BEAUTIFUL 2024 FOUR UNIT NEW CONSTRUCTION IN HIGHLY DESIRABLE PALMS NEIGHBORHOOD
We are pleased to present this Green Certified new construction Four-Unit luxury complex. The developer is currently converting the purpose-built storage room to an ADU. This is the latest property built by new construction specialist TrueBuilt Construction, Inc. The property will be sold with all four units in turn-key condition and a proforma 5.51% Cap Rate.
This property, located in the very hot market of Palms just a few minutes’ walk to Culver City attractions. Including, 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, hip community and supporting services providing high-paying and stable jobs and future growth.
This luxury complex is comprised of two structures, totaling four new construction townhomes, each with private laundry rooms and garage parking spaces. 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 features 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 :
Residential Income
Subdivision :
Fallbrook
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/22/2024 @ 22:34
MLS: PW24094171
LISTED BY: Martin Fish, Citivest Realty Services, Inc
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.
