$2,899,000
For Sale
0.08 acres | #PW24094171
Listing OfficeCitivest Realty Services, Inc
Browse 40 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

BEAUTIFUL 2024 FOUR UNIT NEW CONSTRUCTION IN HIGHLY DESIRABLE PALMS NEIGHBORHOOD
We are pleased to present this Green Certified new construction Four-Unit luxury complex. The developer is currently converting the purpose-built storage room to an ADU. This is the latest property built by new construction specialist TrueBuilt Construction, Inc. The property will be sold with all four units in turn-key condition and a proforma 5.51% Cap Rate.
This property, located in the very hot market of Palms just a few minutes’ walk to Culver City attractions. Including, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, hip community and supporting services providing high-paying and stable jobs and future growth.
This luxury complex is comprised of two structures, totaling four new construction townhomes, each with private laundry rooms and garage parking spaces. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property features drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property.
Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.

  • Property Details
      • InteriorBalcony, HighCeilings, QuartzCounters, RecessedLighting, Storage, TwoStoryCeilings, WoodProductWalls
      • Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
      • Lot DescriptionLandscaped, SprinklerSystem
      • Exterior MaterialsBalcony, Lighting
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • ViewCityLights
      • Original List Price$2,899,000
      • MLS #PW24094171
      • MLS #PW24094171
      • Property SubtypeMixedUse
      • Cost2899000
      • Acres0.0832
      • Utility SourcePublic
      • Year Built2024
      • FoundationSlab
      • Stories3
      • Parking Spaces4

Location

Rami ElminoufiReal Estate Group
$
years

Down Payment

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20.0%

Interest Rate

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5.0%

Tax Rate

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1.3%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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