Property listed by Myunits.com Inc., Lauren Cearley 209-298-6020
$3,299,000
1638 S Longwood is a massive, highly walkable brand new construction fourplex in prime Mid-City! This elevated double duplex is located on a corner lot walking distance to the local conveniences in the Midtown Shopping Center (Target, Sprouts, Michaels, & more) and 2 miles from Culver City and the countless… Read More hotspots and conveniences in the area (Lodge Bread, Kismet Rotisserie, Sephora, CorePower Yoga, Erewhon, Salt & Straw, and many more) including the trendy Helms Bakery District! With massive balconies, outstanding curb appeal, an unbeatable unit mix of three 4 beds and one 3 bed, and modern finishes, we project an outstanding 5.84% cap rate. In addition to the high return and NO RENT CONTROL, it's also important to note that the property boasts separate meters for all utilities, minimal expenses, and a 1-year builder’s warranty! 1638 S Longwood is situated walking distance from the convenient Midtown Crossing Shopping Center (Planet Fitness, Starbucks, Chipotle, Five Guys, Wingstop, Yogurtland & more). This neighborhood has rapidly transformed into the hottest rental market in Los Angeles, with several of the most exciting mixed-use developments a short drive from this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), Platform, and the Cumulus District (Whole Foods). Thanks to the huge supply of entertainment, tech and creative jobs in Mid-City, 1638 Longwood will attract high quality professional tenants. Cap rates haven’t been this high for several years- now is your time to lock up unheard of good deals! There is no safer investment than Los Angeles new construction multi-family. Read Less
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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