x
Address
808 VENICE Venice, CA
Price
$ 2,300,000
Property Attributes
  • MLS#19535784
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • AreaVenice
  • Zip90291
  • Style
  • Price$ 2,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Enrique Viramontes with Remax Commercial and Investment Realty.
Property Description

Presenting a rare multifamily development opportunity in the ever popular Los Angeles submarket of Venice Beach. 808 Venice Blvd is currently comprised of a 2-office medical building situated on a 5,630 square foot R3-zoned lot allowing for the development of 7 residential units by right. The parcel boasts over 96 feet of Venice Blvd frontage with alley access at the rear. 808 Venice currently generates $9,550 per month in gross income, equating to gross annual income of $114,600. Tenants pay all utilities. Landlord is responsible for property taxes and landscape service. Although the property can be delivered vacant, the existing tenants offer a developer consistent income during the entitlement phase. Per the city of LA and the Venice Specific Plan, an owner is entitled to build up to 7 units by right on this parcel (buyer to verify). TOC designation may permit additional units.

Price History
12/9/2019 Listed $2,300,000

General Features

Co-Listing Agent Last Name Renshaw
Co-Listing Agent Last Name Robert
Co-Listing Agent State License # 01332831
Co-listing Agent Robert Renshaw - BRE#01332831
Directions Located near the intersection of Venice Blvd and Oakwood Ave
Listagentaor Beverly Hills/Greater LA
Listing Agent Enrique Viramontes - BRE#01372010
Listing Agent State License 01372010
MLS Area C11 - Venice
Source System CRMLS
Special Listing Conditions Standard
Total Units 2
Zoning LAR3

Interior Features

Total Stories 1

Exterior Features

Lot Size Source Other
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90291

Price
AVG $3.11M
$2.3M
Visits
AVG 20
58
Year Built
AVG 1945
1939

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