1638 S Longwood Ave - Apartments FOR SALE


Los Angeles, CA 90019
$3,399,000 USD
213-302-8662
1638 S Longwood Ave, Los Angeles, CA for Sale
$3,399,000 USD
Apartments - FOR SALE
1/40
null | 5.63% Cap Rate

1638 S Longwood Ave
Los Angeles, CA 90019


HIGHLIGHTS

  • Outstanding projected cap rate of 5.63%! Cash cow.
  • MASSIVE units (7,450 livable square feet) with premium floorplans.
  • Walking distance to countless restaurants & convinces in the Midtown Crossing Shopping Center (Planet Fitness, Starbucks, Chipotle, & more).
  • Multi-dimensional, architecturally impressive exterior. The best curb appeal you'll find on a new construction fourplex!
  • Boasts ultra-high-end finishes and top-tier construction. This is not your typical fourplex!
  • Massive balconies with awe-inspiring views of Los Angeles.

OVERVIEW

The 2-4 Unit Specialists are pleased to present 1638 S Longwood, a massive, highly walkable brand new construction fourplex in prime Mid-City! This elevated "double duplex" is located on a corner lot walking distance to the countless restaurants and conveniences in the Midtown Crossing Shopping Center (Planet Fitness, Starbucks, Chipotle, Five Guys, Wingstop, Yogurtland & more). With massive balconies, outstanding curb appeal, an unbeatable unit mix of three 4 beds and one 3 bed, and modern finishes, we project an outstanding 5.63% cap rate. In addition to the high return and NO RENT CONTROL, it's also important to note that the property boasts separate meters for all utilities, minimal expenses, and a 1-year builder’s warranty! 1638 S Longwood is situated 3 minutes from the convenient Midtown Shopping Center (Target, Sprouts, Michaels, & more) and 3 miles from Culver City and the countless local hotspots and conveniences in the area, including the trendy Helms Bakery District! This neighborhood has rapidly transformed into the hottest rental market in Los Angeles, with several of the most exciting mixed-use developments a short drive from this property: the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), Platform, and the Cumulus District (Whole Foods). Thanks to the huge supply of entertainment, tech and creative jobs in Mid-City, 1638 Longwood will attract high quality professional tenants. Cap rates haven’t been this high for several years- now is your time to lock up unheard of good deals! There is no safer investment than Los Angeles new construction multi-family.

FOR SALE DETAILS

PRICE

$3,399,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

4

PRICE/UNIT

$849,750

CAP RATE

5.63%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Mid-City Fourplex | 5.63% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,592 SF

ZONING

LARD1.5

APN/PARCEL ID

5067-007-039

ASK ABOUT THIS PROPERTY

Lauren CearleyMyunits.comMore Info
213-302-8662

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Lauren CearleyMyunits.comMore Info
213-302-8662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.