Property Detail

Description

NEW CONSTRUCTION SIX UNIT LUXURY TOWNHOME COMPLEX LOCATED BETWEEN SILVERLAKE AND VIRGIL VILLAGE We are pleased to present this Green Certified new construction six-unit luxury townhome complex. Certificate of occupancy is anticipated any day and ready for new ownership. With a strong projected 6% cap rate in one of LA’s hottest neighborhoods. This non-rent-controlled, turnkey investment features premium finishes, in-unit laundry, and separate utility meters. Located between Virgil Village and very popular Silverlake, with trendy dining destinations, coffee shops, bars and boutique shopping, it’s an ideal low-maintenance, high-return opportunity. Silver Lake is one of the hottest rental markets in the country, which is adjacent to Echo Park and Hollywood, has enjoyed much demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs, hip community and supporting services providing high-paying and stable jobs. This luxury complex is comprised of three structures, totaling six new construction townhomes, each with private laundry rooms and garage parking spaces. Each unit is equipped with separate meters for water, gas and solar power electricity, 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, Solar, appliances and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.