11061 Venice Boulevard

Los Angeles CA 90034

8840 sq. ft.

18783 sq. ft.

Other

Last sold for $2,980,000

D. Timothy Byrne, last sold this property on 08 January 2026 after 117 days on market.

Overview

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.

Features

16 bedrooms

16 bathrooms

16 carspaces

16 open car spaces

8840 sq. ft. floor area

18783 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 16 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 11061 Venice Boulevard

2026

Sold

$2,980,000

08 Jan 2026 by D. Timothy Byrne, of Compass

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