NOT LISTED FOR SALE
24 Beds
25 Baths
10,869 Sq Ft
0.26 Acres

Last Sold November 10, 2021

Last sale price $3,950,000 $363 Per Sq Ft

243 Days on Market

Highlights

  • New Construction
  • Two Primary Bathrooms
  • Contemporary Architecture
  • Two Primary Bedrooms
  • Canyon View
  • Granite Countertops

About This Home

As of November 2021

Brand-new construction completed in 2020, with a whopping 6.27 CAP. The building is 100% Leased. Collect $24,995 monthly. Most likely the lowest cost per square foot and highest CAP in 90016. NON-rent control 6 units, all 3-story townhome-style units. All units have side-by-side 2 car garages. Water, gas and electricity are separately metered. Every unit has modern, stainless steel refrigerator, range, microwave, dishwasher and tank less water heater. The washer and dryer is included for occupants use. Each unit is over 1785 square feet, most with large balconies. Property is located in a cul de sac with large front and rear yards. Gated property with remote control access. You rarely find a building such as this with high income and low expenses. This is a prime property in a prime location near new construction on Adams, upcoming Whole Foods at Cumulus project, Culver City Arts district, metro rail, freeway and DTLA. Dont miss out, this opportunity checks all the boxes. Seller did the hard work so that you can reap the benefits.

Last Agent to Sell the Property

Suminda Sellahewa

Avarnka Real Estate, Inc. License #01155576 Listed on: 01/15/2021

Last Buyer's Agent

Robert Carey

Compass License #01351849

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 11,267 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Level Lot
  • Front and Back Yard Sprinklers

Parking

  • 10 Car Attached Garage
  • 3 Open Parking Spaces
  • 2 Carport Spaces
  • Automatic Gate

Property Views

  • Canyon
  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 10,869 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 24 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • 25 Bathrooms
  • Granite Bathroom Countertops
  • Low Flow Toliet

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Overhead Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity, water
  • The owner pays for gardener, electricity
  • Assessor Parcel Number 5049-001-051

Community Details

Overview

  • 3 Buildings
  • 6 Units

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

10

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: Yes
  • Alley: No
  • Building Permit: Yes
  • Living Area: 10869
  • Lot Acreage: 0.1104
  • Probate: No
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2020
  • Number Of Photos: 50
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Turnkey
  • Number Carpet: 0
  • Number Dishwasher: 6
  • Number Disposal: 6
  • Number Range: 6
  • Number Refrigerator: 6
  • Flooring: Ceramic Tile, Laminate
  • Appliances: Microwave, Oven, Oven-Gas
  • Bedrooms: 24
  • Bedroom Features: 2 Master Bedrooms
  • Common Walls: Attached
  • Bathroom Features: 2 Master Baths, Granite, Low Flow Toilet(s)
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: In Closet, In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 25.00
  • Den: 0
  • Equipment: Built-Ins, Garbage Disposal, Dishwasher, Gas Dryer Hookup, Microwave, Refrigerator, Range/Oven, Dryer, Washer, Water Line to Refrigerator
  • Price Per S Q F T: 352.29
  • Windows: Double Pane Windows

Exterior Features

  • Construction: Stucco
  • Other Features: Balcony, Custom Built
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: Canyon, Green Belt
  • View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 10
  • Other Spaces: 3
  • Covered Parking: 12
  • Parking Garage: Carport, Attached, Covered Parking, Garage - 2 Car
  • Total Parking: 15

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Tankless, Gas
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Number Electric Meters: 6
  • Number Gas Meters: 6
  • Number Water Meters: 6
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Sprinklers: Rear, Front
  • Additions Alterations: No
  • Assessed Improvement Percent: 56.60
  • Assessed Improvement Value: 24752
  • Assessed Land Percent: 43.4
  • Assessed Land Value: 18983
  • Total Assessed Value: 43735
  • Assessor Parcel Number: 5049-001-051
  • Lot Description: Gutters, Landscaped, Lot-Level/Flat, Utilities - Overhead
  • Lot Location: Cul-De-Sac
  • Lot Size Area: 11267

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Gardener, Electricity
  • Rent Control: No
  • Tenant Pays: Gas, Electricity, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 13.00
  • Number Of Units: 6
  • Total Annual Expense: 0
  • Type Of Units: Town House
  • Vacancy Rate: 17%

Tax Info

  • Private Transfer Taxes: No
  • Mello Roos: Unknown

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $3,950,000 +3.2% $363 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $3,829,000 0.0% $352 / Sq Ft
06/03/2021 06/03/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $3,829,000 0.0% $352 / Sq Ft
05/22/2021 05/22/21 Pending -- -- --
05/10/2021 05/10/21 Price Changed $3,829,000 -1.8% $352 / Sq Ft
04/19/2021 04/19/21 For Sale $3,899,000 0.0% $359 / Sq Ft
04/04/2021 04/04/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $3,899,000 +550.9% $359 / Sq Ft
09/15/2017 09/15/17 Sold $599,000 0.0% $410 / Sq Ft
07/31/2017 07/31/17 For Sale $599,000 -- $410 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-681310

The MLS