Rare opportunity to acquire two adjacent parcels totaling ±7,979 SF of land in one of LA's most supply-constrained coastal neighborhoods, just a minute walk to the beach and a few minutes to Abbot Kinney Boulevard.

The assemblage includes 2712 Pacific Avenue, a four-unit multifamily building (2,892 SF) on 5,319 SF of RD 1.5-zoned land, and 2709 Strongs Drive, a single-family bungalow (590 SF) on an adjacent 2,660 SF lot. Together, the parcels present an immediate value-add play with significant near-term density upside — a combination virtually unavailable in Venice today.

Under California's current ADU laws, including SB 1211 (effective 2025), a buyer can add up to four detached 1BR/1BA accessory dwelling units across the two sites through ministerial approval — no discretionary entitlement, no Coastal Commission hearing (SB 1077), and a 60-day permitting timeline. At an estimated $500/SF all-in using modular construction, four 600 SF units can be delivered for approximately $1.2M, transforming the property from a five-unit assemblage into a nine-unit Venice beach rental portfolio.

The investment thesis here is straightforward: acquire the existing site, collect rents from the existing and renovated units while permitting and constructing ADUs, and stabilize into a trophy nine unit portfolio over 8,000 SF of prime coastal land.

For buyers seeking Venice exposure with built-in income support and the most streamlined entitlement path, this is one of the few actionable opportunities in the market. Guidance is $4.5 million but buyers are encouraged to submit offers.

All buyers are encouraged to vet all laws, square footage, costs and and business plans with their own advisors. Ownership and brokers provide no representations or warranties on the aforementioned opportunities.