10967 Venice Blvd - Commercial LAND FOR SALE


Los Angeles, CA 90034- Palms12,206 SF
$4,000,000 USD
310-230-5478
10967 Venice Blvd, Los Angeles, CA for Sale
$4,000,000 USD
Commercial LAND - FOR SALE
1/7
12,206 SF

10967 Venice Blvd
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Prime Palms, West LA Location – Ideal for residential and mixed-use development
  • Two Adjacent Parcels – Totaling 12,208 SF, zoned C2-1
  • Corner Lot – 110 ft × 111 ft with frontage, side, and alley access
  • Market Rate (~32 Units), TOC Tier 3 (~57 Units), 100% TOC (~60 Units)
  • May Qualify as ED-1 Eligible Site – Supports 100% affordable housing
  • Parcels Sold Together – Both parcels must be acquired as one

OVERVIEW

10961–10967 W. Venice Boulevard is a prime West Los Angeles development opportunity located in the Palms neighborhood (90034). Situated on two contiguous parcels totaling 12,208 square feet, the property occupies a corner lot zoned C2-1 with frontage, side, and alley access. The lot measures approximately 110 feet by 111 feet and is currently improved with an auto body shop, smog shop, four residential units, and two billboards. Both parcels are to be sold together. The site offers excellent development potential with multiple options: (1) Market Rate — up to 32 units with a FAR of 18,132 square feet; (2) TOC Tier 3 with a 70% Density Bonus — up to 57 mixed-income units with a FAR of 45,780 square feet; and (3) 100% TOC — up to 60 mixed-income units with a FAR of 51,884 square feet. The property may qualify as an ED-1 eligible site, allowing for 100% affordable housing development. Ideally located near major Westside employment and tech hubs, including Amazon, Fox, Sony, Apple, HBO, and 500+ Silicon Beach companies, the property offers easy access to dining, shopping, and entertainment such as the Culver City Arts District, Westfield Century City, and Runway Playa Vista, with convenient connectivity via the Palms Expo Line Station and the 10 and 405 freeways. With its favorable zoning, strong fundamentals, and strategic location, 10961–10967 W. Venice Boulevard represents an exceptional development opportunity in one of West LA’s most dynamic neighborhoods.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/ACRE

$14,273,777/AC

PRICE/SF

$328 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

10961-10967 W Venice Blvd

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use, Multi-Family, Apartment Units, Apartment Units - Subsdzd

LAND ACRES

0.28 AC

LAND SF

12,207 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

LAC2-1

APN/PARCEL ID

4252-014-019,4252-014-020

ASK ABOUT THIS PROPERTY

Bobby SillmanLyon Stahl Investment Real EstateMore Info
310-230-5478

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Bobby SillmanLyon Stahl Investment Real EstateMore Info
310-230-5478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.