10961 Venice Blvd, Los Angeles, CA 90034
$4,000,000 LOGIN TO SAVE
10961 Venice Blvd, Los Angeles, CA 90034
Bedrooms:
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Area: SqFt.
Description
1096110967 W. Venice Boulevard is a prime West Los Angeles development opportunity located in the Palms neighborhood (90034). Situated on two contiguous parcels totaling 12,208 square feet, the property occupies a corner lot zoned C2-1 with frontage, side, and alley access. The lot measures approximately 110 feet by 111 feet and is currently improved with an auto body shop, smog shop, four residential units, and two billboards. Both parcels are to be sold together. The site offers excellent development potential with multiple options: (1) Market Rate up to 32 units with a FAR of 18,132 square feet; (2) TOC Tier 3 with a 70% Density Bonus up to 57 mixed-income units with a FAR of 45,780 square feet; and (3) 100% TOC up to 60 mixed-income units with a FAR of 51,884 square feet. The property may qualify as an ED-1 eligible site, allowing for 100% affordable housing development. Ideally located near major Westside employment and tech hubs, including Amazon, Fox, Sony, Apple, HBO, and 500+ Silicon Beach companies, the property offers easy access to dining, shopping, and entertainment such as the Culver City Arts District, Westfield Century City, and Runway Playa Vista, with convenient connectivity via the Palms Expo Line Station and the 10 and 405 freeways. With its favorable zoning, strong fundamentals, and strategic location, 1096110967 W. Venice Boulevard represents an exceptional development opportunity in one of West LAs most dynamic neighborhoods.
