1636 S Longwood Ave - Apartments FOR SALE


Los Angeles, CA 90019- Mid-City
$3,249,000 USD
818-859-7242
1636 S Longwood Ave, Los Angeles, CA for Sale
$3,249,000 USD
Apartments - FOR SALE
1/52
null | 5.5% Cap Rate

1636 S Longwood Ave
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Outstanding projected cap rate of 5.50%! Cash cow.
  • 50% OF THE UNITS ALREADY LEASED HERE!
  • NO RENT CONTROL!
  • MASSIVE units (7,450 livable square feet) with premium floorplans.
  • Ideal unit mix of three 4 bedrooms, one 3 bedroom.
  • All units separately metered for gas, electric AND water! Very low expenses!

OVERVIEW

The 2-4 Unit Specialists are pleased to present 1636 S Longwood, 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 builder’s 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 haven’t 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.

FOR SALE DETAILS

PRICE

$3,249,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

4

PRICE/UNIT

$812,250

CAP RATE

5.5%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Massive 2025 Designer Mid-City Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,592 SF

ZONING

LAR1.5

APN/PARCEL ID

5067-007-039

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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Elizabeth MaddoxMyunits.com IncMore Info
818-859-7242

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