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    2229 Venice Blvd Los Angeles, CA 90006

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    For Sale
    $2,395,000

    Transit-oriented development site, permit-ready for 58 apartment units.

    Lot size:
    0.32 Acres

    Property Features for 2229 Venice Blvd

    General Information

    Lot size
    0.32 Acres

    Source: Evanisko Realty & Investment Agent Francis Evanisko

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Permit-Ready Development Site

    The Harvard House is a 14,130 square foot transit-oriented development site that is delivered permit-ready for the construction of 58 one-bedroom deed-restricted apartment units, leveraging ED-1. The site has been entitled within both CPIO and HPOZ overlays. This location is suitable for affordable housing without parking, situated one block from a shopping center anchored by Food 4 Less, CVS, and Speakeasy Fitness. It is approximately two miles from Staples Center and one mile from West Adams High School. The site benefits from its proximity to various transit options, offering convenient bus, bike, or scooter access to Downtown Los Angeles. It is located between mature residential neighborhoods zoned R2, which do not have parking restrictions. This site is suitable for an efficient builder familiar with the advantages of affordable housing.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

    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
    -118.30705
    Latitude
    34.04371

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    FAQs

    What type of property is this?
    Land - Transit-oriented development site, permit-ready for 58 apartment units.
    Where is this land located?
    The property is located at 2229 Venice Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,395,000.
    What are key features of this property?
    This property features: - Permit-ready for **58 one-bedroom deed-restricted apartment units**, leveraging ED-1.; - **Transit-oriented development site (14,130 SF)** suitable for affordable housing without parking.; - Located one block from a shopping center anchored by Food 4 Less, CVS, and Speakeasy Fitness.
    (818) 985-9700
    Request Owner's contact information
    2229 Venice Blvd Los Angeles, CA 90006
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    Los Angeles, CA 90006
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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
    2229 Venice Blvd Los Angeles, CA 90006
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