7,840 Sqft Lot
7,840 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24202422
Construction Status Turnkey
HOA Y/N No
Year Built 2024
Lot Size 7,840 Sqft
Property Description
We 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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Interior Features Balcony, High Ceilings, Quartz Counters, Recessed Lighting
Heating Central, ENERGY STAR Qualified Equipment
Cooling Central Air, ENERGY STAR Qualified Equipment
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Dryer, Washer
Laundry Inside, Laundry Closet, Stacked
Exterior
Exterior Feature Lighting
Garage Assigned
Garage Spaces 6.0
Garage Description 6.0
Fence Excellent Condition
Pool None
Community Features Sidewalks, Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Roof Type Common Roof
Total Parking Spaces 8
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 3
Entry Level Three Or More
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 5060005005
Security Features Fire Detection System,Fire Sprinkler System,Security Gate,Key Card Entry,Smoke Detector(s),Security Lights
Acceptable Financing Submit
Green/Energy Cert Solar
Listing Terms Submit
Special Listing Condition Standard
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Partner | Lic# 680245