$1,795,000 Price Analysis   ♡   Los Angeles, CA 90008 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.33 acre lot. Listed 2023-10-25, Taxes $12,175 | Ⓧ USDA Ineligible due to property near Los Angeles |
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 exteror 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 countyCulver 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.
Presented by Eric Chen at
Cb Richard Ellis.
Property MLS #CV23199199 from CRMLS
Lot Size Acres: 0.3345
Lot Size Source: Assessor
Lot Size Square Feet: 14572
Source Listing Status: Active
County: Los Angeles
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
Source Property Type: Land
Area: BLDH - Baldwin Hills
Source Neighborhood: BLDH - Baldwin Hills
Parcel Number: 5028006002
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $804,150 $804,150 | $12,175 |
| 2021 | $unknown + $788,383 $788,383 | $10,274 |
| 2020 | $unknown + $780,300 $780,300 | $9,611 |
| 2019 | $unknown + $196,390 $196,390 | $2,553 |
| 2018 | $unknown + $192,540 $192,540 | $2,485 |
| 2017 | $unknown + $188,765 $188,765 | $2,434 |
| 2016 | $unknown + $185,064 $185,064 | $2,388 |
| 2015 | $unknown + $182,285 $182,285 | $2,355 |
| 2014 | $unknown + $178,715 $178,715 | $2,368 |
| 2013 | $unknown + $177,908 $177,908 | $2,363 |
| 2012 | $unknown + $174,420 $174,420 | $2,392 |
| 2010 | $unknown + $170,000 $170,000 | $16,999 |
| 2009 | $unknown + $1,326,510 $1,326,510 | $23,438 |
| 2009 | $unknown + $1,323,366 $1,323,366 | $23,438 |
| 2008 | $unknown + $1,300,500 $1,300,500 | $15,661 |
| 2007 | $unknown + $1,275,000 $1,275,000 | $15,166 |
$1,795,000
CRMLS
Listed 2023-10-25
$1,849,000
CRMLS
Listing removed 2022-09-17
$0
TheMLSCLAW
Price Changed 2022-09-06
$1,795,000
TheMLSCLAW
Price Changed 2022-06-15
$1,895,000
TheMLSCLAW
Listed 2022-04-18
$1,950,000
TheMLSCLAW
Listing removed 2022-04-17
$0
TheMLSCLAW
Listed 2021-11-15
$2,200,000
TheMLSCLAW
Listing removed 2021-05-02
$0
TheMLSCLAW
Listed 2020-11-16
$1,995,000
TheMLSCLAW
Sold 2019-02-21
$765,000
Public Record
Listing removed 2014-06-03
$1,195,000
TheMLSCLAW
Listed 2014-01-07
$1,195,000
TheMLSCLAW
Sold 2011-02-07
$171,000
Public Record
Listing removed 2009-04-01
$1,975,000
TheMLSCLAW
Listing removed 2009-03-31
$1,975,000
ITECH
Listing removed 2009-02-22
$1,975,000
TheMLSCLAW
Listed 2009-02-13
$1,975,000
TheMLSCLAW
Listed 2009-01-06
$1,975,000
ITECH
Listing removed 2008-02-21
$6,150,000
ITECH
Listed 2007-08-20
$6,150,000
ITECH
Sold 2005-09-13
$1,250,000
Public Record
Listing removed 2005-07-01
$1,350,000
ITECH
Listed 2004-10-11
$1,350,000
ITECH
Sold 2001-08-27
$52,500
Public Record
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  | |||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.