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This exceptional, newly constructed 4-unit apartment building offers a prime investment opportunity or an ideal owner/user scenario. Comprising two separate duplexes—a front duplex built in 2018 and a back ADU duplex completed in 2024—this property delivers strong cash flow with low maintenance. There is no need to worry about RENT CONTROL as the building is being offered 100% vacant, providing immediate occupancy or leasing flexibility.The front duplex features two spacious, townhouse-style units, each with 4 bedrooms and 3 bathrooms. These units offer large, open floor plans and high-end finishes throughout. The back duplex includes a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, perfect for attracting quality tenants seeking modern living in a desirable location.Cap Rate of 6.3% and a GRM of 11.2, providing strong cash flow potential.They are individually metered for water, gas, and electricity—ensuring minimal owner responsibility for utilities.Mini split system for energy-efficient heating and cooling in each unit.Low-maintenance construction and finishes designed for durability and long-term performance.Located in a prime, centrally situated area, this property is just minutes from major landmarks such as LAX, SoFi Stadium, SpaceX headquarters, and the Intuit Dome Arena. The beach is a short drive away, and the property offers convenient access to the 405, 105, and 110 freeways, making commuting and travel a breeze.Whether you're an investor seeking solid returns or an owner looking to live in one unit and rent out the others, this property checks all the boxes. Don’t miss out on this rare opportunity to acquire a modern, turnkey asset in one of the most dynamic and sought-after areas of Los Angeles.This is a REAR OPPORTUNITY - Schedule a showing today!
Property Type(s):
Residential Income
| Last Updated | 11/9/2024 | Year Built | 2018 |
|---|---|---|---|
| Community | Lennox | County | Los Angeles |
Additional Details
| AREA | Lennox |
|---|---|
| GARAGE | On Site |
| HEAT | Central |
| HOA DUES | 0 |
| LOT | 5810 sq ft |
| LOT DESCRIPTION | Front Yard, Lot Over 40000 Sqft, Paved, Yard |
| PARKING | On Site |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LCR3YY |
Location
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Listed with Equity Union
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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