1601 West Venice Boulevard

Los Angeles, CA 90006

$795,000

List Price

17

bed Beds

16

shower Baths

N/A sqft

straighten / sqft

calendar_month Built

Property Description

Development Opportunity ! Rare RTI project for a 100% affordable housing development in Mid-City LA. Plans approved for nine units (2 one-bed, 6 two-bed, 1 three-bed) plus 820 sq. ft. recreation room with ADU potential. Four-story, Type V construction, no parking required, individual gas/electric meters. Low-risk, high cash flow potential, ideal for government lease or LAHD sale. Prime location near Vermont and FWY, close to public transportation. Currently the lot is used as parking which pays $2000 monthly.

Listing Information

List Price $795,000
Status Active
MLS 25491007
Type Residential Income
Lot Size 4,070
Structure Size N/A
DOM 8
Courtesy Of Coldwell Banker Realty
Listing Agent Maria Samouha DRE#01770340

Interior Features

Total Bedroom
Bedrooms 17
Total Bathroom
Bathrooms 16
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Maria Samouha, Coldwell Banker Realty 310-595-5815. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 6th, 2025 at 1:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.