Introducing an exceptional investment opportunity in the heart of Los Angeles: five brand-new units, constructed in 2023, are now available for purchase directly from the developer. This strategically positioned property offers a reliable income stream, boasting an impressive 6.24% cap rate with the potential for additional ADU (Accessory Dwelling Unit)… Read More conversions. Each unit features modern, stylish finishes that ensure a luxurious living experience. All units are individually metered for gas, water, and electricity, providing a low-maintenance and efficient environment.Covering a thoughtfully designed 7,700 square feet, this remarkable offering includes two four-bedroom units, two three-bedroom units, and one-bedroom ADU, all nestled in the vibrant Pico-Union area. The floor plans are meticulously crafted, with en-suite bathrooms in every bedroom and ample parking for renters. This is an excellent opportunity for 1031 exchange buyers or any investor seeking steady and passive cash flow in a thriving market.Conveniently located just west of Downtown Los Angeles, north of USC Village, and east of Koreatown, this property places you right in the city's vibrant core, making it an ideal investment choice. Read Less
Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
Listing Snapshot
Days Online
5
Last Updated
Property Type
Other
Beds
15
Square Ft.
7,700
Lot Size
0.14 Acres
Year Built
2023
MLS Number
25529927
30 Days Snapshot Of 90006
$534k
-45%
(avg) sold price
2
-50%
homes sold
96
+113%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 2023, Building area total: 7,700, Levels: ThreeOrMore, Living area: 7700, 2 buildings
Community
Gated
Cooling
CentralAir
Heating
Central
Income
Gross income: $233,340, Net operating income: $186,944
Lot
0.1405 acres, 6,122 square feet, Size: 6,122
Parking
2 totals parking, Garage, Tandem
Property
Zoning: LARD1.5
Security Features
GatedCommunity
Sewer
SewerTapPaid
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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