Bought with Armand Martinez • Century 21 Masters
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Key Details
Sold Price $3,575,000
Property Type Commercial Sale
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 9,472 sqft
Price per Sqft $377
MLS Listing ID CRDW25056319
Year Built 2025
Lot Size 5,002 Sqft
Property Sub-Type Other
Property Description
Massive $300K Price Reduction-Now $3.5M! Presenting an unmatched investment opportunity on 3rd Street, just off the I-10 freeway in one of LA's hottest, high-growth neighborhoods. At 90% complete (images for completion reference only), this new construction boasts one of the highest CAP rates in LA County at 7.23%-a rare find for a modern multi-family asset. Featuring six premium units-two 6-bed/5-bath, two 5-bed/5-bath, and two 2-bed/1-bath ADUs-all individually metered with solar panels and smart tech for maximum efficiency and profitability. Also available as a separate $1.75M parcel (parcel #5180004008) as a duplex + ADU. With prime access to Downtown LA, Santa Monica, and Culver City, this turnkey property promises strong cash flow, tenant demand, and long-term appreciation. Act now-opportunities like this don't last!
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Laundry Laundry Closet, Other, Inside
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803

