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

Retail properties

Property subtype

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%

  $1,529,896

  6.5%

  $1,412,212

  7%

  $1,311,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,721,298

  Geo Method

  $1,721,298

• Alternative Use

  Use

  Valuation

  Residential

  $1,191,253

  Hospitality

  $1,091,182

  Educational

  $907,850

  Medical

  $939,073

  Retail

  $1,412,212

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

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].