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$ 3,249,000
Est. payment /mo
New
1636 S Longwood Avenue Los Angeles, CA 90019
15 Beds
19 Baths
6,592 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25119199
Bedrooms 15
HOA Y/N No
Lot Size 6,592 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
1636 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 countless restaurants and conveniences in the Midtown Crossing Shopping Center (Planet Fitness, Starbucks, Chipotle, Five Guys, Wingstop, Yogurtland & more). 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 5.50% cap rate with 50% of the units already leased! 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 builders warranty! 1636 S Longwood is situated walking distance from the convenient Midtown Shopping Center (Target, Sprouts, Michaels, & more) and 2 miles from Culver City and the countless local hotspots and conveniences in the area, including the trendy Helms Bakery District! 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 havent 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 c
1636 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 countless restaurants and conveniences in the Midtown Crossing Shopping Center (Planet Fitness, Starbucks, Chipotle, Five Guys, Wingstop, Yogurtland & more). 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 5.50% cap rate with 50% of the units already leased! 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 builders warranty! 1636 S Longwood is situated walking distance from the convenient Midtown Shopping Center (Target, Sprouts, Michaels, & more) and 2 miles from Culver City and the countless local hotspots and conveniences in the area, including the trendy Helms Bakery District! 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 havent 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.
1636 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 countless restaurants and conveniences in the Midtown Crossing Shopping Center (Planet Fitness, Starbucks, Chipotle, Five Guys, Wingstop, Yogurtland & more). 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 5.50% cap rate with 50% of the units already leased! 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 builders warranty! 1636 S Longwood is situated walking distance from the convenient Midtown Shopping Center (Target, Sprouts, Michaels, & more) and 2 miles from Culver City and the countless local hotspots and conveniences in the area, including the trendy Helms Bakery District! 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 havent 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.
Location
State CA
County Los Angeles
Area Los Angeles (90019)
Zoning Builder
Interior
Cooling Central Forced Air
Building
Lot Description Sidewalks
Story 3
Lot Size Range 4000-7499 SF
Level or Stories 3 Story
Others
Virtual Tour https://www.myunits.com/buy/1638longwood
Listed by Cheyenne Womack • Myunits.com Inc.