Mid-City
Fourplex
A MEGA-SIZED 3-story non-rent controlled new construction fourplex in prime Mid-City! All 4b/4b units with countless balconies, ideal parking (a private 2-car garage for EACH UNIT), and large floor plans! These units will be the #1 choice for tenants in Mid-City. We project a cap rate of 5.68%! Situated 10 minutes from Culver City and the countless exciting mixed use developments nearby. Cap rates haven’t been this high for several years- now is your time to lock up unheard of good deals! There is no safer investment than Los Angeles new construction multi-family.
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Highlights:
$3,350,000
5.68% (pro forma)
13.68 (pro forma)
7,007 sqft
4x 4b/4b
No rent control
All units have private 2-car garage
Massive units
Cap rate close to 6%
Prime Mid-City location
All 4 bedroom units
TONS of balconies
Perched on a hilltop
AMAZING VIEWS
Separately metered utilities
10 min from Downtown Culver
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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UNHEARD OF projected cap rate of 5.68%! The best cap rate we’ve seen in years!
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No rent control!
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MASSIVE units (7,007 livable square feet) with ENORMOUS bedrooms and living spaces!
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All units boast a two-car garage with entry into unit, a rare feature that draws a major rental premium.
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Massive quantity of enormous balconies off both living room/kitchens and bedrooms!
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In a market with new construction comps at $600+ per SF, this is your opportunity to get the nicest fourplex in Mid-City for only $478 per SF!
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All units separately metered for gas, electric AND water! Very low expenses!
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Large windows everywhere you look, making each room extremely light and bright.
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Located on top of a hill with amazing views of the city!
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Dream 1031 exchange opportunity. Ready to close soon!
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With SB-8 in effect, we expect less new constructions will be built, making properties like these an even more rare and hot commodity.
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Moments from countless exciting mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (brand new Whole Foods), the Culver Steps (Amazon Studios), and Platform!
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The most livable floorplans you’ll find!