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    2231 S Longwood Ave Los Angeles, CA 90016

    For Sale
    $3,550,000

    New construction multifamily property featuring three units and one ADU.

    Lot size:
    0.18 Acres

    Property Features for 2231 S Longwood Ave

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    2024

    Source: Olsen Realty Agent Douglas Olsen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Multifamily Property with ADU

    This newly constructed property, completed in 2024, presents an opportunity for both primary residence and investment. The property comprises three units in addition to one accessory dwelling unit (ADU). Each unit includes five bedrooms, five and a half bathrooms, and a two-car garage. Each unit provides approximately 2,000 sq ft of living space. The units are currently occupied by long-term tenants, each paying $6,000 per month, with provisions for an annual rent increase of 3.5% and a personal guarantee. The property features smooth walls, contemporary flooring and design, modern kitchens and countertops, and an open view from the upper level. Situated on a corner lot, the property benefits from ample parking space outside the property line, with each unit also having its own two-car garage.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.34742
    Latitude
    34.03629

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    FAQs

    What type of property is this?
    Quadplex - New construction multifamily property featuring three units and one ADU.
    Where is this quadplex located?
    The property is located at 2231 S Longwood Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,550,000.
    What are key features of this property?
    This property features: - Brand new construction (2024) with 3 units plus 1 ADU, offering immediate rental income potential.; - Each unit features **5 bedrooms and 5 1/2 bathrooms**, providing ample space and luxury.; - Each unit is occupied by long-term tenants paying $6,000 per month, with a 3.5% annual rent increase and personal guarantee.
    (949) 735-7094
    Request Owner's contact information
    2231 S Longwood Ave Los Angeles, CA 90016
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    Los Angeles, CA 90016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2231 S Longwood Ave Los Angeles, CA 90016
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