Listing by: ERIC CHEN, CB RICHARD ELLIS, 626-757-5717
0 Beds
n/a Full bath
n/a SqFt
Active
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.