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4080 Redwood Ave, Los Angeles, CA 90066

$11,250,000

  • For Sale
  • Active
  • Multi-Family
4080 Redwood Ave, Los Angeles, CA 90066View this property at 4080 Redwood Ave, Los Angeles, CA 90066
4080 Redwood AveLos AngelesCA90066

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.

Full Property Detailsfor 4080 Redwood Ave

General

  • Price: $11,250,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 18-344456
  • Updated: 5/16/2018
  • Added: 34 day(s) ago

Interior

  • Rooms/Areas: Other
  • Appliances: Dishwasher
  • Cooking Appliances: Range Hood, Range

Rooms

Other Rooms

  • Laundry: Community, Community

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector

Parking

  • Parking Type: Underground

Location

  • Area: Palms - Mar Vista (C13)
  • County: Los Angeles
  • Development Name: Palms - Mar Vista (C13)
  • Driving Directions: South of Washington Blvd. East of Lincoln.

Heating & Cooling

  • Cooling Type: Wall/Window Air Conditioning, Ceiling Fan(s)
  • Heating Type: Wall Heater

Structural Information

  • # Buildings: 3
  • Construction: Frame and Stucco
  • Square Feet: 17,088
  • Year Built: 1958

Unit Information

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Property View: No View
  • Lot Size (Sq. Ft.): 23,846
  • Lot Size Source: Public Records
  • Zoning: LAR3
  • Lot Description: 2 to 4 Lots

Financial Considerations

  • Price Per Sq. Ft.: $658.36
  • Terms: Cash to Existing Loan, Exchange Up

Disclosures and Reports

  • Legal Disclosures: Take Property As Is, Rent Control

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— 4080 Redwood Ave —

Schools

Schoolsserving 4080 Redwood Ave

School District:Los Angeles Unified School District
School Name
Grades
Distance
Short Avenue Elementary School
12814 Maxella Ave, Los Angeles, CA 90066
K-6
0.5 mi
Marina Del Rey Middle School
12500 Braddock Dr, Los Angeles, CA 90066
6-8
1.2 mi
Venice Senior High School
13000 Venice Blvd, Los Angeles, CA 90066
9-12
0.5 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 4080 Redwood Ave Get Price Alerts

Date
Details
Price
Change
Source
5/16/2018
Listed
$11,250,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 4080 Redwood Ave

4080 Redwood Ave, Los Angeles, CA 90066 (MLS# 18-344456) is a Multi-Family property with 29 units containing 0 bedrooms and 0 full bathrooms. 4080 Redwood Ave is currently listed for $11,250,000 and was received on May 16, 2018. This property is listed by James Allan from our Venice Office.Want to learn more about 4080 Redwood Ave? Do you have questions about finding other Multi-Family real estate for sale in Del Rey? You can browse all Del Rey real estate or contact a Coldwell Banker agent to request more information.