***OFFERS DUE MONDAY, JULY 20th AT 12 NOON*** East of Lincoln, offering a level of flexibility that is becoming increasingly difficult to find in Venice. Whether you are an end user, investor, or builder, this is a rare opportunity in one of the Westside's sought-after pockets. The existing home features… Read More a practical floor plan with well-proportioned living spaces, plus a detached bonus structure that lends itself to a home office, gym, or studio (buyer to verify permitted use). For buyers looking to renovate, the property presents a clear opportunity to modernize and add value without starting from the ground up. For developers: a third-party UnderBuilt analysis indicates the site may support a new single-family residence of approximately 3,271 square feet, plus a 400-square-foot garage exempt from FAR and a detached ADU of up to 1,200 square feet, for approximately 4,800 square feet of total buildable potential. Zoned R1V2 on a flat, regular lot. Recent ground-up development on comparable East Venice lots demonstrates the exit potential. Buyer to independently verify all zoning, development potential, overlays, and buildable square footage with the City of Los Angeles.Half a block from Penmar Park and Penmar Golf Course, and moments from Abbot Kinney, Rose Avenue, the beach, and some of the Westside's most popular restaurants and cafes, the property offers two distinct paths: refine what is here or build what is next. Read Less
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
13
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Partial Baths
1
Square Ft.
2,248
Lot Size
0.14 Acres
Year Built
1949
MLS Number
26860679
Additional Details
Appliances & Equipment
Ceiling Fan, Dishwasher
Building
2,248 sq ft, Built in 1949, Levels: One Level, Attached, Bungalow
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