Shovel-Ready Multifamily Development
For Sale
$6,495,000
1015 Venice Blvd., Los Angeles, CA 90015
Permits are issued and paid for a planned five-story 56-unit multifamily community over subterranean parking.
Property Size13,061 SF
Price / SF$497.28
Days on Market264
Property Features for 1015 Venice Blvd.
General Information
Standard status
Active
Size
13,061 SF
Property subtype
Land Lot
Zoning
LAR4
Additional Details
Multifamily Units
56
Amenities
No
Building Details
Stories
5
Construction
contemporary
Listing Agency:
Miller & Desatnik Realty Co.
(323) 948-7507
Listed By:
David Miller · License #02105346
(323) 948-7507
Source:
Compass
Added: Nov 18, 2025
Changed: Aug 8
Last Checked: Mar 25 at 5:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller & Desatnik Realty Co.
Investment Insights
Based on property information with market context.
This shovel-ready development site has permits issued and paid for, with approved plans in place and designed to avoid redesign cycles or tenant relocations. The project is engineered as a contemporary five-story, 56-unit multi-family community elevated above one level of subterranean parking.
The approved unit mix includes 15 studios sized 389–422 SF; 33 one-bedrooms sized 541–664 SF; five one-bedrooms sized 526–549 SF (listed as LI in the remarks); one single-bedroom unit at 417 SF; and additional one-bedroom plus den configurations at approximately 549 SF. The plans also include architectural, structural, and MEP documentation plus city permit costs, with approximately $450,000 noted as already paid.
The development is structured with 50 market-rate units and six affordable set-asides, providing a direct path to begin construction at 1015 Venice Blvd., Los Angeles, CA 90015.
The approved unit mix includes 15 studios sized 389–422 SF; 33 one-bedrooms sized 541–664 SF; five one-bedrooms sized 526–549 SF (listed as LI in the remarks); one single-bedroom unit at 417 SF; and additional one-bedroom plus den configurations at approximately 549 SF. The plans also include architectural, structural, and MEP documentation plus city permit costs, with approximately $450,000 noted as already paid.
The development is structured with 50 market-rate units and six affordable set-asides, providing a direct path to begin construction at 1015 Venice Blvd., Los Angeles, CA 90015.
Key Highlights
- Permits have been issued and paid for, enabling construction to start immediately
- Approved plans for a five‑story, 56‑unit multifamily community with elevated construction over one level of subterranean parking
- Unit mix includes 15 studio‑style single units (389–422 SF) and multiple 1‑bedroom and 1‑bedroom+den options (from 417 SF to 664 SF)
Property Analytics
Current Use
Lease Details
56
Residential units
Location Intelligence
Trade Area within ½ mile
10,941
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Permits are issued and paid for a planned five-story 56-unit multifamily community over subterranean parking.
Where is this residential land & home lot located?
The property is located at 1015 Venice Blvd. Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: Permits have been issued and paid for, enabling construction to start immediately; Approved plans for a five‑story, 56‑unit multifamily community with elevated construction over one level of subterranean parking; Unit mix includes 15 studio‑style single units (389–422 SF) and multiple 1‑bedroom and 1‑bedroom+den options (from 417 SF to 664 SF)
