Description
We are pleased to present a remarkable development opportunity at 1601 Venice Blvd, Los Angeles, This ready-to-issue (RTI) project offers an excellent chance to create a transformative, 100% affordable housing community consisting of 9 units plus 820 sqft of Recreation room for ADU potential. The units are broken down into Two 1-bedroom,1 bath units, and six 2 bedroom + 2 bath units, One 3 bed + 2 bath, catering to a diverse range of residents. 4 story on Grade building , Individual electricity and gas meter, low cost Efficient type V construction with no parking requirement, Proposed construction, Great cash on cash potential, Low Risk, contract lease with government agencies or sell to LAHD. Situated in a prime location in Mid City of Los Angeles, just North of the 10 freeway & Vermont interchange. It is conveniently located close to public transportation.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present a remarkable development opportunity at 1601 Venice Blvd, Los Angeles, This ready-to-issue (RTI) project offers an excellent chance to create a transformative, 100% affordable housing community consisting of 9 units plus 820 sqft of Recreation room for ADU potential. The units are broken down into Two 1-bedroom,1 bath units, and six 2 bedroom + 2 bath units, One 3 bed + 2 bath, catering to a diverse range of residents. 4 story on Grade building , Individual electricity and gas meter, low cost Efficient type V construction with no parking requirement, Proposed construction, Great cash on cash potential, Low Risk, contract lease with government agencies or sell to LAHD. Situated in a prime location in Mid City of Los Angeles, just North of the 10 freeway & Vermont interchange. It is conveniently located close to public transportation.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-15T00:29:10.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.