Fully Leased Mid-City 6-Unit!
Rare non rent-controlled new construction 6-unit (fourplex + 2 huge ADU's) in the hottest rental market in LA, Mid-City. NOW FULLY LEASED AT A REAL 5.03% CAP RATE! Huge rental demand due to incredible design, A+ location, and curb appeal! FLEXIBILE SELLER SUBMIT ALL OFFERS!
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Cap Rate:
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Highlights:
$4,590,000 *submit all offers
5.03%
15.12
8,156 sqft
2x 4b/3b
2x 3b/3b
2x 2b/2b
100% stabilized!
High return
Separately metered utilities
No rent control
Washers/dryers provided
Stainless steel appliances
Huge balconies everywhere
Prime Mid-City location
Unbeatable curb appeal
Super low maintenance
High demand rental market
Back yard for ADU
Click to View Photos
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The Neighborhood
< 15-Minute Walk
Midtown Shopping Center, Hollywood Night Market, Planet Fitness, Five Guys, Pacific French Bakery, Spaccio Salumeria, Menchitas, Washington Irving Branch Library, Starbucks, , Roscoe's Chicken and Waffles, Olive Garden, Wingstop, Subway, Jamba Juice
< 10-Minute Drive
Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen
< $10 Uber Ride
Downtown Culver City, Ivy Station, The Culver Steps, Trader Joes, Equinox, Amazon Studios, The Culver Hotel, Sony Pictures, Midtown Shopping Center, The Grove, LACMA, The Farmer’s Market, El Rey Theatre, Pasta Sisters,The Mint, Akasha, Public School, The Mandrake
Submit your offers now!
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No rent control!
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Outstanding return! 5.03% cap rate! FULLY LEASED!
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SUBMIT ALL OFFERS!
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Rare opportunity to acquire 6 units in premium Mid-City location!
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Massive property- 8,156 livable square feet (not including garage)!
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Majorly elevated units with high ceilings, expansive balconies, and premium finishes.
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Property comes FULLY LOADED with premium stainless steel kitchen appliances, washers and dryers. Totally turnkey!
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Premium new construction in the hottest rental market in LA, Mid-City.
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All units separately metered for gas, electric AND water! Microscopic expenses!
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Boasts extraordinary curb appeal.
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New construction small multi-family apartments are in short supply right now, especially ones of this superior quality.
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Dream 1031 exchange opportunity. Ready to close ASAP!
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Large windows everywhere you look, making each room extremely light and bright!
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With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
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Moments from countless mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), and the Culver Steps (Amazon Studios).