2-Unit Multifamily Development

$1,999,900

705 Broadway Street, Los Angeles, CA 90291

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 04/08/2025

Details:

Building Size: 6,596 sqft

Lot Area: 0.11 acres

Units: 2

Floors: 3

Offered by

Matthew C. Sullivan

Managing Director

Lee & Associates | LA Investment

#00848427

Request Info to Unlock

Highlights:

Desirable Venice Location Just Off Abbot Kinney Blvd
Development Opportunity For Two Units
91 Walk Score | 88 Bike Score
RD1.5 Zoning
Walking Distance To Venice Boardwalk, Venice Beach & Abbot Kinney Shopping
Minutes From Pacific Coast Hwy (1) & 10 Freeway

Description:

705 Broadway Street is multifamily development under construction in the Venice neighborhood of Los Angeles. The completed development will include two 3-story small-lot houses on one parcel. Plans show Unit 1 area equaling 2,879 SF per zoning and 3,535 SF per building code, and Unit 2 area equaling 2,480 SF per zoning and 3,061 SF per building code. The plans are for the houses to be built side by side. However, the house in development facing east has burned down.
Zoned RD 1.5, this strategically located property presents a lucrative prospect for development or rental income. With its ideal size and zoning, this property provides ample space for growth and flexibility for a variety of investment strategies. Centrally located in a very walkable neighborhood. 705 Broadway St is very close to grocery stores, fine dining restaurants and other conveniences along Lincoln Blvd & Abbot Kinney Blvd.

Discover the vibrant community surrounding the property in Venice, CA. Located just steps away from the famous Venice Beach, the area offers a unique blend of creative culture, fine dining, and boutique shopping. Stroll along the historic Venice Canals, or visit the iconic Venice Beach Boardwalk for a taste of the local character. This dynamic neighborhood is home to a variety of tech startups, creative spaces, and trendy eateries, making it an attractive location for office and office building investors. With its prime coastal location and eclectic atmosphere, Venice presents an exciting opportunity to become part of a thriving business community. The property is located just off Abbot Kinney Blvd. Abbot Kinney Blvd is a century-old artistic neighborhood filled with trendy shops and restaurants.