Active

12034 Venice Blvd

Los Angeles CA, 90066

$6,900,000


$420.22 per sqft

Active

0.38 Acres

Land

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).

24-402237

MLS ID

June 10, 2024

Listed

June 10, 2024

Updated

Map

12034 Venice Blvd
Los Angeles CA, 90066

Exterior/Building Features

Lot Size

0.38 Acres

Other Property Details

Area Name

Palms - Mar Vista


Garage

No


View

Yes


View Description

Ocean


County

Los Angeles


Pool

No


Zoning

LAC2

Listed by Oron Maher with Maher Commercial Realty
Listing Contact: 310-464-1453 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor John Giddins shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/10/2024

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