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.
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?
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.