Description
INCOME PRODUCING RTI DEVELOPMENT OPPORTUNITY. Land, entitlements and Ready to Issue (RTI) plans for an approximately 9,000 square foot, 9 unit, ultra modern apartment building on a highly visible corner lot along a prime section of Venice Blvd near Abbot Kinney. Planned unit mix is 8, 2 bedroom, 2 bathroom units and 1, 1 bedroom 2.5 bathroom unit. Plans also include 2 single ADU's that can be legalized after Certificate of Occupancy is issued for a total of 11 rentable units. OWNER RECENTLY UPDATED/RENOVATED EXISTING UNITS W PERMITS. FIRST EXTENSION OF APPROVAL HAS BEEN FILED AND EXTENDED FOR ONE YEAR (REPEATABLE PROCESS FOR ADDITIONAL EXTENSIONS) AND PAPERWORK IS FILED FOR AN ADU.
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7BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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3,104SQFT
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$1,244$/SQFT
School Ratings & Info
Description
INCOME PRODUCING RTI DEVELOPMENT OPPORTUNITY. Land, entitlements and Ready to Issue (RTI) plans for an approximately 9,000 square foot, 9 unit, ultra modern apartment building on a highly visible corner lot along a prime section of Venice Blvd near Abbot Kinney. Planned unit mix is 8, 2 bedroom, 2 bathroom units and 1, 1 bedroom 2.5 bathroom unit. Plans also include 2 single ADU's that can be legalized after Certificate of Occupancy is issued for a total of 11 rentable units. OWNER RECENTLY UPDATED/RENOVATED EXISTING UNITS W PERMITS. FIRST EXTENSION OF APPROVAL HAS BEEN FILED AND EXTENDED FOR ONE YEAR (REPEATABLE PROCESS FOR ADDITIONAL EXTENSIONS) AND PAPERWORK IS FILED FOR AN ADU.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.