1601 Venice Boulevard,Los Angeles,Los Angeles,Land

Property 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.