Kidder Mathews and Coldwell Banker Commercial Realty are pleased to present the Venice & Union Assemblage, a rare 1.06-acre (46,193 SF), four-parcel infill development opportunity located in Pico-Union, just west of Downtown Los Angeles. The property is under single ownership with frontage along Venice Boulevard and South Union Avenue, providing a substantial assembled site in a highly accessible urban location.
The site offers an attractive opportunity for a ground-up, 100% affordable housing development, with an illustrative planning scenario of approximately 180 residential units. The property benefits from TOC Tier 3, AB 2011 and State Density Bonus provisions, as well as AB 2097 parking relief, which eliminates minimum parking requirements and supports a more efficient above-grade development program. The property is also located within a Qualified Opportunity Zone.
Strategically positioned near Downtown Los Angeles, the property is approximately 0.5 miles from the LA Convention Center, 0.6 miles from Crypto.com Arena and LA Live, and 0.7 miles from the Pico Metro Station, offering convenient access to major employment centers, entertainment destinations and public transportation.
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