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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

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.
More about this property
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