RTI Permits 828 E Venice Blvd 3 Unit Apartment Building $4,000,000 ($1,333,333/Unit) Venice, CA 90291

RTI DEVELOPMENT OPPORTUNITY Income Producing RTI development opportunity-land, entitlements and READY TO ISSUE (RTI) plans for an approximately 9,000 sq ft ultra modern apartment building. The planned 9-unit mix includes 8 (2 bedroom 2 bath) units and 1 (1 bedroom 2.5 bathroom) unit. The plans also include 2 additional single ADU units that can be legalized after certificate of occupancy is issued for a total of 11 rentable units. EXISTING INVESTMENT/INCOME OPPORTUNITY. The existing 3 renovated and upgraded units (see photos) have a net opporating income over $150,000 providing income until you are ready to build. Proposed project to on a highly visable corner lot with nearly 115' of frontage along Venice Blvd between Abbot Kinney and Lincoln Blvd.