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5500-5506 Venice Blvd - RTI Medical - Dental Development Opportunity 0.21 Acres of Commercial Land Offered at $1,495,000 in Los Angeles, CA 90019

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INVESTMENT HIGHLIGHTS

Excellent visibility on the corner of Venice/Houser
Convenient access to the 10 Freeway and major LA corridors

Strong traffic counts

EXECUTIVE SUMMARY

AUCTION STYLE BIDDING BEGINS!!!! SUBMIT YOUR HIGHEST AND BEST NOW!!!! THERE IS NO DUE DATE!!!!! ORIGINALLY LISTED AT $2,500,000! MINIMUM ACCEPTABLE OPENING BID IS $1,495,000 SUBJECT TO SELLERS NON DISCLOSED RESERVE PRICE! Exceptional Mid-City development opportunity! Exceptional Mid-City development opportunity! Fully RTI plan set approved for a medical facility at the corner of Venice & Hauser. Project includes architectural drawings and permits ready to issue no entitlement delays. Prime LAC2 zoning with excellent visibility, strong traffic counts, and convenient access to the 10 Freeway and major Los Angeles corridors. Large 8,972 SF lot currently in an Opportunity Zone. Total parking: 14 spaces, including 1 handicap space and 3 bicycle parking.

5500 Venice Blvd Binder1 copy

PROPERTY FACTS

Price	$1,495,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Retail Office Healthcare
Sale Condition	Build to Suit	Total Lot Size	0.21 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	(Q) C2 - 1VL - Commercial

Price	$1,495,000
Sale Type	Investment or Owner User
Sale Condition	Build to Suit
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Healthcare
Total Lot Size	0.21 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	(Q) C2 - 1VL - Commercial

1 LOT AVAILABLE

Lot

Price	$1,495,000	Lot Size	0.21 AC
Price Per AC	$7,258,373.83

Price	$1,495,000
Price Per AC	$7,258,373.83
Lot Size	0.21 AC

DESCRIPTION

Exceptional Mid-City development opportunity! Fully RTI plan set approved for a medical facility at the corner of Venice & Hauser. Project includes architectural drawings and permits ready to issue no entitlement delays. Prime LAC2 zoning with excellent visibility, strong traffic counts, and convenient access to the 10 Freeway and major Los Angeles corridors. Large 8,972 SF lot currently in an Opportunity Zone. Total parking: 14 spaces, including 1 handicap space and 3 bicycle parking.