Monday, January 30, 2012

Venice Development Alert: 6 Townhome Project for Sale at Sunset and 4th; Construction Underway; Permits Paid / Pulled; Just Add Intrepid Developer and $2 million Cash

On the hunt for a rare-to-find development opportunity in Venice?  Look no further than this six townhome development site on the corner of Sunset and 4th just steps away from the world famous Golds Gym.  The project has been approved, and permits have been paid/pulled.  For $2 million, this can be yours:

“The project was designed by William Adams Architects and is a project unlike any other for this area requiring all on-grade construction. The garage floor can fit a maximum of 3 cars or 2 cars and an open workspace area. The garage floor also includes a washer/dryer area and a full Bathroom. The 1st floor is an open living area with a double height ceiling in the kitchen. The living area includes a fireplace and a private attached patio. Both the master bed and second bedroom are on the 2nd Floor and lay on adjacent sides of the development. The master includes a sitting area, a large shower and a walk-in closet...All of the 6 units are to be sold as market rate town homes.

As I have previously reported, this little pocket of Venice is going through a real growth spurt and renaissance. With rentals few and far between and smartly priced homes moving fast, I can see these townhomes being snapped up quickly. For further information on this development or for any other real estate advice in Venice and the Westside, don't hesitate to drop me a line by clicking on this link.