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Multi-Family

1209 6th Ave

1209 6th Ave, Venice, CA 90291

Listing Price: $1,300,000

Lot Size
0.11 acres
Price/Acre
$11,314,286
Land Type
Redevelopment
Buildable Square Feet
9,163

Investment Overview

Marcus & Millichap is proud to present this rare opportunity to build 2 units or homes at 1209 6th Avenue in Venice, California. Just one half mile from the world famous Venice Beach, this ideally located lot offers a total of 5,005 square feet of land (0.12 acres), and the RD1.5 zoning allows for 2 units or homes to be developed. The average new construction home in Venice sells for over $1,000 per square foot. With a max envelop of 9,163 sqft allowed on this lot, a developer could build (2) 4,000 square foot homes on this lot, and then expect those two homes to sell for nearly $4M each. This development opportunity is ideal for the local developer looking to tap into one of the strongest rental and home sale markets in the country, and also for a savvy developer who knows how to navigate around the coastal and historic commissions.

Investment Highlights

  • REO Sale
  • Prime Venice: Half Mile to Beach
  • Corner Lot w/ Alley Behind
  • Build 2 Small Lot Homes
  • Walk Score of 93

Exclusively Listed By

Financing By

Multi-Family

1209 6th Ave

Listing Price: $1,300,000

Lot Size
0.11 acres
Price/Acre
$11,314,286
Land Type
Redevelopment
Buildable Square Feet
9,163

Investment Highlights

  • REO Sale
  • Prime Venice: Half Mile to Beach
  • Corner Lot w/ Alley Behind
  • Build 2 Small Lot Homes
  • Walk Score of 93

Investment Overview

Marcus & Millichap is proud to present this rare opportunity to build 2 units or homes at 1209 6th Avenue in Venice, California. Just one half mile from the world famous Venice Beach, this ideally located lot offers a total of 5,005 square feet of land (0.12 acres), and the RD1.5 zoning allows for 2 units or homes to be developed. The average new construction home in Venice sells for over $1,000 per square foot. With a max envelop of 9,163 sqft allowed on this lot, a developer could build (2) 4,000 square foot homes on this lot, and then expect those two homes to sell for nearly $4M each. This development opportunity is ideal for the local developer looking to tap into one of the strongest rental and home sale markets in the country, and also for a savvy developer who knows how to navigate around the coastal and historic commissions.

Exclusively Listed By

Financing By

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