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- LoopNet Team
12610 Venice Blvd
Los Angeles, CA 90066
Vencie Dozen - Entitled Small Lot Subdivision · Land For Sale · 0.34 AC
Investment Highlights
- Prime Location 2.3 Miles to the Beach
- Both Build-and-Hold and Build-and-Sell Exits are Viable
- Attainable Single Family Home Product Type
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.34 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.34 AC |
Description
Located between Lincoln Blvd. and Centinela Ave. just 2.3 miles to the beach, the entitled Venice Dozen development will afford a builder with the perfect opportunity to build an attractive quantity of large single-family SLO homes at one of the most supply constricted submarkets in the City of Los Angeles. Perhaps one of the most risk adverse opportunities in the market hedged against both entitlement and market risk due to its irreplaceable location and product type which offer both sell and rent options upon completion. A project of this format/size/locational quality is a near anomaly in today’s legislative and land-constrained environment. The proposed six-bedroom homes average 2,133 salable SF each with a potential valuation of $650/PSF. The land price of $4,750,000 approximately 28% of the potential gross project revenue potential.
zoning
| Zoning Code | R3-1 (medium density multifamily residential) |
| R3-1 (medium density multifamily residential) |
