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NEW CONSTRUCTION MID-CITY SEVEN UNIT TOWNHOME COMPLEX FULLY LEASED TO SECTION 8 TENANTSWe are pleased to announce a NON-RENT CONTROLLED, Fully Warrantied, Green Certified and Solar equipped Seven-unit complex. All units leased to Section 8 tenants at market rents operating at a 5.87% Cap rate. The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood.Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, and supporting services providing high-paying and stable jobs. Mid-City overall has been a very hot market, its centralized location makes it convenient to get to the beach cities or downtown within minutes.This non-rent-controlled luxury complex is comprised of three duplexes, totaling seven new construction townhomes, each with private laundry rooms and parking for select units. The layouts are very functional and desirable among renters. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances, and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property.Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
Property Type(s):
Residential Income
| Last Updated | 11/14/2024 | Year Built | 2024 |
|---|---|---|---|
| Community | Mid Los Angeles | Garage Spaces | 6.0 |
| County | Los Angeles |
Price History
| Prior to Oct 30, '24 | $4,350,000 |
|---|---|
| Oct 30, '24 - Nov 14, '24 | $4,325,000 |
| Nov 14, '24 - Today | $4,299,000 |
Additional Details
| AIR | Central Air, ENERGY STAR Qualified Equipment |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Washer |
| AREA | Mid Los Angeles |
| EXTERIOR | Lighting |
| GARAGE | Assigned, Yes |
| HEAT | Central, ENERGY STAR Qualified Equipment |
| HOA DUES | 0 |
| INTERIOR | Balcony, High Ceilings, Quartz Counters, Recessed Lighting |
| LOT | 7839 sq ft |
| LOT DESCRIPTION | 6-10 Units/Acre |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Modern |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights,Neighborhood |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with Citivest Realty Services, Inc
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