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RTI Permits 828 E Venice Blvd 3 Unit Apartment Building $4,000,000 ($1,333,333/Unit) Venice, CA 90291
Investment Highlights
- RTI DEVELOPMENT OPPORTUNITY
- EXCELLENT VENICE LOCATION CLOSE TO ABBOT KINNEY
- 115 Frontage
- CURRENTLY HIGHLY RENOVATED INCOME PRODUCING UNITS
- Highly visable corner lot
- EXISTING INVESTMENT/INCOME OPPORTUNITY
Executive Summary
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.
Property Facts
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4237-009-028 | Improvements Assessment | $433,000 |
| Land Assessment | $2,457,000 | Total Assessment | $2,890,000 |
Property Taxes
Parcel Number
4237-009-028
Land Assessment
$2,457,000
Improvements Assessment
$433,000
Total Assessment
$2,890,000
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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RTI Permits | 828 E Venice Blvd
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