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, landlords avoid utility expenses, boosting profitability. the property’s prime location enhances its value and tenant appeal. located less than 1.3 miles from usc’s west entrance and 1.8 miles from the los angeles memorial coliseum and lafc stadium, the building benefits from proximity to key city landmarks and vibrant attractions. boasting an 85 walk score, tenants enjoy easy access to freeways, public transportation, and nearby shopping, dining, and entertainment. the neighborhood’s thriving rental market ensures long-term appreciation and consistent occupancy. investors also gain peace of mind with a 1-year builder warranty, while the green-certified construction offers energy efficiency and reduced tenant utility costs. the property includes 12 parking spaces (8 covered garage spots and 4 uncovered), a rare and desirable feature in los angeles. best of all, this property is exempt from rent control, allowing for maximum rental income and flexibility. whether expanding your portfolio or seeking a high-performing investment, this property offers unmatched financial benefits, modern amenities, and strong market potential.
Property Type
Residential IncomeCounty
Los AngelesStyle
ModernAD ID
47683105
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Composition
- Exterior Property Features : Rain Gutters
- Windows: Wood Frames
- Property Appliances: Convection Oven,Dishwasher,Electric Range,Disposal,Refrigerator,Range Hood,Trash Compactor,Vented Exhaust Fan,Water Heater
- Fireplace: None
- Flooring: Vinyl
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
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Exterior Features
Building Information
- Year Built: 2024
- Building Area Total: 10,760
- Construction: Drywall,Stucco,Vinyl Siding
- Roof: Composition
Exterior Features
- Rain Gutters
Foundation
- Slab
Security Features
- Carbon Monoxide Detector(s),Fire Sprinkler System
Accessibility Features
- Accessible Doors
Pool Features
- None
Laundry Features
- Electric Dryer Hookup,Gas Dryer Hookup
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1947
- Lot Size Source: Assessor
- Lot Size Square Feet: 8479
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Listing Information
Listing Price Information
- Original List Price: 3,700,000
- Listing Contract Date: 2024-11-18
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5128011005
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: All Utilities
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Postal Code Plus 4: 1542
- Directions: Adams blvd and San Pedro St
- Zoning: LARD1.5
- Source Property Type: Residential Income
- Area: 699 - Not Defined
- Property SubType: Townhouse
Building and Construction
- Property Age: 0
- Common Walls: 2+ Common Walls
- Structure Type: Townhouse
- Year Built Source: Builder
- Entry Level: 1
- Entry Location: Front
- Property Attached: Yes
- Levels or Stories: Three Or More
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BuyOwner last updated this listing 11/21/2024 @ 11:44
- MLS: OC24234576
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 10,760 sqft, 8,479 sized lot, and 8 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90011, this Los Angeles County Home are nearby neighborhoods.