Brand-new construction completed in 2020, with a whopping 6.27 CAP. The building is 100% Leased. Collect $24,995 monthly. Most likely the lowest cost per square foot and highest CAP in 90016. NON-rent control 6 units, all 3-story townhome-style units. All units have side-by-side 2 car garages. Water, gas and electricity are separately metered. Every unit has modern, stainless steel refrigerator, range, microwave, dishwasher and tank less water heater. The washer and dryer is included for occupants use. Each unit is over 1785 square feet, most with large balconies. Property is located in a cul de sac with large front and rear yards. Gated property with remote control access. You rarely find a building such as this with high income and low expenses. This is a prime property in a prime location near new construction on Adams, upcoming Whole Foods at Cumulus project, Culver City Arts district, metro rail, freeway and DTLA. Dont miss out, this opportunity checks all the boxes. Seller did the hard work so that you can reap the benefits.
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List Price | $3,829,000 |
Property Type | Multi-Family |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 15 spots |
Year Built | 2020 |
Last Sold | November 10, 2021 |
Sold Price | 3,950,000 |
APN # | 5049001051 |
MLS # | Unknown |
Property ID | 1450252 |
Lot Sqft | 11,267 |
Zoning | LARD1.5 |
Total Units | 6 |
Applicances | Dishwasher,Disposal,Gas Oven,Microwave,Oven,Refrigerator,Dryer,Washer% |
Date Updated | November 10, 2021 |
Date Created | January 15, 2021 |
Financials not available online. Please inquire with your agent for more details.
Suminda Sellahewa an agent of Avarnka Real Estate, Inc.. Lic #01155576
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT