685-688 Westminster Ave - Commercial LAND FOR SALE


Venice, CA 90291 11,282 SF
$9,000,000 USD
310-941-5899
685-688 Westminster Ave, Venice, CA for Sale
$9,000,000 USD
Commercial LAND - FOR SALE
1/9
11,282 SF

685-688 Westminster Ave
Venice, CA 90291


OVERVIEW

685 & 688 Westminster Avenue together comprise a ±40,456 SF assemblage in the heart of Venice—just blocks from Abbot Kinney Boulevard and minutes from the beach. This is the largest contiguous residential land opportunity west of Lincoln Boulevard, making it an unparalleled canvas for a new townhome development. The offering is comprised of 685 Westminster Avenue, an existing approximately 12,313 SF two-story church structure and parking lot situated on five lots comprising approximately 29,170 SF of land, and 688 Westminster Avenue, a vacant parking lot on two lots with a recorded covenant historically tied to 685 Westminster Ave comprising approximately 11,286 SF of land. Both parcels are zoned RD1.5-1 and must be purchased together. The offering is the largest parcel of residential land currently available west of Lincoln Boulevard in Venice and in walking distance to Abbot Kinney Boulevard, with the last major parcel for multi-family development in Venice previously selling at $11.8 million in 2017.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/ACRE

$34,749,158/AC

PRICE/SF

$798 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

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

LAND ACRES

0.26 AC

LAND SF

11,282 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

Jeff LouksJesse Weinberg & AssociatesMore Info
310-941-5899

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Jeff LouksJesse Weinberg & AssociatesMore Info
310-941-5899

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