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Real Estate Listing at Properties from The Knight Group LA

Properties

The Knight Group LA
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$5,950,000
362 Days On Site

12034 Venice Boulevard
Los Angeles, CA 90066

For Sale|Land|Active
County:
Los Angeles
Call Now: 503.200.4823
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503.200.4823
12034 Venice Boulevard12034 Venice Boulevard12034 Venice Boulevard12034 Venice Boulevard
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Monthly Payment (Est.)

$27,146
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We are proud to present for sale a 97 Unit Mixed Use Development opportunity in the downtown Mar Vista Submarket of West LA. 97 Units is the maximum density permitted under the recently adopted Citywide Housing Incentive Program (CHIP). This would be one of the most desirable buildings in Mar Vista, and is the lowest Price per Buildable Door in West LA. This presents a rare institutionally sized opportunity qualified for ministerial approval. Downtown Mar Vista is a highly desirable submarket, with over $6 per square foot rents. Residents can walk to the Mar Vista Farmers Market and numerous restaurants and Cafes.Using the recently enacted CHIP Ordinance, a Buyer can build a 97 unit project with no height limit, a 4:2:1 FAR, and no parking minimum. An 8 Story, 69,124 Square Foot Building could be constructed on the 16,458 Square Foot Lot. The finished building would offer unobstructed views on all sides, starting on the 3rd floor up the roof deck. The site is clear of power line issues and has no encroachment interferences. The project would qualify for a ministerial approval, straight to LADBS Plan Check. No entitlement process is needed. The project would not be subject to public hearings or appeals and is statutorily exempt from CEQA. There are no discretionary approvals that could stand in the way of this project. Financially, the project can allow a developer to generate a generous return based on reasonable assumptions for hard costs, soft costs, and rents. (Project includes 12028-12034 Venice Blvd. APN #4235-024-005 and #4235-024-006).

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Listing Snapshot
Price 
$5,950,000
Days On Site 
362 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3778 Acres
Year Built 
N/A
MLS® Number 
24402237
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
2 weeks agoPrice changed to $5,950,000
12 months agoListing first seen on site
General Features
Acres 
0.3778
Special Circumstances 
Standard
Zoning 
LAC2
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Exterior Features
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None
Waterview 
None
Community Features
MLS Area 
C13 – Palms – Mar Vista
Listing courtesy of Oron Maher of Maher Commercial Realty
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Based on information from the The MLS as of 2025-06-08 01:29 AM UTC. 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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