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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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.