Description
Tremendous development opportunity of 8-units by-right or 13-units with the City of LA Density Bonus Program in the desirable and ever-increasing value neighborhood of Mar Vista. This 5-unit property consists of one 2BR+1BA single-family home and four 1BR+1BA back units which provides great income while obtaining plans and permits for a new build. Zoning is LAR-3-1 to a 15' alley on a 7,100 SF lot, and is perfectly situated between burgeoning LA tech hubs of Silicon Beach and Downtown Culver City, home to the new Apple and Amazon developments and major technology companies such as Google, Facebook, Netflix, Yahoo!, YouTube, Nike, BuzzFeed, Electronic Arts and Sony. With an 85 Walk Score/ 72 Bike Score, Venice Beach and Marina Del Rey are just minutes away along with amazing local area restaurants, gourmet coffee shops, Farmers Market, Abbot Kinney, shopping and transportation nearby. OM provided upon request.
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