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    4922 Venice Blvd

    Los Angeles, CA 90019
    • $5,950,000
    • STATUS: Active
    • ON SITE: 67 days
    • MLS #: 21-763016
    UPDATED: 46 min ago
    $5,950,000
    • 9
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,427
      SQFT
    • $801
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    We are proud to present 4922-4930 Venice Blvd, a 2 parcel assemblage consisting of 7,400 +/- SF of mixed-use space situated on 16,200sf of LAC2 Tier 3 TOC zoned land. The property consists of 8 residential units (month-to-month), 2 commercial units (month-to-month), and 1 billboard (expires in 2022). The land is zoned C2 and is located within a 2D height district and Tier 3 TOC designation, providing a developer the opportunity to build up to a maximum of 70 units on the property. By utilizing the Tier 3 TOC designation, a developer may be able to increase density by 70%, reduce parking requirements, and increase height. 4922-4930 Venice Blvd is located in an Opportunity Zone making for additional potential tax benefits for both the investor and potential users of the existing spaces or as new development. Contact listing broker for additional information.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-26T17:42:40.187. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/119486824
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    4922 Venice Blvd Los Angeles, CA 90019

    • Price: $5,950,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 21-763016
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    7,427
    SQFT
    $801
    $/SQFT
    1920
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are proud to present 4922-4930 Venice Blvd, a 2 parcel assemblage consisting of 7,400 +/- SF of mixed-use space situated on 16,200sf of LAC2 Tier 3 TOC zoned land. The property consists of 8 residential units (month-to-month), 2 commercial units (month-to-month), and 1 billboard (expires in 2022). The land is zoned C2 and is located within a 2D height district and Tier 3 TOC designation, providing a developer the opportunity to build up to a maximum of 70 units on the property. By utilizing the Tier 3 TOC designation, a developer may be able to increase density by 70%, reduce parking requirements, and increase height. 4922-4930 Venice Blvd is located in an Opportunity Zone making for additional potential tax benefits for both the investor and potential users of the existing spaces or as new development. Contact listing broker for additional information.
    Exterior Features

    Lot Size Area 16225 Other Structures Accessory Bldgs Parking Garage Driveway Total Parking 12

    Interior Features

    Baths Total 11.00 Cooling Other Equipment Other Heating Wall Gas

    Property Features

    Assessed Total Value 714613 Gross Income 218211 Gross Operating Income 218211 Like Units1 3 Like Units2 1 Like Units3 3 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 146812.00 Number Of Buildings 5 Number Of Units 10 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 108480 Type Of Units Mixed-Use Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Casey Lins DRE#01902650 of Re/Max Estate Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-26T17:42:40.187. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260