See all 21 photos
21 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,700,000
Est. payment /mo
10,760 SqFt
UPDATED:
11/20/2024 08:27 PM
Key Details
Property Type Commercial
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 10,760 sqft
Price per Sqft $343
MLS Listing ID CROC24234576
HOA Y/N No
Year Built 2024
Lot Size 8,479 Sqft
Acres 0.19
Property Description
Discover an exceptional investment opportunity with this stunning new construction, green-certified six-unit building in the heart of Los Angeles. The building features a diverse mix of two 4-bedroom, 3-bath units; two 4-bedroom, 4-bath units; and two 3-bedroom, 3-bath units. Each unit is meticulously designed with open floor plans, spacious living and dining areas, gourmet kitchens equipped with stainless steel appliances, quartz countertops, and stylish cabinetry. Additional highlights include private yards, in-unit laundry, central HVAC, and sleek, modern bathrooms with premium fixtures. Ample closet space and high-end, durable finishes complete these thoughtfully designed units, built to attract tenants and minimize maintenance costs. Currently fully occupied, the property delivers a strong 5.83% cap rate in year one, with projections increasing to 6.12% in year two due to built-in rent escalations. Adding to the investment’s appeal is the potential to convert two garages into Accessory Dwelling Units (ADUs), creating two additional 2-bedroom units with custom amenities such as kitchens, bathrooms, and living spaces. This value-add opportunity could unlock a potential 7.5% cap rate, further enhancing the already impressive cash flow. With each unit separately metered, landl
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Heating Other
Cooling Central Air
Flooring Vinyl
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
Handicap Access Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5128011005
Read Less Info
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Drew Dunn • Four Brothers Real Estate, Inc.
GET MORE INFORMATION
Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122