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2223 S Highland Ave
Los Angeles, CA 90016 Mid-City

$2,895,000 USD

Apartments For Sale  •  4,769 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,769 SF
  • Lot Size 0.12 AC
  • Building Class C
  • Year Built 2024
  • Cap Rate 5.85 %
  • Zoning LARD1.5
70 Transit Score
60 Walk Score

Highlights

NO RENT CONTROL!
FULLY RENTED at a real 5.85% cap rate. Cash cow!
Located in ultra trendy and highly sought after Mid-City, minutes from West Adams and Culver City- A major draw for A+ tenants!
One of the LOWEST priced luxury new construction fourplexes in the Mid-City/West Adams area. The best deal you will find!
Rooftop decks with amazing LA views!
All units separately metered. Tenants pay utilities, meaning minimal owner expenses.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $169,452 USD (2024)
Cap Rate: 5.85 %
Total Expenses: $42,516 USD

Amenities

  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Views
  • Deck
  • Double Pane Windows
  • Instant Hot Water
  • Island Kitchen

Public Transportation

Commuter RailDriveWalkDistance
14 min - 8.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 16 min - 8.5 mi
AirportDriveWalkDistance
Los Angeles International 18 min - 8.8 mi
Bob Hope 26 min - 13.1 mi
Long Beach (Daugherty Field) 35 min - 26.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Lauren Cearley 213-302-8662 Myunits.com Inc
Lauren Cearley 213-302-8662 Myunits.com Inc