$910,000
$1,300,000
30.0%For more information regarding the value of a property, please contact us for a free consultation.
4,791 Sqft Lot
SOLD DATE : 12/17/2021
Key Details
Sold Price $910,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21773898
Sold Date 12/17/21
HOA Y/N No
Lot Size 4,791 Sqft
Acres 0.11
Property Description
We are 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.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Fireplace No
Exterior
View Y/N No
View None
Others
Senior Community No
Tax ID 4239026001
Special Listing Condition Real Estate Owned
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Bought with Filip Niculete • Marcus & Millichap
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