Thank you
Drew Dunn
Four Brothers Real Estate
323-408-1080
Introducing this stunning new construction quadplex, proudly green-certified, nestled in the vibrant city of Los Angeles! Merely 1.3 miles from USC, an easy 6-minute bike ride away, this prime property boasts four units, each featuring 3 bedrooms. Among these, two units offer 3.5 bathrooms, while the remaining two include 3 bathrooms, totaling 12 bedrooms and 13 bathrooms. Experience unparalleled luxury with upscale finishes and impeccable construction quality, all under a current cap rate of 5.38%. Each unit is separately metered, ensuring the landlord incurs no utility expenses. Moreover, seize the opportunity to transform the four-car tandem garage into an ADU (accessory dwelling unit) without the need for additional parking, potentially elevating the pro forma cap rate to 7.31%. By converting the side-by-side garage, a second ADU could be established, adding an extra 1-2-bedroom unit to significantly boost the cap rate. This presents an opportunity to potentially achieve a cap rate exceeding 8%, an unprecedented feat in new construction within this rapidly growing area. This customizable ADU could serve as a lucrative income source or a private living space, complete with kitchen, bathroom, and living area. Discover generously sized bedrooms with ample closet space and sleek, modern bathrooms. The open floor plans boast spacious living rooms, dining areas, and gourmet kitchens equipped with stainless steel appliances and quartz countertops. Enjoy the convenience of a private yard, in-unit laundry, central HVAC, and fully paid-off solar panels.This property offers a unique blend of contemporary amenities, cost-saving features, and income potential, making it a savvy investment choice in Los Angeles' thriving rental market. Benefit from its prime location with easy access to major roads, freeways, public transportation, and nearby amenities such as Starbucks, Exposition Park, Los Angeles Memorial Coliseum, and the Crypto Arena. Don't miss out on the opportunity to earn positive cash flow, leverage new construction tax benefits, minimize maintenance costs, and witness appreciation in one of Los Angeles' most historically robust markets.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1061532230 | 3 | 3 | 3 | 0 |
2 | 1061532230 | 3 | 3 | 3 | 0 |
3 | 1061532230 | 4 | 3 | 3 | 1 |
4 | 1061532230 | 4 | 3 | 3 | 1 |
Water Source : Public
Sewer : Public Sewer
Roof : Composition
Exterior Property Features : Lighting,Rain Gutters
Interior Features: Granite Counters,Open Floorplan,Recessed Lighting,Storage,Tandem,Attic,Bedroom on Main Level
Windows: Blinds,Double Pane Windows
Property Appliances: Dishwasher,Gas Cooktop,Gas Oven,Gas Range,Range Hood,Tankless Water Heater
Fireplace: None
Flooring: Wood
Central Air,Dual
Air Conditioning
Central
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 2022
Building Area Total: 7,199
Construction: Aluminum Siding,Drywall,Concrete,Plaster,Wood Siding
Roof: Composition
Lighting,Rain Gutters
Slab
Security System,Carbon Monoxide Detector(s),Fire Detection System,Firewall(s),Fire Sprinkler System,Security Gate,Gated Community,Smoke Detector(s)
None
None
Washer Hookup,Gas Dryer Hookup
Wood,Wrought Iron
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.148
Lot Size Source: Builder
Lot Size Square Feet: 6448
Original List Price: 2,400,000
Listing Contract Date: 2024-02-21
Lease Term: 12 Months
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5036029019
Garage Description: Assigned,Garage,Tandem
Lease Term: 12 Months
Source Listing Status: Pending
Source Neighborhood: C34 - Los Angeles Southwest
Directions: W on Martin Luther King Blvd and Right on La Salle Ave
Source Property Type: Residential Income
Area: C34 - Los Angeles Southwest
Property SubType: Quadruplex
Property Age: 2
Common Walls: 2+ Common Walls
Property Condition: Updated/Remodeled
Structure Type: Quadruplex
Year Built Source: Builder
Entry Level: 1
Entry Location: Ground Floor
Property Attached: Yes
Levels or Stories: Three Or More
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4032 La Salle Avenue, Los Angeles, CA,90062 | $1,200,000 | 5 | 3 | 2,564 | 7068 Sqft |
1496 W Vernon Avenue, Los Angeles, CA,90062 | $742,000 | 6 | 3 | 2,107 | 5474 Sqft |
1431 W 49th Street, Los Angeles, CA,90062 | $779,000 | 2 | 1 | 1,260 | 5966 Sqft |
5321 Denker Avenue, Los Angeles, CA,90062 | $1,280,000 | -- | -- | 3,220 | 5950 Sqft |
1627 Leighton Avenue, Los Angeles, CA,90062 | $819,000 | 6 | 3.5 | 1,616 | 5434 Sqft |
1901 W Martin Luther Ki.., Los Angeles, CA,90062 | $1,425,000 | -- | -- | 5,602 | 9012 Sqft |
1447 W 47th Street, Los Angeles, CA,90062 | $879,000 | 5 | 3 | 2,027 | 5694 Sqft |
3938 Dalton Ave, Los Angeles, CA,90062 | $799,000 | 3 | 2 | 1,526 | 5360 Sqft |
4112 Dalton Avenue, Los Angeles, CA,90062 | $1,249,000 | 6 | -- | 3,558 | 6694 Sqft |
5421 S Wilton Place, Los Angeles, CA,90062 | $799,000 | 3 | 1 | 1,304 | 5861 Sqft |
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ByOwner last updated this listing 05/19/2024 @ 19:26
MLS: OC24036012
LISTED BY: Drew Dunn, Four Brothers Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.