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705 Broadway St - Two Lot Subdivision Opportunity 2 Unit Apartment Building Offered at $1,690,000 Venice, CA 90291
Investment Highlights
- Development Opportunity For Two Units
- RD1.5 Zoning
- Minutes From Pacific Coast Hwy (1) & 10 Freeway
- Desirable Venice Location
- Walking Distance To Venice Boardwalk, Venice Beach & Abbot Kinney Shopping
Executive Summary
705 Broadway Street is a two-lot subdivision development under construction in Venice. The completed development will include two 3-story small lot houses each on their own parcel. Plans show Unit 1 area equaling 2,879 SF per zoning and 3,535 SF per building code, and Unit 2 area equaling 2,480 SF per zoning and 3,061 SF per building code. The plans are for the houses to be built side by side. However, the house in development facing east has burned down. The development is situated on a +/-4,630 SF lot with RD 1.5 Zoning. Centrally located in a very walkable neighborhood. 705 Broadway Street is very close to grocery stores, fine dining restaurants and other conveniences along Lincoln Blvd & Abbot Kinney Blvd.
Property Facts In Escrow
| Price | $1,690,000 | Building Class | B |
| Price Per Unit | $845,000 | Lot Size | 0.10 AC |
| Sale Type | Investment | Construction Status | Under Renovation |
| Sale Condition | Deferred Maintenance | Building Size | 6,596 SF |
| No. Units | 2 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2025 |
| Zoning | RD 1.5 | ||
| Price | $1,690,000 |
| Price Per Unit | $845,000 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Construction Status | Under Renovation |
| Building Size | 6,596 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | RD 1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 4239-013-002 | Improvements Assessment | $616,000 |
| Land Assessment | $1,450,000 | Total Assessment | $2,066,000 |
Property Taxes
Parcel Number
4239-013-002
Land Assessment
$1,450,000
Improvements Assessment
$616,000
Total Assessment
$2,066,000
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705 Broadway St - Two Lot Subdivision Opportunity
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