Venice Blvd, Los Angeles, Home For Sale

house for sale

Listed: 08/01/24

1601 Venice Blvd, Los Angeles, California, 90006

13 Bed:

8,431 Sq Ft Living Area:

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Price

$ 895,000

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About This House

We are pleased to present a remarkable development opportunity at 1601 Venice Blvd, Los Angeles, This ready-to-issue (RTI) project offers an excellent chance to create a transformative, 100% affordable housing community consisting of 9 units plus 820 sqft of Recreation room for ADU potential. The units are broken down into Two 1-bedroom, 1 bath units, and six 2 bedroom + 2 bath units, One 3 bed + 2 bath, catering to a diverse range of residents. 4 story on Grade building , Individual electricity and gas meter with additional low cost.Efficient type V construction with no parking requirement, Proposed construction, Great cash on cash, Low Risk, contract lease with government agencies or sell to LAHD. Situated in a prime location in Mid City of Los Angeles, just North of the 10 freeway and Vermont interchange. It is conveniently located close to public transportation.

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Houses for sale in Los Angeles

Original listing

Pico-Union Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.