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4529 Don Ricardo Drive

Los Angeles (City), CA 90008
  • $1,849,000
  • STATUS: Active
  • ON SITE: 123 Days
  • ID#: CV23199199
UPDATED: 37 min ago
$1,849,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Eric Chen of CB RICHARD ELLIS (909-418-2000) and Joyce Goldstein of ()


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T19:32:55.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
www.century21jordanlink.com/homes/144721961
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4529 Don Ricardo Drive Los Angeles (City), CA 90008

  • Price: $1,849,000
  • Status: Active
  • On Site: 123 Days
  • Updated: 37 min ago
  • ID#: CV23199199
0
Beds
0
Baths
0
½ Baths
0.33
Acres
Neighborhood:
BLDH - Baldwin Hills
County:
Los Angeles
Area:
BLDH - Baldwin Hills
Property Description
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.
Exterior Features

View City LightsPanoramic View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Planned Development Community Features CurbsSidewalks Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 12175.9 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T19:32:55.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
 
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CENTURY 21 Jordan-Link & Co.
2300 W. Whitendale Ave
Visalia CA, 93277
Listing Agent(s): Eric Chen of CB RICHARD ELLIS (909-418-2000) and Joyce Goldstein of ()