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2223 S Highland Ave
Los Angeles, CA 90016
2024 Mid-City Fourplex | True 5.70% Cap Rate · Multifamily Property For Sale
·
4 Units
Investment Highlights
- NO RENT CONTROL!
- Located in ultra trendy and highly sought after Mid-City, minutes from West Adams and Culver City- A major draw for A+ tenants!
- Rooftop decks with amazing LA views!
- FULLY RENTED at a real 5.85% cap rate. Cash cow!
- One of the LOWEST priced luxury new construction fourplexes in the Mid-City/West Adams area. The best deal you will find!
- All units separately metered. Tenants pay utilities, meaning minimal owner expenses.
Executive Summary
Brand New 2024-built fourplex in central Mid-City, just minutes from West Adams and Culver City, offering a true 5.85% cap rate. Fully leased, this high-end property features spacious living rooms, modern kitchens, and sleek finishes. Two of the units boast private rooftop decks, adding valuable outdoor space. A low-maintenance investment in a prime, high-demand rental market.
Property Facts
| Price Per Unit | $982,853 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.85% | Building Size | 4,769 SF |
| Gross Rent Multiplier | 13.11 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price Per Unit | $982,853 CAD |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| Gross Rent Multiplier | 13.11 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,769 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Deck
- Double Pane Windows
- Instant Hot Water
- Island Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 2 | $6,043 CAD | 1,461 |
| 4+4.5 | 2 | $6,451 CAD | 1,860 |
Property Taxes
| Parcel Number | 5062-018-031 | Improvements Assessment | $2,178,596 CAD |
| Land Assessment | $960,747 CAD | Total Assessment | $3,139,343 CAD |
Property Taxes
Parcel Number
5062-018-031
Land Assessment
$960,747 CAD
Improvements Assessment
$2,178,596 CAD
Total Assessment
$3,139,343 CAD
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