1636 Longwood Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$3,100,000 USD
310-575-2690
1636 Longwood Ave, Los Angeles, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/80
null | 6% Cap Rate

1636 Longwood Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • 100% FULLY LEASED WITH A UNHEARD OF CAP RATE OF 6.05%, HIGHLY DESIRABLE FOR RENTERS BECAUSE OF PROXIMITY TO TECH HUBS LIKE APPLE CLOSE BY
  • BRAND NEW 2025 CONSTRUCTION WITH MASSIVE UNITS, NON RENT CONTROL IN MID CITY CLOSE TO CULVER CITY, WEST ADAMS, BEACH CITIES, MIRACLE MILE
  • HIGH END QUALITY FINISHES WITH BIG BEDROOMS, DESIGNER FINISHES, ISLANDS, WALK IN CLOSETS, BEAUTIFUL BALCONIES, AND TONS OF NATURAL LIGHT
  • MINUTES TO CULVER CITY, CENTURY CITY, WEST ADAMS, RESTAURANTS, ENTERTAINMENT, COFFEE SHOPS, WALKING DISTANCE TO TARGET, SPROUTS AND MANY MORE
  • LOWEST PRICE PER FOOT IN MID CITY AND LOWER THAN TODAY'S CURRENT REPLACEMENT COSTS, NEARBY SOLD COMP AT $3,399,000 MAKES THIS A STEAL!
  • POTENTIAL TO COVERT CARPORT TO ADUS, AND MINUTES TO HELMS DISTRICT, CULVER CIY STEPS, IVY STATION, APPLE, THE CUMULUS(WHOLE FOODS) AND MANY MORE!

OVERVIEW

Welcome to 1636 S Longwood Ave, a 100% FULLY LEASED Non Rent Controlled, High End and Massive Brand New 2025 Construction Fourplex with an unheard of cap rate of 6.05%, yearly gross income of $226,680 and a monthly gross income of $18,890! The property is located in the ultra trendy Mid-City area, just minutes from Culver City, West Adams and highly desirable area due to its centrality and walkability to coffee shops, grocery stores like Target, Sprouts, gyms, shops, entertainment district and many trendy restaurants. The building features an attractive unit mix of Three-4 bedrooms 4.5 baths and 1-3 bedroom 3.5 baths, ranging from 1,757 square feet to nearly 2,000 square feet on the biggest unit. The total livable 7,462 square foot doesn't include a 865 square feet carport area for 8 cars that can potentially be converted to future ADUS. Each unit feature's efficient open floor plans with huge bedrooms, walk in closets, massive balconies and all units have a ton of natural light. All the units features beautiful vinyl flooring with glossy modern white cabinets, quartz white countertops, large islands that have beautiful waterfalls. Moreover, each unit has stainless steel appliances, washer and dryer in unit, designer carrara shower tiles and each unit is separately metered for utilities to lower expenses for a buyer and easy to manage plus the property comes with 1 year builders warranty. With a total gross square footage of over 8,326, much lower than today's replacement costs and a price per square foot of $415, this is lowest you can find in this Prime Mid City pocket. This property is perfect for investors, a dream opportunity for 1031 Buyers and anyone that wants to invest in a safe asset at an amazing price and in the heart of Los Angeles. In addition, the luxury building is located just minutes from the Arts District, Helms Bakery, Cumulus which has the famous Whole Foods, Culver City Steps and Ivy Station, which is home to Apple, Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. The strong and ultra hot rent desirability and comps are being achieved in this neighborhood, largely due to the by the surrounding tech hubs, providing high-paying salary jobs. Mid-City overall is a very hot market, its centralized location makes it convenient to get all neighborhoods such as Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, Culver City, Westside/Beach cities or Downtown within minutes and much more. There is a recent sale comp of a similar 4plex property, that sold for $3.4 million making this deal very attractive. The neighborhood has lots of brand new construction close by giving a modern, and nice vibrant feel to the area. This property has a ton of benefits, some of which are including long-term appreciation along with Depreciation benefits! DON'T MISS OUT on an amazing deal!

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

4

PRICE/UNIT

$775,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,592 SF

ZONING

LARD1.5

APN/PARCEL ID

5067-007-039

ASK ABOUT THIS PROPERTY

Daniel LalezariLuxe CapitalMore Info
310-575-2690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel LalezariLuxe CapitalMore Info
310-575-2690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.