Address
4080 REDWOOD Avenue Los Angeles, CA
Price
$ 11,250,000
Property Attributes
  • MLS#18344456
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaPalms - Mar Vista
  • Zip90066
  • Style
  • Price$ 11,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17088
  • Lot Size0.55 Acres
Listing Provided Courtesy Of:
James Allan with Coldwell Banker Residential Br.
Property Description

3 Contiguous lots being offered with 29 units combined as a development opportunity in prime Silicon Beach and Del Rey art district. 23,846 sq ft combined lot size situated in the midst of some of the largest developments underway in Los Angeles. Potential to build a large apartment complex or condo's in one of the most sought-after area's close to Playa Vista, Marina Del Rey and Venice Beach. This asset is currently comprised of 29 unit rental property with a mix of 7 studios, 8 (1+1) 13 (2+1) and 1 x 3 bd unit and 34 parking spaces. Rent raises are due in November and a current total GI of $457,331.00 annually still making this a financeable property in its current use. Historically a low vacancy area with high demand for rental units. Google, Snapchat, Yahoo, and Tesla to name a few of the surrounding companies calling Silicon beach their home along with new developments underway with movie theaters, world class Restaurants and shopping within walking distance.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
5/16/2018 Listed $11,250,000

General Features

Listagentstatelicense 01180635
Listing Agent James Allan - BRE#01180635
MLS Area C13 - Palms - Mar Vista
Price Per Square Foot 658.36
Security Features Carbon Monoxide Detector(s), Smoke Detector
Special Listing Conditions Standard
Total Units 29
Zoning LAR3

Interior Features

Air Conditioning Y/N 1
Appliances Dishwasher
Appliances Y/N 1
Cooling Wall Window
Laundry Features Community
Laundry Y/N 1
Room Type See Remarks
Total Stories 2

Exterior Features

Building Area Total 17088.00
Lot Size Source Assessor
Lot Size Square Feet 23846.00
Lotsizeunits Square Feet
Number of Buildings 3
Parking Features Subterranean
Parking Y/N 1
View None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90066

Price
AVG $3.75M
$11.25M
Visits
AVG 28
199
Year Built
AVG 1959
1958

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