ASKING PRICE $3,299,000
A Future Development Opportunity with Permits RTI on a 16,310 SF LAC2 -1VL-CPIO Lot
Ikon Capital Advisors proudly presents the opportunity to purchase this mixed-use development at 3617 Venice Boulevard in Los Angeles, 90019. Cost-effective and tastefully designed, the elegant structure comes RTI permit ready and delivered fully vacant. The development consists of 28 two-bedroom and two-bathroom units averaging 850 square feet per unit (with only three designated as low-income), one 500 square foot ground-floor retail unit, and 32 on-grade parking spaces. The structure sits on a large 16,130 square foot LAC2 zoned lot and has a total of 26,948 square feet with 24,662 square feet of which is rentable.
Located in Mid-City/Arlington Heights, this property is near many restaurants, shops, Metro Local/Rapid Lines, the 10 Freeway, and several major ground-up developments.