1638 S Longwood Ave, Mid-City
Luxury Mid-City Fourplex
PRE-MARKET brand new construction fourplex located in trendy Pico/La Brea Mid-City, just walking distance to countless convinces such as Sprouts, Target, Planet Fitness, Starbucks, Chipotle, Five Guys, Wingstop, Yogurtland & more! This luxury fourplex boasts an excellent projected 5.48% cap rate & $242,400 in yearly gross rent!
The Important
Details
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$3,349,000
Fourplex
Pre-Market
4
2024
5.48%
13.82
$242,400 (Pro Forma)
7,462 sqft
3,972 sqft
$448.81
$837,250
3 x 4b/4.5b, 1 x 3b/3b, 1 x 3b/3.5b
No
8 Exterior Spaces
Brand New Construction, Modern Finishes
The Highlights
Outstanding projected cap rate of 5.48%! Cash cow.
MASSIVE units (7,462 livable square feet) with premium floorplans.
Walking distance to countless restaurants & convinces in the Midtown Crossing Shopping Center (Planet Fitness, Starbucks, Chipotle, & more).
Multi-dimensional, architecturally impressive exterior. The best curb appeal you'll find on a new construction fourplex!
Boasts ultra-high-end finishes and top-tier construction. This is not your typical fourplex!
Ideal unit mix of three 4 bedrooms, one 3 bedroom.
Massive balconies with awe-inspiring views of Los Angeles.
All units separately metered for gas, electric AND water! Very low expenses!
Dream 1031 exchange opportunity. Ready to close!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
Moments from countless exciting mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), the Culver Steps (Amazon Studios), and Platform!
The Neighborhood
<15-Minute Walk
Midtown Shopping Center, Hollywood Night Market, Planet Fitness, Five Guys, Pacific French Bakery, Spaccio Salumeria, Menchitas, Washington Irving Branch Library, Starbucks, , Roscoe's Chicken and Waffles, Olive Garden, Wingstop, Subway, Jamba Juice
<15-Minute Drive
Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen
<$15 Uber Ride
Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen
Contact
Lauren Cearley
213.302.8662
Property Presented By:
