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    3686 Fredonia Dr Los Angeles, CA 90068

    Sponsored
    For Sale
    $4,495,000

    Four-unit building, high ROI potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional multifamily investment property, located at 3686 Fredonia Dr, Los Angeles, CA 90068, presents a compelling opportunity for discerning investors. The property boasts four units within a newly constructed (2024) building, offering a combined net rentable area of 5,853 square feet situated on a 7,281 square foot lot. Each unit features a thoughtfully designed floor plan and top-of-the-line finishes. The property's current NOI is $269,699, yielding a pro-forma cap rate of 6.00%. The asking price is $4,495,000, translating to $1,123,750 per unit and $767.98 per square foot. A tract map is currently in process, unlocking significant future potential. The property's strategic location in Los Angeles County offers strong rental demand and immediate profit potential. A future owner could potentially realize an additional $1,000,000 in profit by selling the townhomes individually. This turnkey investment presents a rare opportunity to acquire a high-performing asset with substantial upside potential in a prime Los Angeles location. The property is ready for immediate income generation.

    Property Features for 3686 Fredonia Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    4

    HighLights

    • Brand new construction, completed in 2024.
    • Highly desirable floor plans.
    • Premium finishes throughout.
    • Tract map currently under development.
    • Significant immediate upside potential: $1,000,000+ projected profit from individual townhome sales.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -118.3616036
    Latitude
    34.1332288

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit building, high ROI potential.
    Where is this multifamily property located?
    The property is located at 3686 Fredonia Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $4,495,000.
    What are key features of this property?
    This property features: Brand new construction, completed in 2024.; Highly desirable floor plans.; Premium finishes throughout.
    Request Owner's contact information
    3686 Fredonia Dr Los Angeles, CA 90068
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    Los Angeles, CA 90068
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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
    3686 Fredonia Dr Los Angeles, CA 90068
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