624 Venice BlvdLos Angeles, CA 90015

Property Details for 624 Venice Blvd

Year built

1965

Lot size

0.08 AC

Property size (Sq ft)

3,592 SF

Zone code

LAC2

Property type

Parking lots & garages

APN

5134-007-018

APU

5134007018

Description

This exceptional commercial land parcel, located at 624 Venice Blvd in Los Angeles, California, presents a unique investment opportunity. The property boasts a lot size of 3,593 square feet and is zoned C2-2D-O / Community Commercial, offering a wide range of potential development options. Situated in the vibrant Los Angeles area, with the zip code 90015, this property benefits from excellent visibility and accessibility. The property's location provides easy access to major transportation routes and a thriving local community. The APN is 5134-007-018. While the listing details specify a lot size of 3,593 square feet, please note that separate marketing materials indicate a total land area of 64,907 square feet (1.5 acres). This discrepancy requires clarification and further due diligence. Prospective buyers should independently verify all property details and zoning regulations before making any investment decisions. This property is being offered for sale and represents a compelling opportunity for developers and investors seeking a strategic foothold in a dynamic Los Angeles market. The latitude and longitude coordinates are 34.037715 and -118.271077 respectively. This information is provided for location verification purposes.

• CAP approach

  CAP return

  Valuation

  6%

  $1,228,450

  6.5%

  $1,133,950

  7%

  $1,052,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $710,377

  Geo Method

  $710,377

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,253,170

  Mixed-Use / Specialty

  $1,113,000

  Hospitality / Lodging

  $794,561

  Office

  $1,088,780

  Institutional / Educational

  $1,151,030

  Residential Income

  $1,346,710

  Multifamily

  $1,708,910

  Automotive / Energy

  $986,599

  Parking / Income-Based Land

  $357,169

  Restaurant / Food Service

  $542,795

  Healthcare / Senior Housing

  $1,158,700

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0377

Longitude

-118.271

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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