Listing Courtesy of Enrique Viramontes with Remax Commercial and Investment Realty
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RE/MAX Commercial & Investment Realty is pleased to present a rare multifamily development opportunity in the ever popular Los Angeles submarket of Venice Beach. 808 Venice Blvd is currently comprised of a 2-office medical building situated on a 5,630 square foot R3-zoned lot allowing for the development of 7 residential units by right. The parcel boasts over 96 feet of Venice Blvd frontage with alley access at the rear. 808 Venice currently generates $9,550 per month in gross income, equating to gross annual income of $114,600. Tenants pay all utilities. Landlord is responsible for property taxes and landscape service. Although the property can be delivered vacant, the existing tenants offer a developer consistent income during the entitlement phase. Per the city of LA and the Venice Specific Plan, an owner is entitled to build up to 7 units by right on this parcel (buyer to verify). TOC designation may permit additional units.

Address: 808 VENICE
State: CA
City: Venice
County: Los Angeles
Zip Code: 90291
MLS#: 19534614
MLS Area: Venice (C11)

Price History

Date Price Event Change MLS#:
12/4/2019 $2,300,000 List Price -23.21% 19534614
11/19/2018 $2,995,000 List Price 15.41% 18408524
2/1/2018 $2,595,000 List Price 12.83% 18308938
11/5/2017 $2,300,000 List Price 17272000

Nearby Schools

Venice Lutheran School(K-8)
Coeur D'alene Avenue Elementary School(Preschool-5)
Acton Academy Venice Beach(2-12)
St. Mark School(Preschool-8)
Broadway Elementary School(K-5)5
Westminster Avenue Elementary School(K-5)
Venice Lutheran School(K-8)
Acton Academy Venice Beach(2-12)
St. Mark School(Preschool-8)
Mark Twain Middle School(6-8)
Acton Academy Venice Beach(2-12)
Animo Venice Charter High School(9-12)3

Interior Details

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Exterior Details

  • Home Construction
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  • WaterFront:Yes
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  • Pool:No
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  • View:Any View

Community Details

  • HOA:N $0/mo
    Fees Include:
  • Misc:Standard Sale

Rental Information

  • Rental Income:$0
  • Rental Number:0

Associated Agents

  • Listing Agent:Remax Commercial and Investment Realty - Enrique Viramontes, CalBRE# 01372010
  • Co-Listing Agent:Robert Renshaw CalBRE#01332831

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Property Information Last Updated: 12/5/2019 4:50:58 PM
Listing Courtesy of Enrique Viramontes with Remax Commercial and Investment Realty

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