Property listed by Keller Williams Beverly Hills, Dario Svidler 310-432-6400
$2,375,000
PRICE REDUCED! We are proud to present a non-RSO Brand New Fourplex with a 6.68% Cap Rate in one of Los Angeles' most dynamic and rapidly evolving neighborhoods - Jefferson Park / Leimert Park. Located at 3608 10th Ave., the property is strategically located a ten minute walk… Read More to the Expo / Crenshaw E and K Metro Station, helping tenants to take advantage of the notable job market in the area, while opening up all of Los Angeles to those who choose to avoid relying on a car! Designed for modern living, this two-story structure has been thoughtfully designed with today's renters in mind. The property features spacious, family-sized units perfect for roommates, and consists of two 3-bedroom units and two 4-bedroom units, each boasting open floor plans, generous living areas, and in-unit laundry with new washers and dryers. The cooks-kitchens are appointed with quartz-style countertops, stainless steel appliances, and custom cabinetry, creating a clean, contemporary aesthetic that appeals to families and young professionals alike. Each residence has its own private entry for an exclusive feel, with two-story layouts, stylish lighting and one entry-level bedroom. The back of the property is striped for four parking spaces, and will feature solar panels. The property's location is equally compelling. Very centrally located for Los Angeles, residents benefit from the E and K Metro Lines, which will connect to the People Mover for quick access to LAX, placing the entire city (and the world) within easy reach, creating a rare convenience for professionals, students, and frequent travelers. Just north of Leimert Park and the Crenshaw Mall, the property is also only minutes from West Adams, one of Los Angeles' most dynamic neighborhoods, celebrated for its rapid revitalization, vibrant dining scene, and influx of creative professionals. With continued reinvestment driving new restaurants, nightlife, and retail, this submarket is emerging as one of the city's most desirable places to live and invest. This offering provides investors with the rare chance to acquire a newly built, transit-oriented Fourplex with no rent control in a neighborhood that is quickly coming of age. With its large unit sizes, modern finishes, and prime location, 3608 10th Ave. presents a compelling long-term hold for cash flow and appreciation and a strong addition to any multifamily portfolio. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
14
Square Ft.
5,454
Lot Size
0.13 Acres
Year Built
2025
MLS Number
26650387
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 2025, Living area: 5454.0, 1 building, 2 stories, Levels: Two
Cooling
CentralAir
Heating
Central
Income
Gross Income: $196,368, Net Operating Income: $158,713
Lot
0.1332 acres
Parking
None
Taxes
Parcel Number: 5044012025, Zoning: R1-1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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