705 Broadway St - Multi-Family FOR SALE


Venice, CA 90291
$1,890,000 USD
213-623-0800
705 Broadway St, Venice, CA for Sale
$1,890,000 USD
Multi-Family - FOR SALE
1/13
null | Request Cap Rate

705 Broadway St
Venice, CA 90291


HIGHLIGHTS

  • Development Opportunity For Two Units
  • Desirable Venice Location
  • RD1.5 Zoning
  • Walking Distance To Venice Boardwalk, Venice Beach & Abbot Kinney Shopping
  • Minutes From Pacific Coast Hwy (1) & 10 Freeway

OVERVIEW

705 Broadway Street is multifamily development under construction in the Venice neighborhood of Los Angeles. The completed development will include two 3-story small-lot houses on one parcel. Plans show Unit 1 area equaling 2,879 SF per zoning and 3,535 SF per building code, and Unit 2 area equaling 2,480 SF per zoning and 3,061 SF per building code. The plans are for the houses to be built side by side. However, the house in development facing east has burned down. The development is situated on a +/-4,630 SF lot with RD 1.5 Zoning. Centrally located in a very walkable neighborhood. 705 Broadway Street is very close to grocery stores, fine dining restaurants and other conveniences along Lincoln Blvd & Abbot Kinney Blvd.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

2

PRICE/UNIT

$945,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two Lot Subdivision Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,529 SF

ZONING

RD 1.5

APN/PARCEL ID

4239-013-002

ASK ABOUT THIS PROPERTY

Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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