NEW CONSTRUCTION MID-CITY SIX UNIT TOWNHOME COMPLEX W/ PLANS PENDING APPROVAL FOR AN ADU. We are pleased to present this Green Certified and solar equipped new construction six-unit luxury townhome complex. Plans are in process pending approval for an ADU, that would bring the unit count to seven with a 6.0% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets and contract to build proposed ADU by a quick and cost-effective conversion of garage space. The property is located just minutes from the Arts District, 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. This property, located in the very hot market of Mid-City which is adjacent to Beverlywood and Culver City, has enjoyed much of the demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs and supporting services providing high-paying and stable jobs. This non-rent-controlled luxury complex is comprised of three duplexes, totaling six new construction townhomes, each with private laundry rooms and two parking spaces. Each unit is equipped with separate meters for water, gas 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, appliances and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property. Additionally, the property has solar systems owned outright (no lease) providing tenants or landlord with energy credits. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
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Listing Agent: Martin Fish
Listing Office: Citivest Realty Services, Inc
Attribution contact: 714-553-2001