Asking Price: $2,995,000

Development opportunity in the heart of Silicon Beach on burgeoning Venice Blvd. Potential to build approximately 8794 Square feet (see schematic for (4) 3 bedroom flats; each ranging in 2000-2300 sq feet. Property currently generates $114,600 in annual revenue or can be delivered vacant. Existing tenants pay all utilities, landlord responsible for property taxes and gardener. 96' feet of frontage on Venice Blvd. just East of Abbot Kinney and alley access. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the Buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals.