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Built in 2022, this new construction investment opportunity promises to be the best deal in all of Los Angeles with an extremely high current Cap Rate of 7.45% and a GIM of 9.34x. A new owner can increase their return on investment by taking advantage of the short term rental market when the FIFA World Cup and the Olympics come into town. The building is approximately 6,630 rentable square feet on a 6,051 square foot lot, consisting of (1) 13-bedroom + 13-bathroom, and (1) 9-bedroom + 9-bathroom units. The property can be acquired with the current management in-place for a true hassle-free turnkey investment. A new owner can also self manage the property keeping the expenses low. This great deal is priced to sell and is ready to make a deal! With only a 35% Down Payment this investment will cash flow on Day 1 and is poised to appreciate in value right away. The property features (22) Bedrooms All with Private En-Suite Bathrooms rented individually. This upscale investment features hardwood floors, stainless steel kitchen appliances, quartz counter tops, glass enclosed showers, in-unit washer & dryers, new roof/copper plumbing (less than 3 years old), double pane windows, individually metered for all utilities: gas, electricity, & water and high-end finishes throughout the units. Located in the highly desirable 90018 zip code, and walking distance to the University of Southern California campus (USC), Exposition Park, BMO Stadium, LA Coliseum, and the new George Lucas Museum.
Property Type(s):
Residential Income
| Last Updated | 5/27/2025 | Year Built | 2022 |
|---|---|---|---|
| Community | Metropolitan South | Garage Spaces | 2.0 |
| County | Los Angeles |
Additional Details
| AREA | Metropolitan South |
|---|---|
| GARAGE | Yes |
| LOT | 6051 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LAR2 |
Location
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Listed with Keller Williams SELA
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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