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Introducing an exceptional investment opportunity in the heart of Los Angeles: five brand-new units, constructed in 2023, are now available for purchase directly from the developer. This strategically positioned property offers a reliable income stream, boasting an impressive 6.24% cap rate with the potential for additional ADU (Accessory Dwelling Unit) conversions. Each unit features modern, stylish finishes that ensure a luxurious living experience. All units are individually metered for gas, water, and electricity, providing a low-maintenance and efficient environment.Covering a thoughtfully designed 7,700 square feet, this remarkable offering includes two four-bedroom units, two three-bedroom units, and one-bedroom ADU, all nestled in the vibrant Pico-Union area. The floor plans are meticulously crafted, with en-suite bathrooms in every bedroom and ample parking for renters. This is an excellent opportunity for 1031 exchange buyers or any investor seeking steady and passive cash flow in a thriving market.Conveniently located just west of Downtown Los Angeles, north of USC Village, and east of Koreatown, this property places you right in the city's vibrant core, making it an ideal investment choice.
Property Type(s):
Residential Income
| Last Updated | 4/24/2025 | Year Built | 2023 |
|---|---|---|---|
| Community | Mid Los Angeles | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Refrigerator, Washer |
| AREA | Mid Los Angeles |
| GARAGE | Garage, Tandem, Yes |
| HEAT | Central |
| LOT | 6122 sq ft |
| LOT DIMENSIONS | 50x120 |
| PARKING | Garage,Tandem |
| SEWER | Sewer Tap Paid |
| STORIES | 1 |
| ZONING | LARD1.5 |
Location
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Listed with Global Platinum Properties, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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