2021 S Redondo

    Los Angeles (City), CA 90016
    • $1,650,000
    • STATUS: Active Under Contract
    • ON SITE: 51 days
    • MLS #: 18409988
    Under Contract
    UPDATED: 119 min ago
    $1,650,000
    • 5
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,920
      SQFT
    • $421
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    Unbelievable development opportunity in prime Mid City Los Angeles! An extraordinary chance to develop Small Five Lot Subdivisions located in the unique CA Opportunity Zone, allowing incredible tax deferment benefits. This property is situated on approximately 10,000 sqft lot zoned RD2. Highlights include a flat lot with no subterranean or hillside scope of work required. The property will be sold with approved, non-appealable Letter of Intent and Ready to Issue plans with estimated completion date for Feb 2019. Construction documents are currently in process & submitted to LADBS. Re-sell Value of entire subdivision is projected north of $5.5M. Property will also be delivered 100% vacant at close of escrow.

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-16T23:36:25.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.teamwasserman.com/homes/89661485

    2021 S Redondo Los Angeles (City), CA 90016

    • Price: $1,650,000
    • Status: Active Under Contract
    • Updated: 119 min ago
    • MLS #: 18409988
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    3,920
    SQFT
    $421
    $/SQFT
    1941
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    Unbelievable development opportunity in prime Mid City Los Angeles! An extraordinary chance to develop Small Five Lot Subdivisions located in the unique CA Opportunity Zone, allowing incredible tax deferment benefits. This property is situated on approximately 10,000 sqft lot zoned RD2. Highlights include a flat lot with no subterranean or hillside scope of work required. The property will be sold with approved, non-appealable Letter of Intent and Ready to Issue plans with estimated completion date for Feb 2019. Construction documents are currently in process & submitted to LADBS. Re-sell Value of entire subdivision is projected north of $5.5M. Property will also be delivered 100% vacant at close of escrow.
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 4

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 5.00 Cooling Type None Entry Level 0

    Property Features

    Act Total Rent 0.00 Adj Gross Income 187200.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Disclosures Property As Is Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 187200.00 Gross Schedule Inc 0.00 Lot Size Source (Other) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 0.00 Number Of Buildings 1 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Builder Tax Rate 0.00 Total Annual Op Exp 0.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Jonny Ahdoot of Keller Williams Silicon Beach.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-16T23:36:25.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Team Wasserman
    78065 Main Street, Suite 205
    La Quinta CA, 92253