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2821 Virginia Rd

West Adams
Triplex (or Triplex + ADU)

A brand new construction OPPORTUNITY ZONE triplex in prime West Adams minutes from Downtown Culver City & the Culver City Arts District! This is a rare opportunity to secure MAJOR tax benefits while owning a stunning 2022 triplex (MASSIVE freestanding SFR + duplex) with floorplans and finishes that are out of this world! Additionally, for only $60,000 extra ($2,750,00), the seller is willing to convert the downstairs floor and garage of the front unit into a 1 bed, 1 bath ADU, making for the cheapest fourplex in town.

List Price:

Cap Rate:

GRM:

Bldg. Size:

Unit Mix:


Highlights:

$2,690,00 *can be delivered with an ADU for $2,750,000
5.25% (pro forma without ADU)
5.51% (pro forma if ADU added)

14.56 (pro forma without ADU)
13.97 (pro forma if ADU added)

5,304 sqft (as is without ADU)
5,631 sqft (if ADU added)

Without ADU: 1x 5b/4.5b, 2x 4b/4b
With ADU: 2x 4b/4b, 1x 4b/3.5b, 1x 1b/1b
Opportunity zone
No rent control
Massive units
Premium floorplans
ADU can be added for higher cap

Exceptional cap rate of 5.25%
Perfect 1031 exchange option
6 parking spaces
Upscale finishes
Prime location near Culver City
Spacious rear patio
Gorgeous glass balconies

Click to View Photos

The Neighborhood

>10-Minute Walk

Cento Pasta Bar, Highly Likely Cafe, Sweet E's Bake Shop, Hollywood Night Market, High Fidelity Records, All Power Books, Honey Bee’s House of Breakfast, Menchitas, Roscoe’s Chicken & Waffles, Simply D’s LA

>5-Minute Drive

Sprouts, Starbucks, Target, Planet Fitness, Spaccio Salumeria, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen, Open Face Food Shop

>$10 Uber Ride

Plaform, Ivy Station, Culver City Steps, Cumulus District (Whole Foods), Trejo’s Tacos, Downtown Culver City, Met Him at a Bar, All Season Brewing Company, République Café Bakery & Restaurant, Mandrake, The Grove, LACMA

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Submit your offers now!

  • Opportunity zone, meaning enormous tax benefits if you close prior to completion (please consult a CPA or tax specialist to confirm).

  • No rent control!

  • Amazing 5.25% pro forma cap rate with potential to achieve a 5.51% cap rate with an ADU addition.

  • The average price per square foot of nearby new construction duplexes and triplexes is $663.49. This is priced to sell at $507.16 (or $488.37 with the ADU added)!

  • Premium units with expansive, open floorplans and upscale, designer finishes.

  • Ideal property for owner occupiers! Live the life of ultimate luxury in the impressive single family residence while having tenants in the other units pay the mortgage!

  • Dream 1031 exchange opportunity. Ready to close ASAP!

  • All units separately metered for gas, electric AND water! Microscopic expenses!

  • Moments from several ground-breaking mixed-use development projects such as Ivy Station (HBO headquarters), Platform, the Helms Bakery District, the Cumulus Development (Whole Foods), and the Culver Steps (Amazon Studios).

  • 6 parking spaces

  • Large rear patio area

  • Minutes to the Culver City Arts District and heart of Culver City!

  • Great way to obtain easy, passive income!