674 Olive Street

  • Venice

  • $1,539,888
  • 4
  • 2F


REDUCED $59,000.000 Great opportunity for an investor. Architect available to take through to completion. These plans were completed and design was taken to coastal commision and venice specific plan. The coastal commission said the design could be accepted for a 'coastal exempt status'(nickname: CEX). With this exemption, buyer will be spared an estimated one year's process with the coastal commission and it's rounds of public hearings.To apply for a coastal exemption is next step and would take 6 weeks, cost $1900 fee with application. The main criteria that the revised design meets in order to get the coastal exemption is that we use 50% or more of the walls that are there. There are other influencing factors that could see a project rejected, but we do not believe that any would apply to this project. For example, we have consciously limited our height so as not to exceed what is there presently for a 2,546 sq. ft. main house and a 512 sq. ft. studio/recreation room with a 1/2 bath for a total of 3,058 sq. ft. of top notch state of the art modern designed. These plans have not been submitted for approval as of yet, but the plans have been vetted through building and safety and meet all building requirements (buyer to do there own due diligence). The photo of an actual property is a match to the architectural plans. There is no guarantee the property will be exactly the same at completion.
MLS #RS18183580
Full Baths2
Square Feet≈ 1,460
Sub-TypeSingle Family Residence
Listing BrokerageTLC Real Estate Services Inc
Listing AgentDavid Hochman
Listing Agent BRE #00769094
Garage Spaces2
AreaC11 - Venice
Address674 Olive Street
CountyLos Angeles
DistrictLos Angeles Unified


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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, September 28, 2018. 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.