685-688 Westminster Ave - Residential LAND FOR SALE


Venice, CA 90291 40,454 SF
$8,995,000 USD
310-980-4562
685-688 Westminster Ave, Venice, CA for Sale
$8,995,000 USD
Residential LAND - FOR SALE
1/1
40,454 SF

685-688 Westminster Ave
Venice, CA 90291


HIGHLIGHTS

  • One of the largest available residential assemblages west of Lincoln Boulevard.
  • TOC Tier 3
  • AB 2334 & AB 2097
  • DDA & Highest Resource
  • Possible use of SB 35 to get around the Coastal Commission.
  • 91 Walk-score: Walkers Paradise

OVERVIEW

FOR SALE Development Sight presents a landmark acquisition opportunity in Venice with two adjacent parcels totaling 40,456 square feet - one of the largest available residential assemblages west of Lincoln Boulevard at just $222/Gross Land SF. The property spans seven lots across both sides of Westminster Avenue. • 685 Westminster: 29,170 SF parcel featuring a 12,313 SF church building with parking. • 688 Westminster: 11,286 SF parking lot parcel • Both parcels zoned RD1.5-1, TOC Tier 3 • There is a covenant that requires lots to be sold as one. For those interested in the Church portion only, the Seller would consider a JV instead of a sale. • There is a covenant that requires the Church to retain a minimum of 33 parking spots in whatever structures are built on the land. • The church is a historic monument under the City of LA. • Use SB423 to circumvent the Coastal Commission with just 10% affordable units with a timeline of just 150 days. Showing the Church is possible, please contact.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/ACRE

$9,685,144/AC

PRICE/SF

$222 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Senior, Apartment Units - Subsdzd

LAND ACRES

0.93 AC

LAND SF

40,456 SF

OFFSITE IMPROVEMENTS

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

ZONING

LARD-1.5

APN/PARCEL ID

4239-019-021,4239-024-001

ASK ABOUT THIS PROPERTY

Peter CirielloLA CommercialMore Info
310-980-4562

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Peter CirielloLA CommercialMore Info
310-980-4562

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