$3,875,000
$3,995,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
9.5 Baths
5,276 SqFt
SOLD DATE : 07/05/2024
Key Details
Sold Price $3,875,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,276 sqft
Price per Sqft $734
MLS Listing ID 24-381995
Sold Date 07/05/24
Style Architectural
Bedrooms 9
Construction Status New Construction
Year Built 2024
Lot Size 6,251 Sqft
Acres 0.1435
Property Description
Buy new and enjoy the benefits of this freshly constructed and 100% LEASED triplex at premium market rental rates. Take advantage of no rent control restrictions, individually-metered utilities, brand new systems, minimal maintenance inside and out, various included warranties, and so much more.Welcome to Los Feliz's most recent new construction development, a remarkable and uniquely luxurious property offering an exceptional opportunity for investors, ideally situated just a few blocks from Los Feliz' and Silver Lake's restaurant & retail offerings, allowing residents to experience the best of both vibrant communities. This multi-family gem consists of 2 luxurious townhomes and 1 spectacular upper flat, each boasting meticulous contemporary design by a national award-winning architect, including custom improvements typically only found in custom homes which drove the market setting rental rates.The three unit project is comprised of two nearly identical townhomes (a 4BR/4BA and a 3BR/3.5 BA with a dedicated office) and a 2BR/2BA upper flat each providing ample space for comfortable living. Upon entering these stunning units, you'll be greeted by a sense of style and sophistication. The interior spaces have been thoughtfully designed to create a welcoming atmosphere and maximize both natural light and the unobstructed views from all three units' second story windows and balconies. All three units feature ample private and usable outdoor space. The townhomes each feature private back and side yards, while the upper flat has a dedicated roof deck. Parking for each townhome is located in a private tandem garage, while the upper flat has a dedicated covered surface space.The attention to detail is evident throughout the property, with high-end finishes, top-of-the-line Bosch appliances in the kitchens, and custom improvements. These modern amenities not only enhance the functionality of the space but also add a touch of luxe to everyday living.One of the standout features of the upper flat is its massive private rooftop deck with an easily retractable shade canopy, serving as the perfect spot for shaded daytime entertaining, or enjoying a quiet evening under the stars. The deck offers breathtaking and unobstructed views of the surrounding neighborhood, downtown Los Angeles, the Hollywood Sign, and the Griffith Park Observatory.Location is key, and this property truly shines in that regard. Situated in trendy Los Feliz, the Gateway to Los Angeles' burgeoning East Side, the property is adjacent to Silver Lake, and in close proximity to Eagle Rock, and The Parks communities (Echo, Glassell, and Highland) providing residents with easy access to an array of shops, restaurants, cafes, and entertainment options. Immerse yourself in the exciting local culture or take advantage of the nearby outdoor spaces such as Griffith Park and Barnsdall Park.An attractive price per SqFt, Cap Rate, GRM and ACTUAL rents solidify this rare opportunity as a sound investment.
Location
State CA
County Los Angeles
Area Los Feliz
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Flooring Engineered Hardwood
Fireplaces Type None
Equipment Alarm System, Built-Ins, Garbage Disposal, Dishwasher, Ice Maker, Microwave, Dryer, Washer, Refrigerator, Range/Oven, Solar Panels
Laundry Laundry Closet Stacked
Exterior
Garage Carport Attached, Driveway - Combination, Garage Is Attached, Private Garage
Garage Spaces 6.0
View Y/N Yes
View City Lights, Hills
Building
Story 2
Sewer In Street
Water In Street
Architectural Style Architectural
Level or Stories Multi/Split
Construction Status New Construction
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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