- 1 Bed
- 1 Bath
- 8,840 Sqft
- .43 Acres
11061 Venice Boulevard
Great value-add or development opportunity in a prime West Los Angeles location. Current rents are approximately 36% below market, offering immediate upside through repositioning. Alternatively, the property serves as a strong interim hold for a covered land play with significant future redevelopment potential. The existing improvements consist of two twin 8-unit apartment buildings (16 units total) built around a landscaped courtyard. Each building contains approximately 4,420 SF (8,840 SF combined), primarily comprised of smaller one-bed/one-bath units averaging 556 SF. The property sits on an oversized 18,783 SF lot with 16 open parking spaces, with room for additional parking spaces or other options. Priced at $213/SF for the land, this Property is zoned [Q] LAR3-1-O, Tier 3. This site allows for density with bonus to support the development of up to 48 units with a 4.5:1 FAR, which would allow approximately 84,500 buildable square feet. A new 6- to 7-story development could be built, with flexibility to allocate additional square footage for ADUs, amenities, or community rooms.
Essential Information
- MLS® #25591597
- Price$3,550,000
- Bedrooms1
- Bathrooms1.00
- Square Footage8,840
- Acres0.43
- Year Built1953
- TypeResidential Income
- StatusActive Under Contract
Community Information
- Address11061 Venice Boulevard
- AreaC13 - Palms - Mar Vista
- CityLos Angeles
- CountyLos Angeles
- Zip Code90034
Amenities
- Parking Spaces16
- ParkingSide By Side
- GaragesSide By Side
- PoolNone
Interior
- HeatingWall Furnace
- CoolingNone
- # of Stories2
- StoriesMulti/Split
Additional Information
- Date ListedSeptember 12th, 2025
- Days on Market101
- ZoningLAR3
Listing Details
- AgentD. Timothy Byrne
- OfficeCompass
Price Change History for 11061 Venice Boulevard, Los Angeles, (MLS® #25591597)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – | |
| Price Reduced from $3,999,000 to $3,550,000 |
D. Timothy Byrne, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of December 22nd, 2025 at 6:40pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.