2-Unit Multifamily Development

Venice is a beachfront district on the Westside of Los Angeles, California, known for its canals, artist colonies, contemporary restaurants, the eclectic shops and galleries on Abbot Kinney Blvd, boutique hotels, and of course, its beaches and the circus-like Ocean Front Walk - a two-and-a-half mile pedestrian-only promenade that features performers, fortune-tellers, artists, and vendors. Venice Beach also offers a fishing pier, a world renowned skate plaza, bike path, two (2) children’s play areas and provides a variety of services for the culturally diverse population that visits throughout the year. Venice has served as an important cultural center since the 1960s. Abbot Kinney Blvd is a century-old artistic neighborhood filled with trendy shops and restaurants. The Venice Canal Historic District is famous for its man-made canals, which evoked the canals of Venice, Italy and likewise featured gondola rides. Venice is bordered by the Pacific Ocean to the southwest, Marina del Rey to the southeast, Culver City to the east, Mar Vista to the northeast, and the city of Santa Monica to the north.506-508 Westminster Avenue is currently under construction in the Venice neighborhood of Los Angeles. The development includes two separate side-by-side vacant 3-story small-lot houses on one parcel. The property is situated on a +/-5,202 SF lot with RD1.5 Zoning. 506 Westminster Avenue is +/-2,537 SF. 508 Westminster Avenue is +/-2,661 SF. Both units include terrace views, private balcony and private parking. Building plans are available upon request. The permits are expired. New buyer will have to update plans and resubmit to plan check. Deferred maintenance includes damage from water leaks inside both buildings and will require professional inspections. Centrally located in a very walkable neighborhood, 506 Westminster Avenue is within a block walking distance to Abbot Kinney shopping and restaurants, as well as nearby the Venice Boardwalk.