1601 West Venice Boulevard, Los Angeles, CA 90006

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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.


Interior Features

Bedroom Information
Bedrooms 17
Bathroom Information
Bathrooms 16
Interior Information
Cooling Type None

Listing Information

Address 1601 West Venice Boulevard
City Los Angeles
State CA
Zip 90006
County Los Angeles
Listing Agent Maria Samouha DRE #01770340
Courtesy Of Coldwell Banker Realty
List Price $795,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 4,070

Listing information courtesy of: Maria Samouha, Coldwell Banker Realty. *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.