Rare opportunity to acquire two adjacent parcels totaling ±7,976 SF of land in one of LA's most supply-constrained coastal neighborhoods — a few minutes' walk to the sand and 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 vacant single-family bungalow (590 SF) on an adjacent 2,657 SF lot. Combined improvements total just 3,482 SF — roughly 44% site coverage — leaving meaningful air rights and density runway under current zoning. Two adjacent coastal parcels under common ownership is a combination virtually unavailable in Venice today.

Under California's current ADU framework — SB 1211 (effective 2025) and SB 1077 (Coastal Zone streamlining) — a buyer can add 5 detached 1BR/1BA ADUs at 600 SF each plus 1 JADU conversion across the two sites through ministerial approval. No discretionary entitlement, no Coastal Commission hearing, 60-day permitting timeline, no parking required within 0.5 mi of transit. Built modular/prefab at approximately $250,000 per ADU plus a $125,000 JADU conversion and light bungalow renovation, the new units come in at roughly $417/SF all-in — transforming the property from a 5-unit assemblage into an 11-unit Venice beach rental portfolio.

The investment thesis is straightforward: acquire the site, collect rents from the existing units while permitting and constructing the ADUs, and stabilize into an 11-unit portfolio on over 8,000 SF of prime coastal land.