Mid City Fourplex
Soon to be completed non-rent controlled new construction fourplex (triplex + ADU) in the heart of Mid-City. Boasts an unbeatable price per door of $737,500. With a projected cap rate of 5.45%, you'll want to lock this property up before completion! Estimated April/May 2023.
List Price:
Cap Rate:
GRM:
Bldg. Size:
Unit Mix:
Highlights:
$2,950,000
5.45% (pro forma)
14.13 (pro forma)
6,147 sqft
1x 4b/4.5b
2x 4b/4b
1x 2b/2b ADU
Unbeatable price per door
Separately metered utilities
No rent control
High cap rate!!
Designer finishes
Prime Mid-City location
Super low maintenance
Massive deck off rear unit
High demand rental market
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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Unbeatable price per door!
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5.45% pro forma cap rate!
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No rent control!
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Will be delivered with ultra-premium finishes!
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All units boast tons of windows and balconies which renters will love!
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High ceilings, ample windows, walk-in closets, and more!
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MASSIVE DECK OFF THE REAR UNIT!
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Located in the highest demand rental area, Mid-City. We personally lease countless units per month here and they move faster than any other area in LA.
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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).
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Walking distance to the Culver City Art’s District!
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All units separately metered for gas, electric AND water! Microscopic expenses!