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1636 Longwood Ave 4 Unit Apartment Building $4,327,352 CAD ($1,081,838 CAD/Unit) 6% Cap Rate Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- 100% FULLY LEASED WITH A UNHEARD OF CAP RATE OF 6.05%, HIGHLY DESIRABLE FOR RENTERS BECAUSE OF PROXIMITY TO TECH HUBS LIKE APPLE CLOSE BY
- HIGH END QUALITY FINISHES WITH BIG BEDROOMS, DESIGNER FINISHES, ISLANDS, WALK IN CLOSETS, BEAUTIFUL BALCONIES, AND TONS OF NATURAL LIGHT
- LOWEST PRICE PER FOOT IN MID CITY AND LOWER THAN TODAY'S CURRENT REPLACEMENT COSTS, NEARBY SOLD COMP AT $3,399,000 MAKES THIS A STEAL!
- BRAND NEW 2025 CONSTRUCTION WITH MASSIVE UNITS, NON RENT CONTROL IN MID CITY CLOSE TO CULVER CITY, WEST ADAMS, BEACH CITIES, MIRACLE MILE
- MINUTES TO CULVER CITY, CENTURY CITY, WEST ADAMS, RESTAURANTS, ENTERTAINMENT, COFFEE SHOPS, WALKING DISTANCE TO TARGET, SPROUTS AND MANY MORE
- POTENTIAL TO COVERT CARPORT TO ADUS, AND MINUTES TO HELMS DISTRICT, CULVER CIY STEPS, IVY STATION, APPLE, THE CUMULUS(WHOLE FOODS) AND MANY MORE!
EXECUTIVE SUMMARY
Welcome to 1636 S Longwood Ave, a 100% FULLY LEASED Non Rent Controlled, High End and Massive Brand New 2025 Construction Fourplex with an unheard of cap rate of 6.05%, yearly gross income of $226,680 and a monthly gross income of $18,890! The property is located in the ultra trendy Mid-City area, just minutes from Culver City, West Adams and highly desirable area due to its centrality and walkability to coffee shops, grocery stores like Target, Sprouts, gyms, shops, entertainment district and many trendy restaurants. The building features an attractive unit mix of Three-4 bedrooms 4.5 baths and 1-3 bedroom 3.5 baths, ranging from 1,757 square feet to nearly 2,000 square feet on the biggest unit. The total livable 6,845 square foot doesn't include a 865 square feet carport area for 8 cars that can potentially be converted to future ADUS. Each unit feature's efficient open floor plans with huge bedrooms, walk in closets, massive balconies and all units have a ton of natural light. All the units features beautiful vinyl flooring with glossy modern white cabinets, quartz white countertops, large islands that have beautiful waterfalls. Moreover, each unit has stainless steel appliances, washer and dryer in unit, designer carrara shower tiles and each unit is separately metered for utilities to lower expenses for a buyer and easy to manage plus the property comes with 1 year builders warranty. This property is perfect for investors, a dream opportunity for 1031 Buyers and anyone that wants to invest in a safe asset at an amazing price and in the heart of Los Angeles. In addition, the luxury building is located just minutes from the Arts District, Helms Bakery, Cumulus which has the famous Whole Foods, Culver City Steps and Ivy Station, which is home to Apple, Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. The strong and ultra hot rent desirability and comps are being achieved in this neighborhood, largely due to the by the surrounding tech hubs, providing high-paying salary jobs. Mid-City overall is a very hot market, its centralized location makes it convenient to get all neighborhoods such as Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, Culver City, Westside/Beach cities or Downtown within minutes and much more. There is a recent sale comp of a similar 4plex property, that sold for $3.7 and $3.4 million making this deal very attractive. The neighborhood has lots of brand new construction close by giving a modern, and nice vibrant feel to the area. This property has a ton of benefits, some of which are including long-term appreciation along with Depreciation benefits! DON'T MISS OUT on an amazing deal!
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $4,327,352 CAD | Apartment Style | Townhome |
| Price Per Unit | $1,081,838 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6% | Building Size | 8,326 SF |
| Gross Rent Multiplier | 13.67 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $4,327,352 CAD |
| Price Per Unit | $1,081,838 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 13.67 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 8,326 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
- Loft Layout
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 1 | $6,135 CAD | 1,757 |
| 4+4.5 | 3 | $6,732 CAD | 1,757 - 2,060 |
1 1
Walk Score®
Very Walkable (89)
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1636 Longwood Ave
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