3994 La Salle Avenue

Los Angeles, CA 90062

$2,400,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $333 / sqft

2022

calendar_month Built

Property Description

Introducing this stunning new construction quadplex, proudly green-certified, nestled in the vibrant city of Los Angeles! Merely 1.3 miles from USC, an easy 6-minute bike ride away, this prime property boasts four units, each featuring 3 bedrooms. Among these, two units offer 3.5 bathrooms, while the remaining two include 3 bathrooms, totaling 12 bedrooms and 13 bathrooms. Experience unparalleled luxury with upscale finishes and impeccable construction quality, all under a current cap rate of 5.38%. Each unit is separately metered, ensuring the landlord incurs no utility expenses. Moreover, seize the opportunity to transform the four-car tandem garage into an ADU (accessory dwelling unit) without the need for additional parking, potentially elevating the pro forma cap rate to 7.31%. By converting the side-by-side garage, a second ADU could be established, adding an extra 1-2-bedroom unit to significantly boost the cap rate. This presents an opportunity to potentially achieve a cap rate exceeding 8%, an unprecedented feat in new construction within this rapidly growing area. This customizable ADU could serve as a lucrative income source or a private living space, complete with kitchen, bathroom, and living area. Discover generously sized bedrooms with ample closet space and sleek, modern bathrooms. The open floor plans boast spacious living rooms, dining areas, and gourmet kitchens equipped with stainless steel appliances and quartz countertops. Enjoy the convenience of a private yard, in-unit laundry, central HVAC, and fully paid-off solar panels.This property offers a unique blend of contemporary amenities, cost-saving features, and income potential, making it a savvy investment choice in Los Angeles' thriving rental market. Benefit from its prime location with easy access to major roads, freeways, public transportation, and nearby amenities such as Starbucks, Exposition Park, Los Angeles Memorial Coliseum, and the Crypto Arena. Don't miss out on the opportunity to earn positive cash flow, leverage new construction tax benefits, minimize maintenance costs, and witness appreciation in one of Los Angeles' most historically robust markets.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Wood
Fireplace Information
Features None
Interior Information
Features Granite Counters, Open Floorplan, Recessed Lighting, Storage, Tandem
Cooling Type Central Air, Dual

Listing Information

Address 3994 La Salle Avenue
City Los Angeles
State CA
Zip 90062
County Los Angeles
Listing Agent Drew Dunn DRE#01941825
Courtesy Of Four Brothers Real Estate
MLS OC24036012
List Price $2,400,000
Status Pending
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 6,448
Year Built 2022
DOM 52

Exterior Information

Maps

Listing information courtesy of: Drew Dunn, Four Brothers Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of May 9th, 2024 at 1:17 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.