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4080 REDWOOD AVE, Los Angeles, CA 90066
Listing# 18344456
 
 
 
 
Price: $11,250,000
Bedrooms: 37
Full Bathrooms: 29
Sq. Feet: 17088
Type: Residential Income
County: Los Angeles
 
 
 
 
    Photo of home for sale at 4080 REDWOOD Avenue, Los Angeles CA
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MAPS:
 
 
 
 
Remarks
 
 
 
 
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.

 
 
 
 
OVERVIEW:
 
 
 
 
Original MLS:18-344456:CLAW
Property Type:Residential Income
Listing Status:Active
Area Name:Palms - Mar Vista
Year Built:1958
Square Feet:17088
Parking Type:Underground
Garage Spaces:34
Heat Type:Wall Heater
Cooling Type:Wall or Window Units, Ceiling Fan(s)
Lot Description:2-4 Lots
 
 
 
 
FEATURES:
 
 
 
 
Security/Safety:Carbon Monoxide Detector(s), Smoke Detector
Appliances:Dishwasher
Cooking Appliances:Range Hood, Range
Property View:No View
 
 
 
 
ROOM INFO:
 
 
 
 
Rooms:Other
Bedrooms:37
Total Baths:29
Total Full Baths:29
Laundry:Community
 
 
 
 
ROOM SIZES:
 
 
 
 
RoomDescription
Laundry RoomCommunity
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$11,250,000
Annual Insurance:$2,204
Annual Maintenance:$35,088
Annual Management Fees:$9,325
Gross Operating Income:$457,343
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01369850 

 

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). 

 

Data last updated: 06/22/2018


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