10961 Venice Blvd
Los Angeles, CA, 90034 $ 4,000,000
Bedrooms-- Baths-- Sq 4,446 Monthly Estimate*
$ 24,629
Listed by Lyon Stahl Investment Real Estate, Inc.
for $4,000,000. This 4,446 square foot building was built on a lot size of 0.2803.
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.
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FeaturesGeneralUtilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Property Subtype Mixed Use
Additional Parcels Description 4252014020
County Los Angeles
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Directions Northwest corner of Military Ave and Venice Blvd
City Los Angeles
MLS Area C13 - Palms - Mar Vista
Lot Size Units Square Feet
Lot Size Square Feet 12208
Listing Terms Cash Cash to New Loan 1031 Exchange
Land Lease Y/N false
Current Financing None
Additional Parcels Y/N true
Lease Considered Y/N false
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Mixed Use
Expected Active Date 2025-12-15
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InteriorTotal Stories 1
Laundry Features See Remarks
Entry Level 1
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ExteriorLot Features 0-1 Unit/Acre
Water Source Public
Lot Size Area 12208
Number of Buildings 2
Building Area Total 4446
Lot Size Acres 0.2803
Lot Size Source Assessor
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* Excluded FeaturesList ByLyon Stahl Investment Real Estate, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $24,629
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Los Angeles, CA
Average List Price $2,309,879
Percent of Sale Price 42%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/15/2025 | $4,000,000 | | Listed Price |