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(323) 864-4211
Linda Roth Burrell
11061 Venice Blvd, Los Angeles, CA 90034
- $2,980,000
- 16
- BD
- 16
- BA
- 8,840
- SqFt
- Sold Price
- $2,980,000
- List Price
- $3,550,000
- Closing Date
- Jan 08, 2026
- MLS#
- 25591597
- Year Built
- 1953
- Bedrooms
- 16
- Bathrooms
- 16
- Living Sq. Ft
- 8,840
- Lot Size
- 18,783
- Days on Market
- 52
- Property Type
- Multifamily
- Stories
- 2
Property Description
Great value-add or development opportunity in a prime West Los Angeles location. Current rents are approximately 36% below market, offering immediate upside through repositioning. Alternatively, the property serves as a strong interim hold for a covered land play with significant future redevelopment potential. The existing improvements consist of two twin 8-unit apartment buildings (16 units total) built around a landscaped courtyard. Each building contains approximately 4,420 SF (8,840 SF combined), primarily comprised of smaller one-bed/one-bath units averaging 556 SF. The property sits on an oversized 18,783 SF lot with 16 open parking spaces, with room for additional parking spaces or other options. Priced at $213/SF for the land, this Property is zoned [Q] LAR3-1-O, Tier 3. This site allows for density with bonus to support the development of up to 48 units with a 4.5:1 FAR, which would allow approximately 84,500 buildable square feet. A new 6- to 7-story development could be built, with flexibility to allocate additional square footage for ADUs, amenities, or community rooms.
Additional Information
- Other Buildings
- None
- Pool Description
- None
- Heat
- Wall
- Cooling
- None
- Number of Cars in Garage
- Side By Side
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Courtesy of Compass, D. Timothy Byrne - CA DRE#01186465 Selling Office: .
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