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1638 S Longwood Ave, Mid-City

Massive 2025 Designer Fourplex in Prime Mid-City

PRE-MARKET brand new construction fourplex located in the highly sought-after Pico/La Brea Mid-City neighborhood, just walking distance to countless conveniences such as Sprouts, Target, Planet Fitness, Starbucks, Chipotle, Five Guys, Wingstop, Yogurtland, & more! This luxury fourplex not only offers an unbeatable location but also boasts high-end finishes, modern design and an excellent projected 5.63% cap rate and $251,400 in yearly gross rent!

The Important
Details

List Price:

Property Type:

Status:

# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

$/Unit:

Unit Mix:

Opportunity Zone:

Parking:

Rent Control:

$3,399,000

Fourplex

For Sale

4

2025

5.63%

13.52

251,400 (Pro Forma)

7,450 sqft

6,592 sqft

$456.24

$849,750

3 x 4b/4.5b, 1 x 3b/3.5b

No

8 Exterior Spaces

No

Other Features:

Brand New Construction, Modern Finishes

The Highlights

  • Outstanding projected cap rate of 5.63%! Cash cow.

  • NO RENT CONTROL!

  • MASSIVE units (7,450 livable square feet) with premium floorplans.

  • Walking distance to Sprouts, Target and countless restaurants & conveniences in the Midtown Crossing Shopping Center (Planet Fitness, Starbucks, Chipotle, & more).

  • Multi-dimensional, architecturally impressive exterior.

  • Ideal unit mix of three 4 bedrooms, one 3 bedroom.

  • Massive glass balconies with awe-inspiring views of Los Angeles.

  • All units separately metered for gas, electric AND water! Very low expenses!

  • Dream 1031 exchange opportunity. Ready to close!

  • With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.

  • Moments from countless exciting mixed-use developments such as Ivy

    • Station (HBO headquarters), the Cumulus Development (Whole Foods), the Culver Steps (Amazon Studios), and Platform!

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

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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