2223 S Highland Ave, Mid-City
2024 Mid-City Fourplex Offering A True 5.85% Cap Rate
Brand New 2024-built fourplex in central Mid-City, just minutes from West Adams and Culver City, offering a true 5.85% cap rate. Fully leased, this high-end property features spacious living rooms, modern kitchens, and sleek finishes. Two of the units boast private rooftop decks, adding valuable outdoor space. A low-maintenance investment in a prime, high-demand rental market.
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:
$2,895,000
Duplex + 2 ADU's
For Sale
4
2024
5.85%
13.11
$220,800/Year
6,641 sqft
5,013 sqft
$435.93
$723,750
1x 4b/4.5b, 1x 3b/3.5b, 2x 4b/4b
Yes
1 Garage Space, 3 Exterior Spaces + 2 Bonus Spaces
No
Other Features:
NO RENT CONTROL,
FULLY RENTED
The Highlights
NO RENT CONTROL!
FULLY STABILIZED building- 100% leased
Located in ultra trendy and highly sought after Mid-City area- A major draw for A+ tenants!
Outstanding REAL cap rate of 5.85%!
One of the best priced luxury new construction fourplexes in the Mid-City area.
Residential, tree-lined street!
Boasts high-end, modern finishes and convenient in-unit laundry.
Ideal unit mix of four 4 bedroom units! High income producing property!
All units separately metered. Tenants pay all utilities, making for minimal expenses.
Dream 1031 exchange opportunity. Low maintenance and high return.
Situated near the 10 & 405 freeways, public transit options, and Metro lines, making commuting throughout the city seamless.
Short drive to countless trendy restaurants, shops and mixed-use developments such as Highly Likely, the Culver Steps, Platform and the soon-to-be Maydan Market (food hall) that includes Michelin Star connected restaurant Compass Rose!
The Neighborhood
<15-Minute Walk
Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
<15-Minute Drive
The Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
<$15 Uber Ride
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
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