Venice 2, Los Angeles, California

Equity raised

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Venice 2, Los Angeles, California 2017-05-30T14:28:01+00:00

Project Description

Acquisition of three lots for demolition and construction of six single family homes in desirable areas.

1011 5th Ave | 728 Indiana Ave| 732 Indiana Ave, Venice, CA 90291, USA

Year launched

2014

Equity raised

$3,360,000

Expected duration

24 Months

24.02%

About the neighborhood

Venice is a beachside neighborhood in L.A., well known for its beautiful beaches, the promenade stretching across it, and many tourist attractions. The neighborhood boasts positive migration of high-tech companies and employees moving into the new, high-tech zone in the area.

About the developer

Ilan Kenig has 30 years experience in the funding, management and development of real estate and has expertise in banking.  He is the founder and CEO of FMB investment consulting firm. Eli Pitlovich works as an entrepreneur and project and investment manager.  In the past, Pitlovich was VP of Investments at Remax.

The opportunity

Acquisition of three lots for demolition and construction of six single family homes in desirable areas.

Other projects by the developer