1601 West Venice Blvd

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$795,000

17 Beds 16 Baths

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Description

Development Opportunity ! Rare RTI project for a 100% affordable housing development in Mid-City LA. Plans approved for nine units (2 one-bed, 6 two-bed, 1 three-bed) plus 820 sq. ft. recreation room with ADU potential. Four-story, Type V construction, no parking required, individual gas/electric meters. Low-risk, high cash flow potential, ideal for government lease or LAHD sale. Prime location near Vermont and FWY, close to public transportation. Currently the lot is used as parking which pays $2000 monthly.

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Location

1601 West Venice Blvd, Los Angeles, CA 90006

Status

For Sale

Property Amenities

View additional property information below.

Interior

Appliances None

Total Bedrooms: 17

Area & Lot

Lot Area 4,070 Sq.Ft.

MLS® ID 25491007

Type Multi-Family

Status For Sale

Exterior

Air conditioning None

Heat type None

Parking None

Finance

Sales Price $795,000

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$795,000