4351 Victoria Park Pl - Apartments FOR SALE


Los Angeles, CA 90019- Arlington Heights
$2,850,000 USD
818-859-7242
4351 Victoria Park Pl, Los Angeles, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/49
null | 5.42% Cap Rate

4351 Victoria Park Pl
Los Angeles, CA 90019
Arlington Heights


HIGHLIGHTS

  • Step in to income on day 1! Current gross income of $204,000/year.
  • Delivered at a REAL 5.42% cap rate.
  • MEGA-SIZED 5 bedroom front house and two huge 4 bedroom units with premium floorplans.
  • Boasts high-end finishes that blend modern luxury with traditional design for a perfect product that fits the area.
  • Tenants pay all utilities! Minimal expenses.
  • The best curb appeal you'll find on a new construction property.

OVERVIEW

FULLY LEASED IN RECORD SPEED! The 2-4 Unit Specialists are pleased to present 4351 Victoria Park Place, a brand-new construction triplex located in the heart of the prestigious Victoria Park neighborhood. This property will be delivered fully leased at TOP MARKET RENTS at a real 5.42% cap rate. The front home is a sprawling 5-bedroom, 5.5-bathroom residence spanning nearly 3,000 square feet, designed with premium finishes, multiple balconies, and an expansive open floorplan that perfectly balances modern luxury with timeless charm that is currently rented at $7,400/mo. In addition to the main residence, the property includes two additional 4-bedroom, 4-bathroom townhomes, thoughtfully situated in a separate building to provide privacy for both owners and tenants. These units feature massive tenant-friendly layouts, private washers and dryers, top-of-the-line finishes, and a rear yard, that are both currently rented at $4,800/mo. At just $2,850,000, this property offers significantly more space, luxury, and earning potential than similarly priced older homes in the area, which often require extensive maintenance and lack the modern conveniences of new construction. Nestled on the iconic Victoria Park Place, a picturesque circular street lined with historic homes, this property blends seamlessly into its architecturally significant surroundings. The location provides the perfect combination of tranquility and convenience, with walking distance to the Midtown Shopping Center and easy access to Downtown Los Angeles, Culver City, and Koreatown. With a one-year builder’s warranty, minimal maintenance, tenant-paid utilities, a coveted location, and unmatched luxury, 4351 Victoria Park Place is a truly rare financial opportunity for investors.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$462 USD /SF

# OF UNITS

3

PRICE/UNIT

$950,000

CAP RATE

5.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased in Record Speed! REAL 5.42% CAP!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,305 SF

ZONING

LAR2

APN/PARCEL ID

5082-014-025

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.comMore Info
818-859-7242

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Elizabeth MaddoxMyunits.comMore Info
818-859-7242

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