Michael De Perio
Kirela Real Estate Co
626-536-3556
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.
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Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Interior Features: Open Floorplan,Quartz Counters,Recessed Lighting,Unfurnished
Property Appliances: Electric Range,Gas Range
Fireplace: None
Central Air
Air Conditioning
Central
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 2023
Building Area Total: 3,580
Construction: Drywall
None
Electric Dryer Hookup,Gas Dryer Hookup
Block,Wood
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.12
Lot Size Source: Assessor
Lot Size Square Feet: 5227
Original List Price: 2,980,000
Listing Contract Date: 2024-05-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5442023026
Garage Description: Driveway
Lease Term: Negotiable
Tenant Pays: Electricity,Gas,Trash Collection,Telephone
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
Property Age: 1
Common Walls: No Common Walls
Property Condition: Turnkey
Year Built Source: Builder
Levels or Stories: Two
Building Total Stories: 2
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 |
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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.