Venice Beach development opportunity on a rare R3 double lot. Existing structure is a 3 unit building that can be delivered vacant. The owner is working on plans to build additional 4 units at the back of the property that will be loft style luxury rentals with rooftops patios for fantastic ocean views and views of Venice and Santa Monica boardwalks. Projected rent for completed project is $450,000 yearly. Several development options are available with existing zoning. *See drone video under virtual link.