2150 West View St Los Angeles, CA 90016

Property Details for 2150 West View St

Year built

2020

Property size

5,985 SF

Property type

Apartment buildings

Description

This exceptional 2020-built multifamily property in Los Angeles, CA (90016), offers a compelling investment opportunity. Comprising three units – a 5-bedroom, 5-bathroom single-family residence (approximately 2,439 square feet) and two 5-bedroom, 5-bathroom townhome-style units (approximately 1,819 and 1,727 square feet respectively) – this property boasts a total of 5,985 square feet of net rentable space on a 5,998 square foot lot. The building features high-end finishes including stainless steel appliances, European kitchen cabinets, 10-11 foot ceilings, walk-in showers, and top-notch windows. Additional amenities include balconies with stunning views, built-in storage, 100% waterproof flooring, spacious open floor plans, and pre-wired cable and internet in every room. Security features are also noteworthy, encompassing a 2-camera HD security system with a TV monitor and a motorized security driveway gate. Seven parking spaces are available (four garage spaces and three exterior spaces). Individual meters for gas, water, and electricity are provided. The property is located just five minutes from Culver City, offering convenient access to numerous local amenities. The asking price is $3,185,000, representing a price per square foot of $532.16 and a price per unit of $1,061,666.67. The property boasts a 5.8% cap rate and a pro-forma cap rate of 5.85%, with a pro-forma NOI of $186,232. The property is currently vacant, offering flexibility for the buyer. This is a fee-simple ownership opportunity, suitable for a 1031 exchange. The property is zoned for multifamily use.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.346

Latitude

34.0362