This contemporary building in Mid-City Los Angeles, constructed in 2019, is non-LA rent controlled and boasts 5 upscale vertical townhouses, each designed with modern architecture that harmonizes style and functionality. Each unit features a spacious layout, including 6 bedrooms and 6.5 bathrooms, complete with elegant hardwood floors and thoughtfully designed interiors that showcase three levels of luxurious suites, each equipped with designer bathrooms and ample closet space. The entry level welcomes residents and guests with a generous living room, complemented by a guest bath and a chef's kitchen adorned with slab countertops and high-end stainless steel appliances ideal for entertaining. Additional building highlights include a secure gated entry, an inviting outdoor community courtyard, and 16 gated parking spaces. The property is pet-friendly, making it an attractive option for a diverse range of tenants. This prime location in Mid City LA offers easy access to vibrant local amenities and transportation options including the 10, 405, 110 freeways and E and K metro Line. The property currently has a solid 14.27 GRM and 5.5% cap rate despite having one vacancy. Fully occupied, the property has the potential to generate a gross income of $537k/year equating to an unheard of pro forma GRM of 11.16 and 7.2% cap rate. There are plans to add an additional 1bd/1ba ADU that could add additional income. Seller has priced this aggressively and is calling for offers by November 22, 2024. Tours can be scheduled of the vacant unit with listing agents. Contact us soon before it goes!
|
DAYS ON MARKET
|
32
|
LAST UPDATED
|
10/30/2024
|
|
YEAR BUILT
|
2019
|
COMMUNITY
|
Mid Los Angeles
|
|
GARAGE SPACES
|
16.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dryer, Microwave, Refrigerator, Washer |
| AREA |
Mid Los Angeles |
| GARAGE |
Community Structure, Covered, Yes |
| HEAT |
Central |
| LOT |
10083 sq ft |
| PARKING |
Covered,Community Structure |
| POOL DESCRIPTION |
None |
| STYLE |
Contemporary |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| ZONING |
LARD2 |
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Listed with The Collective Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/25/24 2:45 PM PST and /or other sources. 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 or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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