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$6,000,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
12/13/2024 07:18 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID JT24143992
HOA Y/N No
Year Built 1927
Lot Size 0.316 Acres
Property Description
EQTY Forbes Global Properties is pleased to present a rare offering of two contiguous parcels at 602-606 Broadway Street in the creative heart of Venice Beach. The subject properties consist of a wood-frame church building and parking lot, totaling 13,747 square feet of site area along Broadway Street. The lots are level and contain all necessary utilities. The church building measures 4,550 square feet and was built in 1927. An accessible alleyway runs directly behind the properties.
The subject properties are zoned LARD 1.5, allowing 1 unit to be built for every 1500 square feet of lot area, or 9 units in total. This presents an opportunity for developers and investors to construct a creative residential project for a small lot subdivision. Similar projects, consisting of three-story townhome-style residences with on-grade parking and accessible rooftops, have proven appealing in other parts of Los Angeles.
This prime Venice location is within walking distance of popular Abbot Kinney Boulevard, featuring trendy breakfast eateries, designer clothing shops, alluring gastropubs, restaurants, and community/family events. The local beach and boardwalk are a short 4-minute bike ride, which allows for daily excursions and getaways.
Buyers and investors can reach out directly with further questions or represention assistance. Buyer to perform their due diligence.
The subject properties are zoned LARD 1.5, allowing 1 unit to be built for every 1500 square feet of lot area, or 9 units in total. This presents an opportunity for developers and investors to construct a creative residential project for a small lot subdivision. Similar projects, consisting of three-story townhome-style residences with on-grade parking and accessible rooftops, have proven appealing in other parts of Los Angeles.
This prime Venice location is within walking distance of popular Abbot Kinney Boulevard, featuring trendy breakfast eateries, designer clothing shops, alluring gastropubs, restaurants, and community/family events. The local beach and boardwalk are a short 4-minute bike ride, which allows for daily excursions and getaways.
Buyers and investors can reach out directly with further questions or represention assistance. Buyer to perform their due diligence.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD 1.5
Interior
Fireplace No
Laundry None
Exterior
Fence Brick
Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Present Use Place of Worship
Building
Lot Description Corner Lot, Level
Story 1
Water Public
Others
Tax ID 4239019044
Special Listing Condition Standard
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Listed by Jerry Goble • Fathom Realty Group, Inc. • 310-801-6096
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