Detailed Introduction Of This Home
APPX 6% PROJECTED CAP BRAND NEW 2023 BUILT 4-PLEX IN THE BEST PART OF MID CITY WITH PERMIT PAID 5TH UNIT. Presenting an unparalleled investment opportunity that seamlessly blends luxury and innovation! This extraordinary income property, strategically perched atop the hills with breathtaking views of Century City and Hollywood, is not just a home; it's an experience. Comprising three exquisitely designed 1-bedroom units and one lavish 2-bedroom unit, each residence has been meticulously crafted to the highest level of finishes. The property, appx 6% projected cap, stands as a Completely rebuilt Front Duplex, Brand-new 2023-built 2 ADUs, along with a shovel ready 5th unit, making it the ONLY available new construction 4-unit apartment in the 2M range in the best part of Mid City. It can be delivered leased, offering an obvious choice for all 1031 Exchange buyers. This unique property, a testament to quality comparable to high-end condos, underwent a total gut remodel with a new roof, power, plumbing, AC, and even soundproof walls. Added support for the foundation, including bolting and sheer wall all around the property, ensures structural integrity. Projected to gross approximately $173,400/year with minimal maintenance, the mix of 1 Bed and 2 Bed units attracts Class-A tenants with high-income producing jobs, thanks to its proximity to super trendy locations near Culver City and Beverly Hills. These units are not your average new construction apartments; the meticulous design, solid finish, and thoughtful layout in each unit allow tenants to easily envision their living space, making the decision on the spot. Seize this chance to own a portfolio that marries aesthetic excellence with a strategic location, promising both immediate cash flow and long-term prosperity.