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12034 Venice Blvd

Los Angeles, CA 90066
  • $6,900,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 24-402237
UPDATED: 68 min ago
$6,900,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are proud to present for sale a 73-unit mixed-use Project in the downtown Mar Vista submarket of West LA. Built to an unprecedented eight stories, the finished project should offer unobstructed views on all sides starting on the 3rd floor up to the rooftop deck. The Project has all but 1 item needed to file for a ministerial entitlement that is exempt from CEQA. The project will be +/-62,000 SF of building spread out over 73 units (60 Units +13 ADUs); 66 Units will be Market Rate with only 7 VLI required. With 14 two-bedroom units and 59 one-bedroom units, build it and the tenants will come to enjoy the ocean-view rooftop deck. Sharing the same block as the Mar Vista Farmer's Market each Sunday, the property is surrounded by shops, nightlife, casual and fine dining. Mar Vista sits comfortably between Venice and Culver City with direct access to the 405 freeway just a few blocks east. This is an "A" location for a new multifamily development. The Project is clear of power line issues and has no encroachment interferences. The proposed project is statutorily exempt from CEQA and the entitlement is to be ministerial approved. While this is primarily a market rate project, the approval process is expedited similarly to the ED1 process for 100% affordable projects. By simultaneously engaging with City Planning and LADBS, a developer could foreseeably break ground within 12 months, much faster than a 100% market rate or TOC project. (Project includes 12028-12034 Venice Blvd. APN #4235-024-005 and #4235-024-006).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-24T17:43:29.617. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/151508199
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12034 Venice Blvd Los Angeles, CA 90066

  • Price: $6,900,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 68 min ago
  • MLS #: 24-402237
0
Beds
0
Baths
0
½ Baths
0.19
Acres
Neighborhood:
Palms - Mar Vista
County:
Los Angeles
Area:
Palms - Mar Vista
Property Description
We are proud to present for sale a 73-unit mixed-use Project in the downtown Mar Vista submarket of West LA. Built to an unprecedented eight stories, the finished project should offer unobstructed views on all sides starting on the 3rd floor up to the rooftop deck. The Project has all but 1 item needed to file for a ministerial entitlement that is exempt from CEQA. The project will be +/-62,000 SF of building spread out over 73 units (60 Units +13 ADUs); 66 Units will be Market Rate with only 7 VLI required. With 14 two-bedroom units and 59 one-bedroom units, build it and the tenants will come to enjoy the ocean-view rooftop deck. Sharing the same block as the Mar Vista Farmer's Market each Sunday, the property is surrounded by shops, nightlife, casual and fine dining. Mar Vista sits comfortably between Venice and Culver City with direct access to the 405 freeway just a few blocks east. This is an "A" location for a new multifamily development. The Project is clear of power line issues and has no encroachment interferences. The proposed project is statutorily exempt from CEQA and the entitlement is to be ministerial approved. While this is primarily a market rate project, the approval process is expedited similarly to the ED1 process for 100% affordable projects. By simultaneously engaging with City Planning and LADBS, a developer could foreseeably break ground within 12 months, much faster than a 100% market rate or TOC project. (Project includes 12028-12034 Venice Blvd. APN #4235-024-005 and #4235-024-006).
Exterior Features

Cross Streets Venice Blvd and Mountain View Ave. Lot Size Area 16420 View Description Ocean View YN Yes

Property Features

Cable YN No Disclosures None Sale Type Standard Source Lot Size Area Other Zoning LAC2

Listing provided courtesy of Oron Maher DRE# of Maher Commercial Realty: 310-464-1453.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-24T17:43:29.617. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210