2909 N Coolidge AVE, Los Angeles, CA 90039 – P1-20041

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$2,688,000

Est. payment - /mo

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5,209 Sqft Lot

New

2909 N Coolidge AVE Los Angeles, CA 90039

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Joshua Shorter

soldbyshorter@gmail.com +1(702) 728-0089

UPDATED:

11/22/2024 11:30 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-20041

HOA Y/N No

Year Built 2024

Lot Size 5,209 Sqft

Property Description

Introducing The Coolidge Compound, an exquisite and newly constructed Spanish Modern masterpiece nestled in the vibrant neighborhood of Frogtown. Brand new and yet to be lived in as a whole, this exceptional property boasts a rare and unique offering of four vacant units, each meticulously designed to cater to the discerning tastes of the market.This brand new property has been intelligently designed to accommodate a mix of owners, making it the ideal low-maintenance investment property for those seeking hassle-free recurring income. Owners have the option to live rent-free in one unit while the rental income from the remaining units covers the mortgage, providing a steady cash flow, equity growth, and valuable tax benefits. Keeping this in mind, the property boasts fully paid for solar panels adding even more value and desirability to the property. The fact that all four units are fully vacant is a rare find in Los Angeles, allowing for immediate market rate rents at close to $200,000 annually.What sets this compound apart is its ability to command top market rents in one of the most sought-after rental markets in the country, all while maintaining a standard of quality, design, and craftsmanship that is unparalleled. Equipped with a deep understanding of the needs of residents in this area specifically, each unit is tailored to be the epitome of desirability and offers many added features including Solar panels to limit the resident's utility bill thereby making this property all the more desirable and cost effective.Each unit within the Coolidge Compound features two spacious bedrooms and two well-appointed bathrooms, catering to a variety of tenant configurations. The design of the units ensures that each resident enjoys a private and independent living experience, with the added luxury of huge outdoor spaces in the form of rooftop decks for relaxation, privacy and entertainment.Extensive data analysis confirms that this property addresses a crucial gap in the real estate market, offering high-quality housing in an area where demand far exceeds supply. A truly win-win situation in that this compound offers a multitude of benefits to its owner while speaking to the taste and quality of living of its residents, there is no other property in Los Angeles that compares or offers a better return on investment.

Location

State CA

County Los Angeles

Area 606 - Atwater

Interior

Interior Features Open Floorplan, Primary Suite

Flooring Vinyl

Fireplaces Type None

Fireplace No

Exterior

Parking Features Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Curbs, Dog Park, Sidewalks, Urban

Utilities Available See Remarks

View Y/N Yes

Total Parking Spaces 4

Private Pool No

Building

Story 1

Entry Level Multi/Split

Sewer Other

Water Public

Architectural Style See Remarks

Level or Stories Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 5442023026

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Dennis Battung • Kirela Real Estate Co • mrdns13@gmail.com

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

Joshua Shorter

2909 N Coolidge AVE Los Angeles, CA 90039

Joshua Shorter

Key Details

Location

Interior

Exterior

Building

Others

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2909 N Coolidge AVE