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932 W 66th Street

Los Angeles (City), CA 90044
  • $2,550,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: OC24028496
UPDATED: 172 min ago
$2,550,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

Listing Agent(s): Drew Dunn of Four Brothers Real Estate (323-408-1080)


Description

This new construction green-certified QUADPLEX is located in the bustling city of Los Angeles! Each of the four units features 4 bedrooms. Two of these units comprise 2.5 bathrooms each, while the other two consist of three bathrooms each, resulting in a combined total of 16 bedrooms and 11 bathrooms. Don't miss out on this extraordinary opportunity! This deal offers unparalleled luxury with high-end finishes and exceptional construction quality, all backed by an incredible 6% cap rate. The bedrooms are well-sized with ample closet space as well as bathrooms featuring sleek designs and top-quality fixtures. The open floor plans include a living room, dining area, and a gourmet kitchen with stainless steel appliances and quartz countertops. The property also features a private yard, in-unit laundry, and central HVAC. Each unit is separately metered, which means that the landlord does not have to cover any of the utility expenses. In addition, this opportunity also offers has a value-add component allowing the future owner to convert the two car garage into an ADU (accessory dwelling unit). This would provide the potential for additional income or a separate living space for a family member or tenant. The ADU could be customized to fit your specific needs and can include features such as a kitchen, bathroom, and living area. This unique feature of the property offers endless possibilities and could provide a great return on investment. The property is sold with a 1-year builder warranty, which provides additional peace of mind for the buyer. This property offers a unique blend of modern amenities, cost-saving features, and income potential, making it an ideal choice for any savvy investor looking to capitalize on the thriving Los Angeles rental market. The property's prime location also adds to its appeal, providing easy access to major roads and freeways, as well as public transportation, making it a highly desirable location for tenants. The bus line is just 250 feet away, while your nearest Starbucks is a convenient 2 miles. SoFi Stadium and the USC campus are within a 3-mile distance, and the Crypto Arena is only 5 miles away. Experience the advantages of earning positive cash flow, enjoying accelerated tax benefits through new construction, benefiting from low maintenance costs, and witnessing appreciation in one of the most robust historical markets in Los Angeles.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T10:33:26.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147461902
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932 W 66th Street Los Angeles (City), CA 90044

  • Price: $2,550,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 172 min ago
  • ID#: OC24028496
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2024
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
This new construction green-certified QUADPLEX is located in the bustling city of Los Angeles! Each of the four units features 4 bedrooms. Two of these units comprise 2.5 bathrooms each, while the other two consist of three bathrooms each, resulting in a combined total of 16 bedrooms and 11 bathrooms. Don't miss out on this extraordinary opportunity! This deal offers unparalleled luxury with high-end finishes and exceptional construction quality, all backed by an incredible 6% cap rate. The bedrooms are well-sized with ample closet space as well as bathrooms featuring sleek designs and top-quality fixtures. The open floor plans include a living room, dining area, and a gourmet kitchen with stainless steel appliances and quartz countertops. The property also features a private yard, in-unit laundry, and central HVAC. Each unit is separately metered, which means that the landlord does not have to cover any of the utility expenses. In addition, this opportunity also offers has a value-add component allowing the future owner to convert the two car garage into an ADU (accessory dwelling unit). This would provide the potential for additional income or a separate living space for a family member or tenant. The ADU could be customized to fit your specific needs and can include features such as a kitchen, bathroom, and living area. This unique feature of the property offers endless possibilities and could provide a great return on investment. The property is sold with a 1-year builder warranty, which provides additional peace of mind for the buyer. This property offers a unique blend of modern amenities, cost-saving features, and income potential, making it an ideal choice for any savvy investor looking to capitalize on the thriving Los Angeles rental market. The property's prime location also adds to its appeal, providing easy access to major roads and freeways, as well as public transportation, making it a highly desirable location for tenants. The bus line is just 250 feet away, while your nearest Starbucks is a convenient 2 miles. SoFi Stadium and the USC campus are within a 3-mile distance, and the Crypto Arena is only 5 miles away. Experience the advantages of earning positive cash flow, enjoying accelerated tax benefits through new construction, benefiting from low maintenance costs, and witnessing appreciation in one of the most robust historical markets in Los Angeles.
Exterior Features

Architectural Style Contemporary Carport YN Yes Construction Materials Aluminum SidingDrywallConcretePlasterWood Siding Entry Level 1 Entry Location Ground Floor Exterior Features LightingRain Gutters Fencing WoodWrought Iron Foundation Details Slab Lot Features 0-1 Unit/AcreFront YardGardenLawnLandscaped Number Of Separate Electric Meters 4 Open Parking Spaces 6 Parking Features Attached CarportAssignedConcreteCoveredDoor-MultiDriveway LevelDoor-SingleDrivewayGarageGatedOn SitePrivateGarage Faces RearSide By SideTandem Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type GravelPaved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features None Appliances DishwasherENERGY STAR Qualified AppliancesGas CooktopDisposalGas OvenGas RangeRange HoodTankless Water HeaterVented Exhaust Fan Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Central Heating YN Yes Interior Features Granite CountersOpen FloorplanRecessed LightingStorageTandemUnfurnishedBedroom on Main LevelPrimary Suite Window Features BlindsDouble Pane Windows

Property Features

Additional Parcels YN No Association YN No Cap Rate 6.02 Common Interest None Community Features CurbsGutter(s)Storm Drain(s)Street LightsSidewalksGated Electric Standard Garage YN Yes Green Energy Efficient Appliances Gross Income 199200 Gross Scheduled Income 199200 Inclusions New Stainless RefrigeratorStove and dishwashers for all units Insurance Expense 3104 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalSubmit Maintenance Expense 1912 Net Operating Income 153384 New Construction YN Yes New Taxes Expense 29720 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 0 Operating Expense 37848 Property Condition Updated/Remodeled Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Fire Detection SystemFire Sprinkler SystemGated CommunitySmoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Utilities Electricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 4 Water Sewer Expense 0 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T10:33:26.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Drew Dunn of Four Brothers Real Estate (323-408-1080)