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10967 Venice Blvd - 10961-10967 W Venice Blvd 0.28 Acres of Commercial Land Offered at $5,543,200 CAD in Los Angeles, CA 90034
INVESTMENT HIGHLIGHTS
- Prime Palms, West LA Location – Ideal for residential and mixed-use development
- Corner Lot – 110 ft × 111 ft with frontage, side, and alley access
- May Qualify as ED-1 Eligible Site – Supports 100% affordable housing
- Two Adjacent Parcels – Totaling 12,208 SF, zoned C2-1
- Market Rate (~32 Units), TOC Tier 3 (~57 Units), 100% TOC (~60 Units)
- Parcels Sold Together – Both parcels must be acquired as one
EXECUTIVE SUMMARY
10961–10967 W. Venice Boulevard is a prime West Los Angeles development opportunity located in the Palms neighborhood (90034). Situated on two contiguous parcels totaling 12,208 square feet, the property occupies a corner lot zoned C2-1 with frontage, side, and alley access. The lot measures approximately 110 feet by 111 feet and is currently improved with an auto body shop, smog shop, four residential units, and two billboards. Both parcels are to be sold together.
The site offers excellent development potential with multiple options: (1) Market Rate — up to 32 units with a FAR of 18,132 square feet; (2) TOC Tier 3 with a 70% Density Bonus — up to 57 mixed-income units with a FAR of 45,780 square feet; and (3) 100% TOC — up to 60 mixed-income units with a FAR of 51,884 square feet. The property may qualify as an ED-1 eligible site, allowing for 100% affordable housing development.
Ideally located near major Westside employment and tech hubs, including Amazon, Fox, Sony, Apple, HBO, and 500+ Silicon Beach companies, the property offers easy access to dining, shopping, and entertainment such as the Culver City Arts District, Westfield Century City, and Runway Playa Vista, with convenient connectivity via the Palms Expo Line Station and the 10 and 405 freeways.
With its favorable zoning, strong fundamentals, and strategic location, 10961–10967 W. Venice Boulevard represents an exceptional development opportunity in one of West LA’s most dynamic neighborhoods.
The site offers excellent development potential with multiple options: (1) Market Rate — up to 32 units with a FAR of 18,132 square feet; (2) TOC Tier 3 with a 70% Density Bonus — up to 57 mixed-income units with a FAR of 45,780 square feet; and (3) 100% TOC — up to 60 mixed-income units with a FAR of 51,884 square feet. The property may qualify as an ED-1 eligible site, allowing for 100% affordable housing development.
Ideally located near major Westside employment and tech hubs, including Amazon, Fox, Sony, Apple, HBO, and 500+ Silicon Beach companies, the property offers easy access to dining, shopping, and entertainment such as the Culver City Arts District, Westfield Century City, and Runway Playa Vista, with convenient connectivity via the Palms Expo Line Station and the 10 and 405 freeways.
With its favorable zoning, strong fundamentals, and strategic location, 10961–10967 W. Venice Boulevard represents an exceptional development opportunity in one of West LA’s most dynamic neighborhoods.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $5,543,200 CAD | Lot Size | 0.28 AC |
| Price Per AC | $19,780,611.97 CAD |
| Price | $5,543,200 CAD |
| Price Per AC | $19,780,611.97 CAD |
| Lot Size | 0.28 AC |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $510,475 CAD | |
| Land Assessment | $3,699,853 CAD | Total Assessment | $4,210,327 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,699,853 CAD
Improvements Assessment
$510,475 CAD
Total Assessment
$4,210,327 CAD
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10967 Venice Blvd - 10961-10967 W Venice Blvd
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