We are proud to offer this amazing opportunity to acquire a .69 Acre High Density Infill Multi Family R3 Lot in the heart of one of the hottest real estate markets in Los Angeles. This Prime Redevelopment 29,951 Sqft Lot is very rare and may allow 50+ residential units. Please complete your own due diligence to determine the exact use and number of units. The site is currently being used as a Religious Facility and Preschool/Child Care Center. The Property will be delivered vacant at close of escrow. The Property has 3 buildings totaling +/-12137 sqft consisting of a Church Sanctuary, Fellowship Hall & Classrooms, Child Center Center / Preschool, and 32 Parking Spots. This is perfect for an Owner/User ,Investor, Developer, or 1031 Exchange.
Assessor Parcel Number is 4235-025-032.
Located in the Mar Vista area of West Los Angeles near the corner of Venice & Grandview, you are a short drive away from the booming markets of Venice Beach. Marina Del Rey, Culver City, Santa Monica and Playa Vista. You also are in the heart of town within walking distance to amazing retail, restaurants, and the well known Mar Vista Sunday Farmers Market. You have a High Walkability Score with easy access to public transportation and 405/10 freeway.
This property can be held as an investment allowing you to earn income while you go through the Entitlement Process. The property location, zoning and size allows any Developer, Investor, or User the ability to have a substantial redevelopment upside.
Courtesy of Mike Vachani, Provenio Realty and Investment
Based on information from California Regional Multiple Listing Service, Inc. as of 10/21/21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 7:20 PM UTC, 10/21/21