$2,750,000
NEW CONSTRUCTION

Estimated payment $15,614/month

Total Views 923
14 Beds
10 Baths
6,016 Sq Ft
$457 Price per Sq Ft

Highlights

  • New Construction
  • Open Floorplan
  • No HOA
  • City Lights View
  • Contemporary Architecture
  • Double Pane Windows

About This Home

Four units S Longwood Ave is an exceptional fully leased fourplex located in the heart of Mid City-and is perfect for a 1031 exchange buyer. This excellent Mid-City location is centrally positioned to Downtown, Beverly Hills, and Culver City. The property consists of 2-Four Bedrooms and 2-three bedrooms which would make for quick easy rentals and has great curb appeal. The units feature open floor plans, modern kitchens with kitchen appliances, private washer and dryer in each unit , private yards for two of the units, and 8 parking spaces and many more amenities. The utilities are separately metered for gas, electrical and water resulting in lower expenses for the potential buyer. Due to SB-8, a smaller amount of this type are being constructed making this property a a very attractive acquisition.

Listing Agent

George Kpachavi

Keller Williams Realty-Studio City Brokerage Phone: 310-525-0528 License #01839703 Listed on: 06/27/2025

Keller Williams Realty-Studio City

Co-Listing Agent

Edwin Billones

Keller Williams Studio City Brokerage Phone: 310-525-0528 License #01018335

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,545

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 7,085 Sq Ft Lot
  • Lot Dimensions are 50 x 141
  • No Common Walls
  • East Facing Home
  • Back Yard

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Parking Deck
  • Two Garage Doors
  • Auto Driveway Gate

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,016 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Recessed Lighting
  • Double Pane Windows
  • Sliding Doors
  • Living Room
  • City Lights Views

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System
  • Firewall

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Overhead Utilities
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 67
  • Assessor Parcel Number 5067011021
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Arlington Heights Terrace Subdivision No. 1

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $3,000
  • Maintenance Expense $6,000
  • New Taxes Expense $11,327
  • Operating Expense $22,327
  • Gross Income $198,516
  • Net Operating Income $170,234

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,545

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.75
  • Price Per Unit: 687500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire Sprinkler System, Firewall(s)
  • Subdivision Name Other: ARLINGTON HEIGHTS TERRACE SUBDIVISION NO
  • View: Yes
  • Zoning: LARD1.5
  • Architectural Style: Contemporary
  • New Construction: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5067011021
  • Year Built: 2021
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Crown Molding, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Entry Location: Ground Level w/steps
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 457.11
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: City Lights
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Deck, Concrete, Paved, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Trash Compactor, Vented Exhaust Fan
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Amount Frequency: Annually
  • Lot Features: Back Yard, Utilities - Overhead
  • Lot Size: 50 x 141
  • Lot Size Sq Ft: 7085.00
  • Lot Size Acres: 0.1626

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 198516.00
  • Gross Multiplier: 15.30
  • Gross Operating Income: 192561.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 7085.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 170234.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Expenses: 22327.00

Tax Info

  • New Taxes Expense: 11327.00
  • Tax Lot: 19
  • Tax Tract Number: 67

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,545 $948,186 $780,861 $167,325
2024 $11,545 $929,595 $765,550 $164,045
2023 $11,327 $911,369 $750,540 $160,829
2022 $10,809 $893,500 $735,824 $157,676
2021 $10,673 $875,982 $721,397 $154,585
2020 $10,781 $867,240 $714,000 $153,240
2019 $8,168 $167,361 $94,705 $72,656
2018 $2,217 $164,086 $92,849 $71,237
2016 $2,108 $157,486 $89,245 $68,241
2015 $2,080 $155,121 $87,905 $67,216
2014 $2,103 $152,084 $86,184 $65,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 For Sale $2,750,000 0.0% $457 / Sq Ft
06/01/2024 06/01/24 Rented $4,299 +9.1% --
05/17/2024 05/17/24 Price Changed $3,940 -4.5% $2 / Sq Ft
03/27/2024 03/27/24 For Rent $4,125 0.0% --
03/28/2019 03/28/19 Sold $850,000 0.0% $480 / Sq Ft
02/28/2019 02/28/19 Pending -- -- --
01/22/2019 01/22/19 Off Market $850,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Available
Grant Deed $850,000 Ticor Title Company Of Ca
Grant Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,600,000 Commercial
Closed $1,615,000 Construction
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25144723

California Regional Multiple Listing Service (CRMLS)

APN: 5067-011-021