INCOME PRODUCING RTI DEVELOPMENT OPPORTUNITY. Land, entitlements and Ready to Issue (RTI) plans for an approximately 9,000 square foot, 9 unit, ultra modern apartment building on a highly visible corner lot along a prime section of Venice Blvd near Abbot Kinney. Planned unit mix is 8, 2 bedroom, 2 bathroom units and 1, 1 bedroom 2.5 bathroom unit. Plans also include 2 single ADU's that can be legalized after Certificate of Occupancy is issued for a total of 11 rentable units. OWNER RECENTLY UPDATED/RENOVATED EXISTING UNITS W PERMITS. FIRST EXTENSION OF APPROVAL HAS BEEN FILED AND EXTENDED FOR ONE YEAR (REPEATABLE PROCESS FOR ADDITIONAL EXTENSIONS) AND PAPERWORK IS FILED FOR AN ADU.