705 Broadway St Venice, CA 90291

Located in Venice, CA, 705 Broadway Street is a two-lot subdivision development under construction. The completed development will include two 3-story small lot houses, each on their own parcel. Plans show Unit 1 area equaling 2,879 SF per zoning and 3,535 SF per building code, and Unit 2 area equaling 2,480 SF per zoning and 3,061 SF per building code. The plans are for the houses to be built side by side; however, the house in development facing east has burned down. The property is zoned RD 1.5. The property size is 6,596 SF. This strategically located property presents a lucrative prospect for development or rental income. The property provides ample space for growth and flexibility for a variety of investment strategies. It is centrally located in a very walkable neighborhood with a walk score of 91 and a bike score of 88. The property is very close to grocery stores, fine dining restaurants, and other conveniences along Lincoln Blvd & Abbot Kinney Blvd. It is located just steps away from Venice Beach, the Venice Canals, and the Venice Beach Boardwalk. The dynamic neighborhood is home to a variety of tech startups, creative spaces, and trendy eateries, making it an attractive location for office and office building investors. The property is located just off Abbot Kinney Blvd, a century-old artistic neighborhood filled with trendy shops and restaurants. It is also minutes from Pacific Coast Hwy (1) & 10 Freeway.