I need help to find the location of the ORIGINAL GOLD'S GYM in Venice....

[pumpster]

If you keep bringing up reality like that, pumpster and vic are going to hold their breaths until they turn blue.

Actually I think he's saying that the proposed price doesn't make an apartment cash-flow viable under 12-13 floors, which wouldn't be realistic.

[timfogarty]

California real estate pricing has lost all sense of reason.

I agree with that.  I could sell my condo and retire if I wanted to move back to the midwest.

because of today's zoning laws, it would be pretty much impossible to have a business in the location of the old Gold's, and that includes a museum.  You'd need parking, which this lot doesn't have.  That means a business owner would have to buy a nearby building to tear down for parking.   

and again, because of parking, set-back requirements and height limitiations, apartments would be unlikely too.  Perhaps you could tear it down and put 6 condos, all selling for a million or two.  Most likely it will just remain a single unit house.

[pumpster]

because of today's zoning laws, it would be pretty much impossible to have a business in the location of the old Gold's, and that includes a museum.  You'd need parking, which this lot doesn't have.  That means a business owner would have to buy a nearby building to tear down for parking. 

That's why it would take just some small degree of creativity that i haven't seen anywhere here, such as buying the property, selling off Gold's to the highest bidder who would relocate it to a less pricey, more accessible venue. The space could then be redeveloped to maximimze cash flow. The buyer could either be a developer or a 3rd party like Schwarzenegger interested in Gold's, who would subsequently flip the vacated property afterwards.

Glad I could help guys. 

[Slick Vic]

If you keep bringing up reality like that, pumpster and vic are going to hold their breaths until they turn blue. 

Too late! 

[pumpster]

If you keep bringing up reality like that, pumpster and vic are going to hold their breaths until they turn blue. 

Too late!

hahahahahh the empty rhetoric's priceless. Continue, since you have nothing yourself to add..hahahahah