$3,495,000 Price Analysis   ♡   Los Angeles, CA 90026 18 bed 15 bath 6,655 SqFt ($525/SqFt) 6,909SqFt lot. Built 2024 Listed 2024-08-15, Taxes $10,825 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Presenting a BRAND CONTEMPORARY 2024 CONSTRUCTION multi-family 5 Unit investment property that will produce extraordinary passive income.
Embrace an extraordinary opportunity to own a state-of-the-art 5 Unit property centrally located between Echo park and Westlake. Total 18 beds + 15 baths, great mix, promising a truly luxurious living experience. Each unit offers an array of upscale features, including massive windows, sliding doors, attractive flooring, recessed lighting, central AC and heating for optimal comfort and private laundry for each unit. Built-ins and ample storage space are thoughtfully integrated, catering to all your organizational needs. The elegant kitchens are adorned with sleek countertops, top-of-the-line stainless steel appliances and meticul ously crafted cabinets, offering a perfect setting for culinary enthusiasts.
Bathrooms feature pleasing flooring, adding to the overall allure of these well-appointed spaces. Each bedroom is generously proportioned and filled with natural light, creating an inviting and relaxing retreat for all tenants. This property is perfectly situated nearby vibrant neighborhoods of Echo park, Silverlake, Westlake, Flipino town and Downtown LA, offering an array of entertainment, dining and shopping options a stone's throw away. Each unit is individually metered for water, gas and electricity to ensure minimal expenses and a high return. Poforma 12.9 GRM and 5.9 Cap rate. This is your chance to own a cutting-edge Five-Plex building that combines modern luxury, convenience and captivating views in one of the most prime locations. Easy to show.
Presented by Eliza Kerendian at
Keller Williams Realty Westside.
Property MLS #24-428049 from TheMLSCLAW
Full Bathrooms: 15
Laundry Features: In Unit, Laundry Closet Stacked
Heating Features: Central
Lot Size Dimensions: 40x173
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6909
Parking Total: 6
Other Equipment: Cable, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Washer, Range/Oven, Microwave
Security Features: Carbon Monoxide Detector(s), Gated, Fire Sprinklers, Smoke Detector
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 4, 1 SquareFeet: 4999, 2 BedsTotal: 4, 2 BathsTotal: 4, 2 SquareFeet: 4999, 3 BedsTotal: 4, 3 BathsTotal: 3, 3 SquareFeet: 4750, 4 BedsTotal: 4, 4 BathsTotal: 3, 4 SquareFeet: 4750, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 2995
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.9
Directions: North of Beverly Blvd & Court, South of Temple and 101 Freeway. East of Alvarado West of 110 Freeway.
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Owner Pays: Gardener
Parcel Number: 5159-004-005
Postal Code Plus 4: 5411
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $150,000 + $750,000 $900,000 | $10,825 |
| 2021 | $23,291 + $33,265 $56,556 | $900 |
| 2020 | $23,053 + $32,924 $55,977 | $903 |
| 2019 | $22,601 + $32,279 $54,880 | $878 |
| 2018 | $22,158 + $31,647 $53,805 | $804 |
| 2017 | $21,724 + $31,027 $52,751 | $791 |
| 2016 | $21,299 + $30,419 $51,718 | $748 |
| 2015 | $20,980 + $29,963 $50,943 | $739 |
| 2014 | $20,570 + $29,377 $49,947 | $753 |
| 2013 | $20,478 + $29,245 $49,723 | $746 |
| 2012 | $20,077 + $28,672 $48,749 | $754 |
| 2010 | $19,684 + $28,110 $47,794 | $755 |
| 2009 | $19,584 + $27,967 $47,551 | $725 |
| 2009 | $19,537 + $27,900 $47,437 | $725 |
| 2008 | $19,200 + $27,419 $46,619 | $702 |
| 2007 | $18,824 + $26,882 $45,706 | $672 |
$3,495,000
TheMLSCLAW
Listing removed 2022-01-25
$0
CRISNET
Listing removed 2021-12-13
$0
CRISNET
Sold 2021-12-10
$900,000
CRISNET
Listed 2021-11-06
$850,000
CRISNET
Year Built: 2024
Levels: Multi Levels, One Level, Split Level
Living Area Source: Estimated
New Construction: Yes
Property Condition: New Construction
Levels or Stories: 3
Building Total Stories: 3
House Style: Contemporary
Year Built Source: Builder
Architectural Style: Contemporary
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.