$9,150,000
$10,500,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
0.76 Acres Lot
SOLD DATE : 09/30/2021
Key Details
Sold Price $9,150,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21764500
Sold Date 09/30/21
HOA Y/N No
Year Built 1962
Lot Size 0.764 Acres
Property Description
Prime redevelopment opportunity in one of the hottest real estate sub-markets in Los Angeles. Very RARE and impressive 33,269 square foot lot, with mixed C2 and R3 zoning allows for up to 41 residential units by right, with a possibility for 57 units with density bonuses/restrictions. Steps to Abbot Kinney, Venice Beach, and Marina Del Rey and close to Playa Del Rey with easy access to the 405 and 10 Freeways. High Walk-Score neighborhood (90), and good access to transit (transit-score of 55). Street to Street lot, with income coming in from the existing commercial building, and three (3) residential houses. Good income while developer assembles plans and entitlements. Approximately one mile to Venice beach and the Marina.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR3
Interior
Fireplace No
Others
Tax ID 4237026047
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Barry Kinyon • Sotheby's International Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States