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$ 2,995,000
Est. payment | /mo
7,700 SqFt
$ 2,995,000
Est. payment | /mo
7,700 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,700 sqft
Price per Sqft $388
MLS Listing ID CL25529927
HOA Y/N No
Year Built 2023
Lot Size 6,122 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
Presenting a prime investment opportunity in Los Angeles: five newly constructed units, completed in 2023, are available directly from the developer. This strategically located property offers a strong income stream with a 6.24% cap rate and potential for additional ADU conversions. Each unit showcases modern finishes for a luxurious living experience, featuring independent metering for gas, water, and electricity to ensure low-maintenance efficiency. Covering 7,700 square feet, the property includes two four-bedroom units, two three-bedroom units, and one-bedroom ADU, all in the dynamic Pico-Union area. Thoughtfully designed with en-suite bathrooms in every bedroom and ample parking for tenants, this offering is ideal for 1031 exchange buyers and investors seeking steady cash flow in a vibrant market. Conveniently situated just west of Downtown Los Angeles, north of USC Village, and east of Koreatown, this property is a standout investment choice.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
Utilities Available Other Water/Sewer
Building
Water Other
New Construction No
Others
Tax ID 5056021016
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Armin Soleimani • Global Platinum Properties, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "