12034 Venice Blvd Los Angeles, CA 90066
Mar Vista NeighborhoodEstimated payment $35,411/month
About This Lot
We are proud to present for sale a 97 Unit Mixed Use Development opportunity in the downtown Mar Vista Submarket of West LA. 97 Units is the maximum density permitted under the recently adopted Citywide Housing Incentive Program (CHIP). This would be one of the most desirable buildings in Mar Vista, and is the lowest Price per Buildable Door in West LA. This presents a rare institutionally sized opportunity qualified for ministerial approval. Downtown Mar Vista is a highly desirable submarket, with over $6 per square foot rents. Residents can walk to the Mar Vista Farmers Market and numerous restaurants and Cafes.Using the recently enacted CHIP Ordinance, a Buyer can build a 97 unit project with no height limit, a 4:2:1 FAR, and no parking minimum. An 8 Story, 69,124 Square Foot Building could be constructed on the 16,458 Square Foot Lot. The finished building would offer unobstructed views on all sides, starting on the 3rd floor up the roof deck. The site is clear of power line issues and has no encroachment interferences. The project would qualify for a ministerial approval, straight to LADBS Plan Check. No entitlement process is needed. The project would not be subject to public hearings or appeals and is statutorily exempt from CEQA. There are no discretionary approvals that could stand in the way of this project. Financially, the project can allow a developer to generate a generous return based on reasonable assumptions for hard costs, soft costs, and rents. (Project includes 12028-12034 Venice Blvd. APN #4235-024-005 and #4235-024-006).
Property Details
Property Type
- Land
Est. Annual Taxes
- $29,462
Lot Details
- 16,458 Sq Ft Lot
- Property is zoned LAC2
Listing and Financial Details
- Assessor Parcel Number 4235-024-006
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $29,462 | $2,397,000 | $2,274,600 | $122,400 |
| 2023 | $10,871 | $847,264 | $751,614 | $95,650 |
| 2022 | $10,388 | $830,652 | $736,877 | $93,775 |
| 2021 | $10,250 | $814,366 | $722,429 | $91,937 |
| 2019 | $9,955 | $790,213 | $701,002 | $89,211 |
| 2018 | $9,751 | $774,719 | $687,257 | $87,462 |
| 2016 | $9,312 | $744,638 | $660,571 | $84,067 |
| 2015 | $9,180 | $733,454 | $650,649 | $82,805 |
| 2014 | $9,217 | $719,087 | $637,904 | $81,183 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | Price Changed | $5,950,000 | -5.5% | -- |
| 02/03/2025 02/03/25 | For Sale | $6,295,000 | 0.0% | -- |
| 01/31/2025 01/31/25 | Off Market | $6,295,000 | -- | -- |
| 08/01/2024 08/01/24 | Price Changed | $6,295,000 | 0.0% | -- |
| 08/01/2024 08/01/24 | For Sale | $6,295,000 | -8.8% | -- |
| 07/31/2024 07/31/24 | Off Market | $6,900,000 | -- | -- |
| 06/10/2024 06/10/24 | For Sale | $6,900,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,350,000 | Ticor Title | |
| Grant Deed | $620,000 | Southland Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $310,000 | United Title Company | |
| Joint Tenancy Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,100,000 | Credit Line Revolving | |
| Previous Owner | $353,000 | Commercial | |
| Previous Owner | $389,000 | Commercial | |
| Previous Owner | $403,000 | Commercial | |
| Previous Owner | $232,000 | Commercial |
Source: The MLS
MLS Number: 24-402237
APN: 4235-024-006
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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