4529 Don Ricardo Drive, Los Angeles, CA 90008

Property Size:  N/A

Land Size: 14,572 SF

Terms:  Land for Sale

Offered At:  $950,000

4529 Don Ricardo Drive (14,572 sf), zoned R3, is a unique opportunity for ground-up residential development in the prestigious neighborhood of Baldwin Hills Estates, Los Angeles, CA. Nestled between two condo developments, this single lot is the last undeveloped parcel on the block!

With 144 ft of frontage on Don Ricardo Dr., the site offers spectacular unobstructed views of Downtown L.A., Hollywood, and West L.A. A tentative map was previously filed with the city for development of 18 three-bedroom units totaling approximately 26,000 square feet, built over subterranean parking.

Baldwin Hills Estates is an exclusive community of affluent owners and stable renters in South Los Angeles with an average household income exceeding $73,000. Ideally situated near Kenneth Hahn State Park, Jim Gilliam Park, and the Baldwin Hills Crenshaw Plaza, local residents have endless sporting, relaxation, shopping and dining options. In recent years, the area has experienced renewed interest from both private investors and the city of Los Angeles. The Baldwin Hills and Crenshaw areas are experiencing large-scale development projects that include the expansion of the Crenshaw/LAX Metro light-rail line and two million square feet of new office space, retail space, modern dwelling units, and hotel rooms adjacent to the Baldwin Hills Crenshaw Plaza. National anchor retail tenants such as Target and Ross are also scheduled to open nearby at the highly anticipated District Square development. 

POTENTIAL DEVELOPMENT OPPORTUNITY
Proposed # of Units 18
Proposed Unit Size 1,450 SF
Zoning R-3
Property Type Multi-Family/Condo/Co-Op