4922 VENICE BOULEVARD, LOS ANGELES, CA 90019

  • 7,427 sqft
  • Lot Size: 16,225 sqft
  • Built in 1920
  • MLS #21763016
For Sale $5,950,000

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.

FACTS / FEATURES

  • Built in 1920
  • Lot Size: 16,225 sqft

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Listing Provided by Casey Lins, RE/MAX ESTATE PROPERTIES
Based on information from California Regional Multiple Listing Service, Inc. as of October 16, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.