11061 Venice Boulevard, Los Angeles, CA 90034

Local realty services provided by:Better Homes and Gardens Real Estate Champions
11061 Venice Boulevard,Los Angeles, CA 90034
$3,999,000
  • 16 Beds
  • 16 Baths
  • 8,840 sq. ft.
  • Multi-family
  • Active
Listed by:d. timothy byrne
Office:compass
MLS#:25591597
Source:CRMLS

Price summary

  • Price:$3,999,000
  • Price per sq. ft.:$452.38

About this home

Great value-add or development opportunity in a prime West Los Angeles location. Current rents are approximately 36% below market, offering immediate upside through repositioning. Alternatively, the property serves as a strong interim hold for a covered land play with significant future redevelopment potential. The existing improvements consist of two twin 8-unit apartment buildings (16 units total) built around a landscaped courtyard. Each building contains approximately 4,420 SF (8,840 SF combined), primarily comprised of smaller one-bed/one-bath units averaging 556 SF. The property sits on an oversized 18,783 SF lot with 16 open parking spaces, with room for additional parking spaces or other options. Priced at $213/SF for the land, this Property is zoned [Q] LAR3-1-O, Tier 3. This site allows for density with bonus to support the development of up to 48 units with a 4.5:1 FAR, which would allow approximately 84,500 buildable square feet. A new 6- to 7-story development could be

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Home facts

  • Year built:1953
  • Listing ID #:25591597
  • Added:3 day(s) ago
  • Updated:September 16, 2025 at 10:21 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Living area:8,840 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1953
  • Building area:8,840 sq. ft.
  • Lot area:0.43 Acres

Finances and disclosures

  • Price:$3,999,000
  • Price per sq. ft.:$452.38
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