354 Newland St - Apartments FOR SALE


Los Angeles, CA 90042
$4,195,000 USD
424-415-8256
354 Newland St, Los Angeles, CA for Sale
$4,195,000 USD
Apartments - FOR SALE
1/40
null | 5.25% Cap Rate

354 Newland St
Los Angeles, CA 90042


HIGHLIGHTS

  • A++ HIGHLAND PARK LOCATION
  • DELIVERED 100% LEASED AT A TRUE 5.02% CAP
  • LARGE ROOFTOP DECKS OVERLOOKING LOS ANGELES

OVERVIEW

Onward Capital as an exclusive broker is pleased to present a brand-new 5-unit complex (2 Duplex’s and large ADU) for sale. This 5-unit property features 3- detached buildings, all 3-story on grade with elevating rooftop views overlooking all of Los Angeles. The property includes (2) 4 bed, 5 bath units, (2) 3 bed, 3 bath units and one studio apartment.354 N Newland is a NON-RENT CONTOLLED and SPACIOUS 5-unit tri level townhome complex. Finishes in the unit are top of the line including high ceilings, walk in closets, designer kitchens, en-suite bathrooms and huge rooftop decks. A++ HIGHLAND PARK LOCATION DELIVERED 100% LEASED AT A TRUE 5.25% CAP 8 PARKING SPOTS (2) PER UNIT AND 1 GARAGE! LARGE ROOFTOP DECKS OVERLOOKING LOS ANGELES ALL UNITED SEPERATLEY METERED FOR GAS, ELECTRIC, AND WATER PERFECT OWNER OCCUPIED OPPORTUNITY!

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$514 USD /SF

# OF UNITS

5

PRICE/UNIT

$839,000

CAP RATE

5.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Newland

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,646 SF

ZONING

LARD1.5

APN/PARCEL ID

5493-005-027

ASK ABOUT THIS PROPERTY

Serena ShlomofOnward Capital LLCMore Info
424-415-8256

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Serena ShlomofOnward Capital LLCMore Info
424-415-8256

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