Listing by: ERIC CHEN, CB RICHARD ELLIS, 626-757-5717

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n/a Full bath

n/a SqFt

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4529 Don Ricardo Drive (the "Property"), a 27-unit, ±14,572 SF multifamily development opportunity, in the Baldwin Hills Estates neighborhood of Los Angeles. Nestled between two condo developments on Don Ricardo Drive between Hillcrest Drive and Don Jose Drive, the offering presents a unique opportunity to acquire a parcel of land atop the Baldwin Hills Estates hillside with unobstructed panoramic views of Downtown Los Angeles, Hollywood, and West Los Angeles. The Baldwin Hills-Crenshaw neighborhood has seen an increasing amount of attention from developers due to the Crenshaw/ LAX Metro rail line expansion project. Major thoroughfares surrounding the land parcel include La Brea Avenue, Crenshaw Boulevard and Stocker Boulevard. The location offers a myriad of retail options, a plethora of major employers nearby, excellent accessibility to coastal cities and highways that connect to the rest of Southern California. 4529 Don Ricardo Drive will feature a six-story, 27-unit building with contemporary-style exterior and interior design, fully-equipped luxury in-unit amenities, and a rooftop deck featuring a pool, cabanas, yoga deck, dog park, BBQ grills, and more. The development is situated on one parcel of land for a total lot size of ±14,572 SF. The architectural plans propose for ±30,316 total rentable net square feet and ±8,068 total square feet of amenity space totaling ±38,384 gross square feet. The hillside unit mix will encompass one, two- and three-bedroom floor plans ranging from 961 to 1,610 SF. The in-unit amenities will include central air conditioning and heating, state-of-the-art stainless-steel appliances, balconies/patios and much more. EV charging stations are possible with plans allotted for 36 parking spaces total. The property offers convenient access to the 10, 110 and 405 freeways and neighboring cities in the county—Culver City, Beverly Hills, and the thriving city of Playa Vista, a.k.a. Silicon Beach, which is the new hub for tech titans like Facebook, Google, YouTube Space LA, Verizon and more. The newly developed, The Campus in Playa Vista, is within a quick 6-mile drive away. 4529 Don Ricardo Drive is a prime multifamily development opportunity that will serve as a fantastic long-term investment. The property is in an exceptional area, with desirable underlying zoning in place, and offers a rare opportunity for a developer to build new product in this neighborhood.

Property Details
Price $1,795,000
Lot Size Area 14572
Lot Size Area Units Square Feet
Acres 0.3345
Property Type Land
Exterior Features Curbs,Sidewalks
View City Lights,Panoramic
Lot Description Lot 10000-19999 Sqft
Association Fee 0
Geographic Data
Directions Take I-10W, Exit La Brea Ave, Turn Left onto Obama Blvd, Turn Right onto W Martin Luther King Jr Blvd, Turn Right onto Hillcrest Dr, Turn Right onto Don Ricardo Dr
County Los Angeles
Latitude 34.011169
Longitude -118.351764
Market Area BLDH - Baldwin Hills
Address Information
Address 4529 Don Ricardo Drive, Los Angeles, CA 90008
Postal Code 90008
City Los Angeles
State CA
Country United States
Listing Information
Listing Office CB RICHARD ELLIS
Listing Agent ERIC CHEN
Listing Agent Phone 626-757-5717
Buyer Agency Compensation 2.000
Attribution Contact 626-757-5717
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
MLS Information
Days on market 141
MLS Status Active
Listing Date Oct 25, 2023
Listing Last Modified Feb 29, 2024
Tax ID 5028006002
Tax Annual Amount 12175
MLS Area BLDH - Baldwin Hills
MLS # CV23199199

This information is believed to be accurate, but without any warranty.
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