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$ 4,725,000
Est. payment | /mo
10,908 SqFt
$ 4,725,000
Est. payment | /mo
10,908 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,908 sqft
Price per Sqft $433
MLS Listing ID CL25612903
HOA Y/N No
Year Built 2025
Lot Size 0.266 Acres
Acres 0.2663
Property Sub-Type Other
Property Description
PRICE REDUCED! We are proud to present 8 Brand New non-RSO Units with a 6.23% Cap Rate in one of Los Angeles' most dynamic and rapidly evolving neighborhoods - Jefferson Park / Leimert Park. Located at 3608 and 3612 10th Ave., the properties, consisting of two Fourplexes, are strategically located a ten minute walk to the Expo / Crenshaw E and K Metro Station, helping tenants to take advantage of the notable job market in the area, while opening up all of Los Angeles to those who choose to avoid relying on a car! Designed for modern living, these two-story structures have been thoughtfully designed with today's renters in mind. The properties features spacious, family-sized units perfect for roommates, and each consist of two 3-bedroom units and two 4-bedroom units, boasting open floor plans, generous living areas, and in-unit laundry with new washers and dryers. The cooks-kitchens are appointed with quartz-style countertops, stainless steel appliances, and custom cabinetry, creating a clean, contemporary aesthetic that appeals to families and young professionals alike. Each residence has its own private entry for an exclusive feel, with two-story layouts, stylish lighting and one entry-level bedroom. The back of the property is striped for 8 parking spaces, and will feature solar panels. The properties' location is equally compelling. Very centrally located for Los Angeles, residents benefit from the E and K Metro Lines, which will connect to the People Mover for quick access to LAX, placing the entire city (and the world) within easy reach, creating a rare convenience for professionals, students, and frequent travelers. Just north of Leimert Park and the Crenshaw Mall, the properties are also only minutes from West Adams, one of Los Angeles' most dynamic neighborhoods, celebrated for its rapid revitalization, vibrant dining scene, and influx of creative professionals. With continued reinvestment driving new restaurants, nightlife, and retail, this submarket is emerging as one of the city's most desirable places to live and invest.This offering provides investors with the rare chance to acquire two newly built, transit-oriented Fourplexes with no rent control in a neighborhood that is quickly coming of age. With its large unit sizes, modern finishes, and prime location, 3608 & 3612 10th Ave. present a compelling long-term hold for cash flow and appreciation and a strong addition to any multifamily portfolio. This Listing includes two APNs: 5044-012-024 &
Location
State CA
County Los Angeles
Zoning R1-1
Interior
Cooling Central Air
Fireplace No
Building
New Construction No
Others
Tax ID 5044012024
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Listed by Dario Svidler • Keller Williams Beverly Hills
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