4351 Victoria Park Place, Mid-City
Fully Leased at 5.42% Cap | Luxury Triplex in Victoria Park
This luxury triplex in coveted Victoria Park is perfect for owner-occupiers & investors alike. The private front 5b/5.5b home spans nearly 3,000 SF with premium finishes & an ideal floorplan. Two stabilized, separate 4b/4b townhomes offer excellent rental potential with yards that can be privatized & high-end finishes. With tenant-paid utilities, minimal upkeep, and a 5.42% projected cap rate, this is a fantastic opportunity to live in luxury while generating income. Homes nearby go for 2-3m. Buy this instead!
The Important
Details
List Price:
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# Units:
Year Built:
Cap Rate:
GRM:
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$2,850,000
Triplex
Off-Market
3
2024
5.42%
13.97
$204,000
6,174 sqft
7,305 sqft
$461.61
$950,000
1 x 5b/5.5b SFR, 1 x 4b/4b, 1 x 4b/4b ADU
No
2 Garage Spots, 3 Exterior Spaces
Yes
Other Features:
Coveted Residential Area, Almost 3,000 SF Home
The Highlights
Located in Victoria Park, a coveted residential area surrounded by gorgeous historical homes. New construction is hard to come by in this residential pocket of LA.
Single family homes of significantly smaller square footage sell for 2-3 million nearby. 4351 Victoria Park is an almost 3,000 SF home PLUS two 4 bedroom townhomes for only $2,850,000!
Situated on the highly desirable Victoria Park Pl, a beautiful circle made up of gorgeous traditional homes, reminiscent of the golden years of Hollywood.
Located walking distance to the Midtown Shopping Center and Target. Less than 1 mile to Ulta, Lowes, Starbucks, Olive Garden, Sprouts and more.
Step in to income on day 1! Current gross income of $204,000/year.
Delivered at a REAL 5.42% cap rate.
MEGA-SIZED 5 bedroom front house and two huge 4 bedroom units with premium floorplans.
The best curb appeal you'll find on a new construction property.
Boasts high-end finishes that blend modern luxury with traditional design for a perfect product that fits the area.
Tenants pay all utilities! Minimal expenses.
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
Downtown Culver City, Ivy Station, The Culver Steps, Trader Joes, Equinox, Amazon Studios, The Culver Hotel, Sony Pictures, Midtown Shopping Center, The Grove, LACMA, The Farmer’s Market, El Rey Theatre, Pasta Sisters,The Mint, Akasha, Public School, The Mandrake
Contact
Lauren Cearley
213.302.8662
Property Presented By:
