2223 S Highland Ave, Mid-City
2024 Mid-City Fourplex Offering A True 5.70% Cap Rate
Brand New 2024-built fourplex in central Mid-City, just minutes from West Adams and Culver City, offering a true 5.70% cap rate. Fully leased, this high-end property features spacious living rooms, modern kitchens, and sleek finishes. Two of the units boast private rooftop decks, adding valuable outdoor space. A low-maintenance investment in a prime, high-demand rental market.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$2,999,000
Duplex + 2 ADU's
Pre-Market
4
2024
5.70%
13.40
$223,800/Year
6,641 sqft
5,013 sqft
$451.59
$749,750
2x 4b/4.5b, 2x 4b/4b
Yes
1 Garage Space, 3 Exterior Spaces + 2 Bonus Spaces
No
Other Features:
NO RENT CONTROL,
FULLY RENTED
The Highlights
NO RENT CONTROL!
FULLY RENTED at a real 5.70% cap rate. Cash cow!
Located in ultra trendy and highly sought after Mid-City, minutes from West Adams and Culver City- A major draw for A+ tenants!
One of the LOWEST priced luxury new construction fourplexes in the Mid-City/West Adams area. The best deal you will find!
Rooftop decks with amazing LA views!
Residential, tree-lined street!
Boasts high-end, modern finishes and convenient in-unit laundry.
Ideal unit mix of four 4 bedroom units, the easiest unit type to rent.
All units separately metered. Tenants pay utilities, meaning minimal owner expenses.
Dream 1031 exchange opportunity. Low maintenance and high return.
Short drive to countless trendy restaurants, shops and mixed-use developments such as Highly Likely, the Culver Steps, Platform and the soon-to-be Maydan Market (food hall) that includes Michelin Star connected restaurant Compass Rose!
OPPORTUNITY ZONE! Major tax benefit (consult CPA).
The Neighborhood
<15-Minute Walk
Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
<15-Minute Drive
The Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
<$15 Uber Ride
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
Contact
Lauren Cearley
213.302.8662
Property Presented By:
