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    11061 Venice Blvd Los Angeles, CA 90034

    Sponsored
    For Sale
    Under Contract
    $3,550,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    8,840 SF
    Lot size:
    0.43 Acres
    Days on Market:
    53
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 11061 Venice Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    LAR3
    Rooms
    Bedroom 8, Bedroom 10, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 13, Bathroom 16, Bathroom 10, Bedroom 6, Bedroom 15, Bathroom 3, Bedroom 9, Bathroom 13, Bathroom 7, Bathroom 8, Bathroom 11, Bedroom 12, Bedroom 16, Bedroom 7, Bedroom 4, Bathroom 5, Bathroom 15, Bedroom 14, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 5, Bathroom 12, Bathroom 14, Bedroom 3, Bathroom 9
    Bedrooms
    16
    Bathrooms
    16
    APN
    4252-008-032
    Parking
    16
    Parking features
    Side By Side
    Size
    8,840 SF
    Lot size
    0.43 Acres

    Building Details

    Year built
    1953
    Floors in Building
    2
    Number of units
    16

    Compass [email protected]

    Listing agent D. Timothy Byrne (310) 820-0195 License #01186465

    Listing date Nov 14, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Multifamily Redevelopment Opportunity

    This property presents a 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, totaling 16 units, built around a landscaped courtyard. Each building contains approximately 4,420 square feet, combining for a total of 8,840 square feet. The units are primarily smaller one-bed/one-bath units averaging 556 square feet. The property sits on an oversized 18,783 square foot lot with 16 open parking spaces, with room for additional parking spaces or other options. The 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 built, with flexibility to allocate additional square footage for ADUs, amenities, or community rooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.415788
    Latitude
    34.01416

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    FAQs

    What type of property is this?
    Apartment building - Value-add or development opportunity in prime West Los Angeles location.
    Where is this apartment building located?
    The property is located at 11061 Venice Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,550,000.
    What are key features of this property?
    This property features: - Significant redevelopment potential: Zoned [Q] LAR3-1-O, Tier 3, allowing for development of up to 48 units with a 4.5:1 FAR (approximately 84,500 buildable square feet).; - Value-add opportunity: Current rents are approximately 36% below market, offering immediate upside through repositioning.; - Oversized 18,783 SF lot provides ample space for development or expansion.
    (310) 820-0195
    Request Owner's contact information
    11061 Venice Blvd Los Angeles, CA 90034
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    Los Angeles, CA 90034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11061 Venice Blvd Los Angeles, CA 90034
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