NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX FULLY LEASED TO SECTION 8 TENANTSWe are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. All units leased to Section 8 tenants at market rents operating at a 5.87% Cap rate. The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood.Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, and supporting services providing high-paying and stable jobs. Mid-City overall has been a very hot market, its centralized location makes it convenient to get to the beach cities or downtown within minutes.This non-rent-controlled luxury complex is comprised of three duplexes, totaling seven new construction townhomes, each with private laundry rooms and parking for select units. The layouts are very functional and desirable among renters. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances, and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property.Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
|
DAYS ON MARKET
|
57
|
LAST UPDATED
|
11/14/2024
|
|
YEAR BUILT
|
2024
|
COMMUNITY
|
Mid Los Angeles
|
|
GARAGE SPACES
|
6.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Oct 30, '24
|
$4,350,000
|
|
Oct 30, '24 - Nov 14, '24 |
$4,325,000
|
| Nov 14, '24 - Today |
$4,299,000 |
| AIR |
Central Air, ENERGY STAR Qualified Equipment |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Washer |
| AREA |
Mid Los Angeles |
| EXTERIOR |
Lighting |
| GARAGE |
Assigned, Yes |
| HEAT |
Central, ENERGY STAR Qualified Equipment |
| HOA DUES |
0 |
| INTERIOR |
Balcony, High Ceilings, Quartz Counters, Recessed Lighting |
| LOT |
7839 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
3 |
| STYLE |
Modern |
| UTILITIES |
Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights,Neighborhood |
| WATER |
Public |
| ZONING |
LAR3 |
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Salem to contact you even if your name is on a Federal or State
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Listed with Citivest Realty Services, Inc
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 8:13 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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