Pending
1700 S Redondo BLVD
LOS ANGELES CA, 90019
$3,350,000
$446.43 per sqft
Pending
17 Beds
14 Baths
7,504 sqft
Residential
Built in 2024
1700 S Redondo Blvd is a massive, architecturally striking brand new construction fourplex in prime Mid-City! This highly elevated, multi-dimensional "double duplex" was constructed with ample steel, making it more structurally sound than your everyday fourplex. With huge rooftop decks with awe-inspiring views of Los Angeles, the nicest curb appeal in Mid-City, an unbeatable unit mix of two 5 beds, one 4 bed and one 3 bed, and designer finishes, we project an outstanding 5.85% cap rate. In addition to the high return and top-tier construction, it's also important to note that the property falls in an opportunity zone- a major tax benefit to buyers (consult with your CPA). The property boasts separate meters for all utilities, minimal expenses, and a 1-year builder s warranty! 1700 S Redondo is situated 3 minutes from the convenient Midtown Shopping Center (Target, Sprouts, Five Guys, & more) and 10 minutes from Culver City and the countless local hotspots and conveniences in the area, including the trendy Helms Bakery District! This neighborhood has rapidly transformed into the hottest rental market in Los Angeles, with several of the most exciting mixed-use developments a short drive from this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), Platform, and the Cumulus District (Whole Foods). Thanks to the huge supply of entertainment, tech and creative jobs in Mid-City, 1700 S Redondo will attract high quality professional tenants. Cap rates haven t been this high for several years- now is your time to lock up unheard of good deals! There is no safer investment than Los Angeles new construction multi-family.
BB24042309MR
MLSⓇ ID
March 4, 2024
Listed
May 9, 2024
Updated
Map
1700 S Redondo BLVD
LOS ANGELES CA, 90019
Interior Features
Total Stories
3
Bedrooms
17
Total Bathrooms
14
Appliances
Dishwasher, Dryer, Dryer Included, Freezer, Inside, Refrigerator, Washer, Washer Included
Laundry Description
Dryer, Dryer Included, Inside, Washer, Washer Included
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.18 Acres
Architectual Style
Modern
Sewer
Public Sewer
Other Property Details
Area Name
Mid Los Angeles
Taxes
$41,367
Tax Frequency
Annually
Days on Market
44
Garage
Yes
Garage Spaces
4
Parking Total
8
View
Yes
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARD1.5
Listing History
Date | Event | Price |
---|---|---|
4/26/2024 | Pending | — |
4/15/2024 | Price Change | $3,350,000 -3% |
4/8/2024 | Price Change | $3,449,000 -3% |
Listed by Elizabeth Maddox with Myunits.com Inc.
Listing Contact: 818-850-8485
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Debbie Weiss shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024