 1+1's: 514-664 SF, 5 1+1's LI: 526-549 SF, 1 1+1+Den: 549 SF, 1 1+1+Den LI: 549 SF,
  • Offered at a low $517 PSF and $120,536 per buildable unit, rare opportunity for a significantly sized residential development with no tenant relocation required.

Investment Overview

Marcus & Millichap is pleased to present a trophy location in Venice, a vacant lot totaling 13,061 SF of land zoned {Q}R4-1XL located on the corner of Superior Ave and Venice Blvd, just off Lincoln Blvd. The 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 SF 1 Single ELI: 417 SF 33 1+1’s: 514-664 SF 5 1+1’s LI: 526-549 SF 1 1+1+Den: 549 SF 1 1+1+Den LI: 549 SF Offered 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 units. Irreplaceable 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 Vista. A 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 others. Half 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 others. High 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 Line. Located in the heart of Silicon Beach with major employment in the area including Google, Facebook/Meta, Bird, YouTube, Microsoft, EA, Snap Inc, stackcommerce, ChowNow, among many others.

Exclusively Listed By

Financing By

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