Marina Del Rey CA Real Estate & Land for Sale

The median home value in Marina Del Rey, CA is $1,295,000. This is higher than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in Marina Del Rey, CA is $1,295,000. Approximately 13% of Marina Del Rey homes are owned, compared to 70% rented, while 17% are vacant. Marina Del Rey real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Marina Del Rey real estate agent to arrange a tour today!
Learn more about Marina Del Rey.


Showing Homes Nearby Marina Del Rey, CA
Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24377867
Type:
Land
Lot size:
0.06 Acres
Courtesy: Jason Cokias - RE/MAX ESTATE PROPERTIES Jason Cokias
View additional info

Prime location for development opportunity. Vacant lot on Washington Blvd.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24377867
Type:
Land
Lot size:
0.06 Acres
Listing Agent: Jason Cokias CalDRE: 01719474 - RE/MAX ESTATE PROPERTIES Jason Cokias CalDRE: 01719474
View additional info

Prime location for development opportunity. Vacant lot on Washington Blvd.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24351739
Type:
Land
Lot size:
0.3 Acres
Listing Agent: Neema Ahadian CalDRE: 01346750 - Marcus & Millichap Neema Ahadian CalDRE: 01346750
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1015 Venice Blvd is a trophy location in Venice, a vacant lot totaling13,061 SF of land zoned {Q}R4-1XL located on the corner of Superior Ave and Venice Blvd, just off Lincoln BlvdThe property will be delivered RTI, with plans in place to construct five-story building totaling 56 units; originally, the plans called for two levels of subterranean parking with 40 spaces, but ownership is in the process of reducing the parking to one level (contact agents for details)The plans in-place propose a unit mix made up of the following:15 Singles 389-422 SF1 Single ELI: 417 SF33 1+1's: 514-664 SF5 1+1's LI: 526-549 SF1 1+1+Den: 549 SF1 1+1+Den LI: 549 SFOffered at a low $517 PSF and $120,536 per buildable unit, rare opportunity for a significantly sized residential development with no tenant relocation required; six units set aside for affordable tenants with 50 market rate unitsIrreplaceable location just one mile down the street from Abbott Kinney Blvd, 1.5 miles from Marina del Rey, and an easy commute to Santa Monica and Playa VistaA mile and a half from the Venice boardwalk and beach; easy access to Abbott Kinney Blvd with premiere retail amenities such as Erewhon, Alfred Coffee, Gjelina, Piccolo Ristorante, Salt & Straw, Ray-Ban, Warby Parker, Allbirds, Faherty, Felix Trattoria, Neighbor, Away, and many othersHalf a mile from the Costco Wholesale center on Washington Blvd; just over a mile to the Villa Marina Marketplace with major retailers such as Yard House, Pavilions, AMC, Corepower, Equinox, DSW, Gelson's, Ruth's Chris, Ulta Beauty, among othersHigh walk score of 90, located steps from numerous Metro bus lines on Venice Blvd and Lincoln Blvd including the 3, R3, CC 2, CC 5, and 33 Metro Local LineLocated in the heart of Silicon Beach with major employment in the area including Google, Facebook/Meta, Bird, YouTube, Microsoft, EA, Snap Inc, stack commerce, ChowNow, among many others

Beds:
n/a
Baths:
Sq.Ft.:
2,500
Status:
Active
MLS#:
CL24377867
Type:
Land
Lot size:
0.06 Acres
A broker reciprocity listing Courtesy: Jason Cokias - RE/MAX ESTATE PROPERTIES Jason Cokias [email protected]
View additional info

Prime location for development opportunity. Vacant lot on Washington Blvd.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23299705
Type:
Land
Lot size:
0.12 Acres
Courtesy: Corey Weiss - Berkshire Hathaway HomeServices California Properties Corey Weiss
View additional info

Rare development opportunity to build 3 units in prime Venice. Just one half mile from the world famous Venice Beach and close to shopping and dining on Abbot Kinney. This ideally located vacant lot offers a total of 5,222 square feet of land (.012 acres) The RD-1.5 zoning allows for up to 3 units to be constructed. THIS PROPERTY IS SUBJECT TO "AFFORDABLE HOUSING RESTRICTIONS" PER LOCAL ORDINANCE.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23299705
Type:
Land
Lot size:
0.12 Acres
Listing Agent: Corey Weiss CalDRE: 01792023 - Berkshire Hathaway HomeServices California Properties Corey Weiss CalDRE: 01792023
View additional info

Rare development opportunity to build 3 units in prime Venice. Just one half mile from the world famous Venice Beach and close to shopping and dining on Abbot Kinney. This ideally located vacant lot offers a total of 5,222 square feet of land (.012 acres) The RD-1.5 zoning allows for up to 3 units to be constructed. THIS PROPERTY IS SUBJECT TO "AFFORDABLE HOUSING RESTRICTIONS" PER LOCAL ORDINANCE.

Beds:
n/a
Baths:
Sq.Ft.:
5,222
Status:
Active
MLS#:
CL23299705
Type:
Land
Lot size:
0.12 Acres
A broker reciprocity listing Courtesy: Corey Weiss - Berkshire Hathaway HomeServices California Properties Corey Weiss [email protected]
View additional info

Rare development opportunity to build 3 units in prime Venice. Just one half mile from the world famous Venice Beach and close to shopping and dining on Abbot Kinney. This ideally located vacant lot offers a total of 5,222 square feet of land (.012 acres) The RD-1.5 zoning allows for up to 3 units to be constructed. THIS PROPERTY IS SUBJECT TO "AFFORDABLE HOUSING RESTRICTIONS" PER LOCAL ORDINANCE.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
24393105
Type:
Land
Lot size:
0.13 Acres
Listing Agent: Lauren Foster CalDRE: 02043926 - Coldwell Banker Realty Lauren Foster CalDRE: 02043926
View additional info

Welcome to your next development opportunity in the heart of Venice Beach. This property is located less than a mile from the ocean and is in close proximity to high-end restaurants and trendy coffee shops, promising a prime location. Situated on a 5,780 sqft LAC4 zoned lot, this gem offers the flexibility for both residential and commercial projects. The property is very rentable, allowing you to rent the house while you await permits. The property features a single family home complete with three bedrooms, one bathroom, spacious kitchen, and a living room with fireplace. The detached garage is accessed through the alley and offers wonderful ADU potential. There is also a large gate next to the garage which offers alley access to the back of the property. Being sold for land value, this is an unparalleled opportunity to secure prime real estate on one of the most sought-after streets in Venice. Seller financing available - call for more information.

Beds:
n/a
Baths:
Sq.Ft.:
5,780
Status:
NEW LISTING
MLS#:
CL24393105
Type:
Land
Lot size:
0.13 Acres
A broker reciprocity listing Courtesy: Lauren Foster - Coldwell Banker Realty Lauren Foster [email protected]
View additional info

Welcome to your next development opportunity in the heart of Venice Beach. This property is located less than a mile from the ocean and is in close proximity to high-end restaurants and trendy coffee shops, promising a prime location. Situated on a 5,780 sqft LAC4 zoned lot, this gem offers the flexibility for both residential and commercial projects. The property is very rentable, allowing you to rent the house while you await permits. The property features a single family home complete with three bedrooms, one bathroom, spacious kitchen, and a living room with fireplace. The detached garage is accessed through the alley and offers wonderful ADU potential. There is also a large gate next to the garage which offers alley access to the back of the property. Being sold for land value, this is an unparalleled opportunity to secure prime real estate on one of the most sought-after streets in Venice. Seller financing available - call for more information.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
24393105
Type:
Land
Lot size:
0.13 Acres
Courtesy: Lauren Foster - Coldwell Banker Realty Lauren Foster
View additional info

Welcome to your next development opportunity in the heart of Venice Beach. This property is located less than a mile from the ocean and is in close proximity to high-end restaurants and trendy coffee shops, promising a prime location. Situated on a 5,780 sqft LAC4 zoned lot, this gem offers the flexibility for both residential and commercial projects. The property is very rentable, allowing you to rent the house while you await permits. The property features a single family home complete with three bedrooms, one bathroom, spacious kitchen, and a living room with fireplace. The detached garage is accessed through the alley and offers wonderful ADU potential. There is also a large gate next to the garage which offers alley access to the back of the property. Being sold for land value, this is an unparalleled opportunity to secure prime real estate on one of the most sought-after streets in Venice. Seller financing available - call for more information.

Beds:
n/a
Baths:
Sq.Ft.:
3,718
Status:
NEW LISTING
MLS#:
CRSB24094900
Type:
Land
Lot size:
0.09 Acres
A broker reciprocity listing Courtesy: Bill Ruane - RE/MAX Estate Properties Bill Ruane [email protected]
View additional info

This stunning Silicon Beach 3,707 sqft lot has incredible views of the ocean, marina, city & mountain views. Located in the prominent Silicon Beach area, moments away from LA's best beaches, Playa Vista's Runway & popular shops and restaurants, this R1 zoned parcel presents an ideal canvas for creating a bespoke luxury residence or investment property. Embrace the coastal lifestyle and unlock the potential of this coveted piece of Playa del Rey real estate.

Beds:
n/a
Baths:
Sq.Ft.:
3,606
Status:
NEW LISTING
MLS#:
CRSB24094862
Type:
Land
Lot size:
0.08 Acres
A broker reciprocity listing Courtesy: Bill Ruane - RE/MAX Estate Properties Bill Ruane [email protected]
View additional info

This stunning Silicon Beach 3,600 sqft lot has incredible views of the ocean, marina, city & mountain views. Located in the prominent Silicon Beach area, moments away from LA's best beaches, Playa Vista's Runway & popular shops and restaurants, this R1 zoned parcel presents an ideal canvas for creating a bespoke luxury residence or investment property. Embrace the coastal lifestyle and unlock the potential of this coveted piece of Playa del Rey real estate.

Beds:
n/a
Baths:
Sq.Ft.:
7,646
Status:
NEW LISTING
MLS#:
CRSB24094933
Type:
Land
Lot size:
0.18 Acres
A broker reciprocity listing Courtesy: Bill Ruane - RE/MAX Estate Properties Bill Ruane [email protected]
View additional info

This stunning Silicon Beach 7,654 sqft lot has incredible views of the ocean, marina, city & mountain views. Located in the prominent Silicon Beach area, moments away from LA's best beaches, Playa Vista's Runway & popular shops and restaurants, this R1 zoned parcel presents an ideal canvas for creating a bespoke luxury residence or investment property. Embrace the coastal lifestyle and unlock the potential of this coveted piece of Playa del Rey real estate.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
SB24094900
Type:
Land
Lot size:
0.09 Acres
Listing Agent: Bill Ruane CalDRE: 00972400 - RE/MAX Estate Properties Bill Ruane CalDRE: 00972400
View additional info

This stunning Silicon Beach 3,707 sqft lot has incredible views of the ocean, marina, city & mountain views. Located in the prominent Silicon Beach area, moments away from LA's best beaches, Playa Vista's Runway & popular shops and restaurants, this R1 zoned parcel presents an ideal canvas for creating a bespoke luxury residence or investment property. Embrace the coastal lifestyle and unlock the potential of this coveted piece of Playa del Rey real estate.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
SB24094862
Type:
Land
Lot size:
0.08 Acres
Listing Agent: Bill Ruane CalDRE: 00972400 - RE/MAX Estate Properties Bill Ruane CalDRE: 00972400
View additional info

This stunning Silicon Beach 3,600 sqft lot has incredible views of the ocean, marina, city & mountain views. Located in the prominent Silicon Beach area, moments away from LA's best beaches, Playa Vista's Runway & popular shops and restaurants, this R1 zoned parcel presents an ideal canvas for creating a bespoke luxury residence or investment property. Embrace the coastal lifestyle and unlock the potential of this coveted piece of Playa del Rey real estate.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
SB24094933
Type:
Land
Lot size:
0.18 Acres
Listing Agent: Bill Ruane CalDRE: 00972400 - RE/MAX Estate Properties Bill Ruane CalDRE: 00972400
View additional info

This stunning Silicon Beach 7,654 sqft lot has incredible views of the ocean, marina, city & mountain views. Located in the prominent Silicon Beach area, moments away from LA's best beaches, Playa Vista's Runway & popular shops and restaurants, this R1 zoned parcel presents an ideal canvas for creating a bespoke luxury residence or investment property. Embrace the coastal lifestyle and unlock the potential of this coveted piece of Playa del Rey real estate.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23321909
Type:
Land
Lot size:
0.69 Acres
Listing Agent: Gary Fox CalDRE: 00847295 - Miller & Desatnik Realty Co. Gary Fox CalDRE: 00847295
View additional info

MAJOR PRICE REDUCTION!!! 12124 Pacific Avenue is a phenomenal multifamily development site in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is close to being RTI. This is an extraordinarily rare opportunity to purchase an oversized 30,001 sq. ft. R3 Lot in a prime West Los Angeles location. The current plans allow a developer to construct a 97,964 sq. ft. 92 Unit building with an excellent unit mix consisting of: 1 Three Bedrooms + Three Baths, 1 Three Bedrooms + Two Baths, 32 Two Bedrooms + Two Baths, 7 Lofts with One Bedroom + Office + Two Baths, 34 One Bedroom + Office + One Bath, 17 - One Bedroom + One Bath. The 92 total units in the building include 18 ADUs as well as 11 Very Low Income Units. Owner can apply for additional density pursuant to the new State Density Bonus Law AB 1287. This will increase the density to 102 total units (82 Units plus 20 ADUs). Located within the heart of Mar Vista, this prime development site enjoys all the advantages of a thriving community. Nestled between the Pacific Ocean and vibrant urban centers, Mar Vista offers an idyllic coastal lifestyle with easy access to the city's amenities and jobhubs. Known for its picturesque streets, green spaces, and proximity to Silicon Beach, Mar Vista continues to attract residents seeking a balanced urban-coastal lifestyle. Mar Vista's real estate market has shown remarkable resilience and growth. This multifamily site is a strategic investment that aligns perfectly with the demand for housing in the area and undoubtedly will seamlessly blend with the neighborhood's character, providing a living experience that enhances the vibrant Mar Vista community. OM is available upon request.

Beds:
n/a
Baths:
Sq.Ft.:
30,001
Status:
Active
MLS#:
CL23321909
Type:
Land
Lot size:
0.69 Acres
A broker reciprocity listing Courtesy: Gary Fox - Miller & Desatnik Realty Co. Gary Fox [email protected]
View additional info

MAJOR PRICE REDUCTION!!! 12124 Pacific Avenue is a phenomenal multifamily development site in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is close to being RTI. This is an extraordinarily rare opportunity to purchase an oversized 30,001 sq. ft. R3 Lot in a prime West Los Angeles location. The current plans allow a developer to construct a 97,964 sq. ft. 92 Unit building with an excellent unit mix consisting of: 1 Three Bedrooms + Three Baths, 1 Three Bedrooms + Two Baths, 32 Two Bedrooms + Two Baths, 7 Lofts with One Bedroom + Office + Two Baths, 34 One Bedroom + Office + One Bath, 17 - One Bedroom + One Bath. The 92 total units in the building include 18 ADUs as well as 11 Very Low Income Units. Owner can apply for additional density pursuant to the new State Density Bonus Law AB 1287. This will increase the density to 102 total units (82 Units plus 20 ADUs). Located within the heart of Mar Vista, this prime development site enjoys all the advantages of a thriving community. Nestled between the Pacific Ocean and vibrant urban centers, Mar Vista offers an idyllic coastal lifestyle with easy access to the city's amenities and jobhubs. Known for its picturesque streets, green spaces, and proximity to Silicon Beach, Mar Vista

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23321909
Type:
Land
Lot size:
0.69 Acres
Courtesy: Gary Fox - Miller & Desatnik Realty Co. Gary Fox
View additional info

MAJOR PRICE REDUCTION!!! 12124 Pacific Avenue is a phenomenal multifamily development site in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is close to being RTI. This is an extraordinarily rare opportunity to purchase an oversized 30,001 sq. ft. R3 Lot in a prime West Los Angeles location. The current plans allow a developer to construct a 97,964 sq. ft. 92 Unit building with an excellent unit mix consisting of: 1 Three Bedrooms + Three Baths, 1 Three Bedrooms + Two Baths, 32 Two Bedrooms + Two Baths, 7 Lofts with One Bedroom + Office + Two Baths, 34 One Bedroom + Office + One Bath, 17 - One Bedroom + One Bath. The 92 total units in the building include 18 ADUs as well as 11 Very Low Income Units. Owner can apply for additional density pursuant to the new State Density Bonus Law AB 1287. This will increase the density to 102 total units (82 Units plus 20 ADUs). Located within the heart of Mar Vista, this prime development site enjoys all the advantages of a thriving community. Nestled between the Pacific Ocean and vibrant urban centers, Mar Vista offers an idyllic coastal lifestyle with easy access to the city's amenities and jobhubs. Known for its picturesque streets, green spaces, and proximity to Silicon Beach, Mar Vista continues to attract residents seeking a balanced urban-coastal lifestyle. Mar Vista's real estate market has shown remarkable resilience and growth. This multifamily site is a strategic investment that aligns perfectly with the demand for housing in the area and undoubtedly will seamlessly blend with the neighborhood's character, providing a living experience that enhances the vibrant Mar Vista community. OM is available upon request.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24378247
Type:
Land
Lot size:
0.22 Acres
Courtesy: David Miller - Miller & Desatnik Realty Co. David Miller
View additional info

Seller has permits RTI for 18 market rate units however this vacant lot has ED1 development potential for up to 60 units! Lot Dimensions are approximately 95 X 100 SF (2) 20 Foot Ally. Irreplaceable Prime West LA location!

Beds:
n/a
Baths:
Sq.Ft.:
9,527
Status:
Active
MLS#:
CL24378247
Type:
Land
Lot size:
0.22 Acres
A broker reciprocity listing Courtesy: David Miller - Miller & Desatnik Realty Co. David Miller [email protected]
View additional info

Seller has permits RTI for 18 market rate units however this vacant lot has ED1 development potential for up to 60 units! Lot Dimensions are approximately 95 X 100 SF (2) 20 Foot Ally. Irreplaceable Prime West LA location!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24378247
Type:
Land
Lot size:
0.22 Acres
Listing Agent: David Miller CalDRE: 02105346 - Miller & Desatnik Realty Co. David Miller CalDRE: 02105346
View additional info

Seller has permits RTI for 18 market rate units however this vacant lot has ED1 development potential for up to 60 units! Lot Dimensions are approximately 95 X 100 SF (2) 20 Foot Ally. Irreplaceable Prime West LA location!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24343355
Type:
Land
Lot size:
0.19 Acres
Listing Agent: Oron Maher CalDRE: 01299093 - Maher Commercial Realty Oron Maher CalDRE: 01299093
View additional info

12028-12032 W. Venice Blvd is a rare opportunity to purchase a property that is ideal either as an existing mixed-use building, or a lucrative development site in one of Los Angeles' hippest submarkets, Mar Vista; nicely nestled between Venice Beach, West LA. The subject site sits just one block from the Mar Vista Farmers Market, and two doors down from the Mar Vista Branch Library. The neighborhood is surrounded by high-end restaurants, bars, retail, a bowling alley, and many newly constructed residential units. This stretch of Venice Blvd falls within the newer Venice Blvd Safety and Mobility Project which includes protected bike lanes, and new metro lines. In August 2023, Eater named Mar Vista the "Westside's Hottest Dining Destination."The subject property is a rare opportunity to purchase an Existing Unit Mix: Two Retail + 6 Residential Apartment Units on a C2 zoned +/- 8,248 square foot parcel. This building is a great buy for both a value-add building operator and a developer. An investor can benefit from an immediate 65% upside in rent while holding valuable land for a future development project; or, a developer can take advantage of a major housing shortage and demand for residential housing by developing either a mixed-use market-rate or affordable project on this prime corridor that boasts 44,573 traffic count and 87 walk score.The subject building comprises two buildings and two free-standing garages on one lot. The front building is two stories and features approximately 2,442 square feet of ground floor retail and commercial space and four 1 bedroom/1-bathroom apartments on the second floor. The second building is a two-story duplex, each unit of which is a 1 bedroom/1 bath that occupies one floor. In between the two buildings are two free-standing parking garages and multiple assigned parking spaces for each tenant. The commercial spaces are partially occupied by residential tenants, likely in violation of the Los Angeles Rent Stabilization Ordinance (buyer to verify). A value-add investor can benefit by converting ground-floor commercial into high-end Mar Vista retail, with a proforma income of +/-$5.00 per square foot, NNN, or $12,210 per month net. The 6 residential one-bedroom units comprise approximately 3,752 square feet, or 625 square feet per unit on average. The pro forma rent for those units is $2,550 per month, for a pro forma gross income of $15,300 per month in residential rent. The two garage spaces present an opportunity to create a studio or one-bedroom Accessory Dwelling Unit.The 8,248 square foot lot can be combined with additional square footage of approximately 374 square feet given the abutting alley for a total buildable lot size of 8,619 square feet. By right, a developer can build a mixed-use 21-unit development site with retail on the ground floor. Alternatively, using the A25 section 12.22 Density Bonus Rules, a developer can build 29 units by providing between 11%-20% affordable units, with ground floor retail. Finally, using AB2334, as a 100% affordable project, a developer can build potentially up to 32 units.

Beds:
n/a
Baths:
Sq.Ft.:
8,248
Status:
Active
MLS#:
CL24343355
Type:
Land
Lot size:
0.19 Acres
A broker reciprocity listing Courtesy: Oron Maher - Maher Commercial Realty Oron Maher [email protected]
View additional info

12028-12032 W. Venice Blvd is a rare opportunity to purchase a property that is ideal either as an existing mixed-use building, or a lucrative development site in one of Los Angeles' hippest submarkets, Mar Vista; nicely nestled between Venice Beach, West LA. The subject site sits just one block from the Mar Vista Farmers Market, and two doors down from the Mar Vista Branch Library. The neighborhood is surrounded by high-end restaurants, bars, retail, a bowling alley, and many newly constructed residential units. This stretch of Venice Blvd falls within the newer Venice Blvd Safety and Mobility Project which includes protected bike lanes, and new metro lines. In August 2023, Eater named Mar Vista the "Westside's Hottest Dining Destination."The subject property is a rare opportunity to purchase an Existing Unit Mix: Two Retail + 6 Residential Apartment Units on a C2 zoned +/- 8,248 square foot parcel. This building is a great buy for both a value-add building operator and a developer. An investor can benefit from an immediate 65% upside in rent while holding valuable land for a future development project; or, a developer can take advantage of a major housing shortage and demand for residential housing by developing either a mixed-use market-rate or affordable project on this prime

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24343355
Type:
Land
Lot size:
0.19 Acres
Courtesy: Oron Maher - Maher Commercial Realty Oron Maher
View additional info

12028-12032 W. Venice Blvd is a rare opportunity to purchase a property that is ideal either as an existing mixed-use building, or a lucrative development site in one of Los Angeles' hippest submarkets, Mar Vista; nicely nestled between Venice Beach, West LA. The subject site sits just one block from the Mar Vista Farmers Market, and two doors down from the Mar Vista Branch Library. The neighborhood is surrounded by high-end restaurants, bars, retail, a bowling alley, and many newly constructed residential units. This stretch of Venice Blvd falls within the newer Venice Blvd Safety and Mobility Project which includes protected bike lanes, and new metro lines. In August 2023, Eater named Mar Vista the "Westside's Hottest Dining Destination."The subject property is a rare opportunity to purchase an Existing Unit Mix: Two Retail + 6 Residential Apartment Units on a C2 zoned +/- 8,248 square foot parcel. This building is a great buy for both a value-add building operator and a developer. An investor can benefit from an immediate 65% upside in rent while holding valuable land for a future development project; or, a developer can take advantage of a major housing shortage and demand for residential housing by developing either a mixed-use market-rate or affordable project on this prime corridor that boasts 44,573 traffic count and 87 walk score.The subject building comprises two buildings and two free-standing garages on one lot. The front building is two stories and features approximately 2,442 square feet of ground floor retail and commercial space and four 1 bedroom/1-bathroom apartments on the second floor. The second building is a two-story duplex, each unit of which is a 1 bedroom/1 bath that occupies one floor. In between the two buildings are two free-standing parking garages and multiple assigned parking spaces for each tenant. The commercial spaces are partially occupied by residential tenants, likely in violation of the Los Angeles Rent Stabilization Ordinance (buyer to verify). A value-add investor can benefit by converting ground-floor commercial into high-end Mar Vista retail, with a proforma income of +/-$5.00 per square foot, NNN, or $12,210 per month net. The 6 residential one-bedroom units comprise approximately 3,752 square feet, or 625 square feet per unit on average. The pro forma rent for those units is $2,550 per month, for a pro forma gross income of $15,300 per month in residential rent. The two garage spaces present an opportunity to create a studio or one-bedroom Accessory Dwelling Unit.The 8,248 square foot lot can be combined with additional square footage of approximately 374 square feet given the abutting alley for a total buildable lot size of 8,619 square feet. By right, a developer can build a mixed-use 21-unit development site with retail on the ground floor. Alternatively, using the A25 section 12.22 Density Bonus Rules, a developer can build 29 units by providing between 11%-20% affordable units, with ground floor retail. Finally, using AB2334, as a 100% affordable project, a developer can build potentially up to 32 units.

The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.


Bay East ©2022. CCAR ©2022. bridgeMLS ©2022 . Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 5/17/2024.

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