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Luxury Live Auction! Bidding to start from $2,500,000! 2023 NEW BUILD yielding an exceptional 6.4% CAP RATE. This non-rent-controlled (5) unit asset is thoughtfully designed across three separate buildings, offering both architectural appeal and operational efficiency. The first & second buildings each feature a spacious 4-bedroom / 4-bathroom residence and a 3-bedroom / 3-bathroom unit. The third building consists of a detached ADU offering a well-designed 1-bedroom / 1.5-bathroom layout. All units showcase modern open-concept designs with high ceilings, recessed lighting, modern flooring, stone countertops, custom cabinets and contemporary kitchens equipped with stainless steel appliances and gas ranges. Units include central HVAC and in-unit washer and dryer. The larger (3) and (4) bedroom residences each offer private 2-car garages with EV charging capability, enhancing tenant appeal and long-term rent durability. Each unit is separately metered for electric, gas, and water and includes solar panels with individual meters "” supporting efficient expense management and strong NOI performance. Strategically located just west of Figueroa and south of Vernon Avenue, the property sits minutes from USC, Downtown Los Angeles, Exposition Park, BMO Stadium, and major employment hubs "” driving consistent tenant demand from students, professionals, and families alike. In summation, this turnkey 2023 new build asset combines modern construction, strong in-place income, and long-term appreciation potential in one of Los Angeles' most active rental corridors.
| DAYS ON MARKET | 3 | LAST UPDATED | 3/13/2026 |
|---|---|---|---|
| YEAR BUILT | 2023 | COMMUNITY | C23 - Metropolitan |
| GARAGE SPACES | 8.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Washer |
| AREA | C23 - Metropolitan |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Recessed Lighting, Walk-In Closet(s) |
| LOT | 7248 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Level |
| LOT DIMENSIONS | 7248 |
| PARKING | Assigned, Driveway, Garage, Paved, See Remarks, Tandem |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/16/26 10:06 AM PDT 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
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