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4080 REDWOOD Avenue, Los Angeles, CA 90066 (MLS # 18344456)

Price $10,595,000
Status Active
Beds 0
Baths 0 bath
Home size 17,088 sq ft
Lot Size 23,846 sqft
Days on Market 161
Price reduced. 3 Contiguous lots being offered with 28 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 $504,564 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.
Property Type(s): Residential Income
Last Updated 10/22/2018 Year Built 1958
Community C13 - Palms - Mar Vista County Los Angeles

Price History

Prior to Jul 20, '18 $11,250,000
Jul 20, '18 - Aug 28, '18 $10,995,000
Aug 28, '18 - Today $10,595,000

Additional Details

AIR Wall Window
AIR CONDITIONING Yes
APPLIANCES Dishwasher
AREA C13 - Palms - Mar Vista
GARAGE Subterranean
LOT 0.55 acre(s)
STORIES 2
VIEW DESCRIPTION None
ZONING LAR3

Location

 

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Listing provided by : James Allan CalDRE:01180635, Coldwell Banker Residential Br

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 10/23/18 7:28 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2018.

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