1700 S Redondo Blvd, Mid-City
Mid-City New Construction Fourplex
OPPORTUNITY ZONE! A massive, architecturally striking brand new construction fourplex in prime Mid-City! This highly elevated, multi-dimensional "double duplex" was constructed with ample steel, making it more structurally sound than your everyday fourplex. With huge rooftop decks with awe-inspiring views of Los Angeles, the nicest curb appeal in Mid-City, an unbeatable unit mix of two 5 beds, one 4 bed and one 3 bed, and designer finishes, we project an outstanding 5.85% cap rate.
The Important
Details
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$3,350,000
Fourplex
In Escrow
4
2024
5.85%
13.17
$254,500/Year (Pro Forma)
7,504 sqft
8,048 sqft
$446.43
$837,500
2 x 5b/4b, 1 x 4b/3b, 1 x 3b/2.5b
Yes
10 Carport Spaces
High-End Construction, Rooftop Decks
The Highlights
Outstanding projected cap rate of 5.85%! Cash cow.
Opportunity zone- major tax benefits (consult with your CPA).
MASSIVE units (7,504 livable square feet) with premium floorplans.
Multi-dimensional, architecturally impressive exterior. The best curb appeal you'll find on a new construction fourplex!
Boasts ultra-high-end finishes and top-tier construction. This is not your typical fourplex!
Built with steel (very rare and much more costly than wood), this property's construction quality is impressive.
Ideal unit mix of two 5 bedrooms, one 4 bedroom, and one 3 bedroom.
Massive rooftop decks 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
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
Contact
Lauren Cearley
213.302.8662
Property Presented By:
