$2,995,000

COMING SOON!!! THIS HIGHLY COVETED AND FABULOUSLY VERSATILE R3-ZONED PROPERTY IN PRIME MAR VISTA NEIGHBORHOOD presents Exceptional Development Opportunity and Potential for Strong Long-Term Investment Returns! Premium R3 Zoning allows you to bypass lengthy zoning variances to break ground quickly on a modern 10-unit apartment building to capture the Westside s booming high-rent, low-vacancy rental and resale markets! Or, convert to Luxury Multi-Story Townhomes up to 45' height, providing maximum buildable square footage. Ideal for efficient structural layouts and optimized subterranean parking configurations. Whether you Build to Rent, Build to Sell, or Remodel to Dwell as your Primary Residence, your investment in this prime corner lot screams Success! Enjoy Ocean Views from Every Level of the existing Single Family Residence currently configured as 7 bedrooms with 3 full baths! Add a Rooftop Deck with Firepit for a Panoramic Sanctuary! Add 2 more ADUs in addition to the existing garage ADU conversion for extra Cash Flow! Want more options? Capitalize on current LA city directives to fast-track approval to build a 100% Affordable Housing PLUS leverage the Transit Oriented Communities (TOC) incentives to significantly increase your unit count, unlock height extensions, and eliminate strict parking minimums. Close to Santa Monica College and centrally located between Marina Del Rey, Culver City, Westwood and Santa Monica. Enjoy trendy shops, restaurants and nightlife along Venice Blvd. and the ever-popular Sunday Farmers Market at the bottom of Grand View Blvd! PLEASE BE COURTEOUS AND DO NOT DISTURB OCCUPANTS. (Professional Photos coming in Active Status)