$14950000 Price Analysis   ♡   Los Angeles, CA 90016 38 bed 17 bath 28948 SqFt ($516/SqFt) 0.29 acre lot. Built 2023 Listed 2024-03-28 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Just reduced $550
000. Priced to Sell. The Peake is a recently constructed 32-unit modern luxury apartment community in the West Adams neighborhood of Los Angeles. The Peake is situated in a thriving focal point of Los Angeles for high-end living, retail, dining and entertainment with many transportation options and ease of access to many of Los Angeles popular destinations. High Quality Asset: The Peake offers investors a newly built, modern luxury, eco-friendly property that's extremely well-located. It also features an excellent mix of units and amenities. Prime Location: The Property is located in a coveted pocket of Los Angeles with superb transportation acces s. It lies steps away from the Farmdale metro station, with many choice shops and restaurants nearby.
It's prime location offers easy access to Hollywood, Downtown and the beach. Luxury Complex: This 32-unit apartment community, developed in 2023, offers a host of luxury amenities, from eco-friendly living to iconic views, electric car charging stations, a courtyard with a BBQ and a fitness center. RUBS has been implemented for water, sewer, trash and gas (for hot water). Newly Constructed Units: Featuring studios, one and two-bedroom apartment floor plans, all units include all elctric appliances, in-unit laundry, gourmet contemporary kitchens, central air and heat, smart door unit locks, vast rooms, recessed lighting, private balconies and more. Thriving Multifamily Market: The upscale suburban enclave of nearby Culver City and Downtown Los Angeles displays a thriving economy with strong market fundamentals, favorable demographics and highly sought-after apartment rentals. The area is known for its nearby attractions, top-rated dining and shopping and infinite recreational offerings.
Presented by Warren Berzack at
Lee & Associates.
Property MLS #SR24061953 from CRMLS
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.2944
Lot Size Source: Assessor
Lot Size Square Feet: 12824
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Maintenance Expense: 29530.00
Vacancy Allowance: 34414
Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.83
Source Property Type: Residential Income
Insurance Expense: 12500.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
New Taxes Expense: 179400.00
Number of Separate Electric Meters: 33
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 5046015027
Professional Management Expense: 45886.00
Trash Expense: 1000.00
Zoning: LAR3
Source System Name: C2C
$14950000
CRMLS
Listed 2024-03-28
$15500000
CRMLS
Year Built: 2023
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 1
Property Attached: Yes
Levels or Stories: Three Or More
Building Total Stories: 4
Structure Type: Apartment
Year Built Source: Builder
Sewer: Sewer: Public Sewer, Water Sewer Expense: 35456.00
Water Source: Public
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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.