2418 West View Street, Los Angeles, CA 90016

About this property

Brand-new construction completed in 2020, with a whopping 6.27 CAP. The building is 100% Leased. Collect $24,995 monthly. Most likely the lowest cost per square foot and highest CAP in 90016. NON-rent control 6 units, all 3-story townhome-style units. All units have side-by-side 2 car garages. Water, gas and electricity are separately metered. Every unit has modern, stainless steel refrigerator, range, microwave, dishwasher and tank less water heater. The washer and dryer is included for occupants use. Each unit is over 1785 square feet, most with large balconies. Property is located in a cul de sac with large front and rear yards. Gated property with remote control access. You rarely find a building such as this with high income and low expenses. This is a prime property in a prime location near new construction on Adams, upcoming Whole Foods at Cumulus project, Culver City Arts district, metro rail, freeway and DTLA. Dont miss out, this opportunity checks all the boxes. Seller did the hard work so that you can reap the benefits.

Listing description from the November 2021 sale, as reported to CRMLS.

Sale history

$3,950,000

Sold November 2021 · listed $3,829,000, orig. $3,899,000, on market January 2021 · MLS #21681310 · Source: CRMLS

Listing Agent: Suminda Sellahewa · Listing Office: Avarnka Real Estate, Inc. · Contact: 310-621-1563 · Bought with: Robert Carey · Compass

$599,000

Sold September 2017 · on market July 2017 · MLS #17256472 · Source: CRMLS

Listing Agent: Soji Adesida · Listing Office: RE/MAX ESTATE PROPERTIES · Contact: 310-802-6000 · Bought with: Suminda Sellahewa · L and M Estates, Inc.

Explore Los Angeles