• 2909 N Coolidge Avenue Los Angeles, CA 90039

  • $2,980,000
  • 0
    Bed(s)
  • 0
    Baths
  • 3,580
    Sq Ft
  • 5227
    Sqft
  • Listed By: Michael De Perio, Kirela Real Estate Co, DRE #01870969
  • Source: CRMLS

Introducing The Coolidge Compound, an exquisite and newly constructed Spanish Modern masterpiece nestled in the vibrant neighborhood of Frogtown. Brand new and yet to be lived in as a whole, this exceptional property boasts a rare and unique offering of four vacant units, each meticulously designed to cater to the discerning tastes of the market.This brand new property has been intelligently designed to accommodate a mix of owners, making it the ideal low-maintenance investment property for those seeking hassle-free recurring income. Owners have the option to live rent-free in one unit while the rental income from the remaining units covers the mortgage, providing a steady cash flow, equity growth, and valuable tax benefits. Keeping this in mind, the property boasts fully paid for solar panels adding even more value and desirability to the property. The fact that all four units are fully vacant is a rare find in Los Angeles, allowing for immediate market rate rents at close to $200,000 annually.What sets this compound apart is its ability to command top market rents in one of the most sought-after rental markets in the country, all while maintaining a standard of quality, design, and craftsmanship that is unparalleled. Equipped with a deep understanding of the needs of residents in this area specifically, each unit is tailored to be the epitome of desirability and offers many added features including Solar panels to limit the resident's utility bill thereby making this property all the more desirable and cost effective.Each unit within the Coolidge Compound features two spacious bedrooms and two well-appointed bathrooms, catering to a variety of tenant configurations. The design of the units ensures that each resident enjoys a private and independent living experience, with the added luxury of huge outdoor spaces in the form of rooftop decks for relaxation, privacy and entertainment.Extensive data analysis confirms that this property addresses a crucial gap in the real estate market, offering high-quality housing in an area where demand far exceeds supply. A truly win-win situation in that this compound offers a multitude of benefits to its owner while speaking to the taste and quality of living of its residents, there is no other property in Los Angeles that compares or offers a better return on investment.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Interior Features: Open Floorplan,Quartz Counters,Recessed Lighting,Unfurnished

Property Appliances: Electric Range,Gas Range

Fireplace: None

Cooling Features

Central Air

Air Conditioning

Heating Source

Central

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 2023

Building Area Total: 3,580

Construction: Drywall

Pool Features

None

Laundry Features

Electric Dryer Hookup,Gas Dryer Hookup

Fencing

Block,Wood

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.12

Lot Size Source: Assessor

Lot Size Square Feet: 5227

Listing Price Information

Original List Price: 2,980,000

Listing Contract Date: 2024-05-24

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5442023026

Garage and Parking

Garage Description: Driveway

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Electricity,Gas,Trash Collection,Telephone

Other Property Info

Source Listing Status: Active

Source Neighborhood:

Directions: From the 2 going South exit Fletcher Dr. Turn left then left on Ripple St. Right on Ripple st again. Finally left on N coolidge ave.

Source Property Type: Residential Income

Building and Construction

Property Age: 1

Common Walls: No Common Walls

Property Condition: Turnkey

Year Built Source: Builder

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3615 Edenhurst Avenue, Los Angeles, CA,90039 $1,725,000 2 -- 1,420 3567 Sqft
1919 Rosebud Avenue, Los Angeles, CA,90039 $350,000 -- -- -- 10205 Sqft
2803 Denby Avenue, Los Angeles, CA,90039 $950,000 -- -- 1,029 4324 Sqft
3722 Dover Street, Los Angeles, CA,90039 $1,100,000 -- -- 1,866 6750 Sqft
2250 Duane, Los Angeles, CA,90039 $1,680,000 -- -- 3,236 7784 Sqft
2635 Adelbert Avenue, Los Angeles, CA,90039 $2,249,000 4 3 2,614 2465 Sqft
2286 Silver Ridge Avenue, Los Angeles, CA,90039 $425,000 -- -- -- 7341 Sqft
1 Edendale Place, Los Angeles, CA,90039 $285,000 -- -- -- 4811 Sqft
2643 Glendale Boulevard, Los Angeles, CA,90039 $2,999,999 3 1 1,380 15216 Sqft
4123 Edenhurst Avenue #1, Los Angeles, CA,90039 $1,799,000 5 4.5 3,296 5176 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/17/2024 @ 11:08

MLS: P1-17796
LISTED BY: Michael De Perio, Kirela Real Estate Co
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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