
Los Angeles, California 90033
This brand-new 2024 construction is a High-Potential Investment Opportunity, listed at $2,799,000—positioned above the $2,428,665 Fair Market Value. While priced at a premium, this 5-unit multi-family asset offers a Mint Condition Rating with zero immediate maintenance. Featuring a 3-story layout with 5-bedroom, 5-bathroom units, the property is optimized for high-density student housing near Cal State LA. Its strategic transit-oriented location ensures consistent demand. This is a sophisticated acquisition ideal for Buy-and-Hold Investors or Institutional Landlords seeking a turnkey, high-yield income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1525 Ricardo Subject 0 bd · 0 ba · 8,654 sqft · $281 | $2,799,000* List Price | 0 | 0 | 8,654 | $281 | - |
A 2437 Malabar Street Sold 0 bd · 0 ba · 6,000 sqft · $354 · 0.8 mi | $2,125,000 | 0 | 0 | 6,000 | $354 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand new 2024 construction in mint condition. It features modern fixtures, sleek finishes, recessed lighting, and new HVAC systems, requiring zero maintenance.
Built in 2024, this 5-unit multi-family property offers modern architecture and sleek finishes, significantly reducing immediate capital expenditure and maintenance costs for investors.
The rare configuration of five 5-bedroom, 5-bathroom units maximizes rental yield, making it an ideal asset for high-density student housing or co-living models near Cal State LA.
Located steps from the Cal State LA Station and major bus lines, the property is perfectly positioned to attract commuters and students, ensuring consistent tenant demand.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6264, other record living area = 2147.
With 25 total bedrooms across 5 units, the high density of occupants will likely require more rigorous property management and result in higher wear and tear compared to traditional multi-family assets.
The substantial building footprint relative to the 7,502 sqft lot size leaves very little room for private or communal outdoor amenities, which may be a drawback for some long-term tenants.
Welcome to your dream living space, an impeccably designed 3 story, 2 duplex and ADU(5 units) with 5-bedroom, 5-bathroom each unit residence newly constructed and thoughtfully designed for optimal comfort and style. Every corner of this home has been crafted with precision and care, ensuring that each room is not only lavish but also functional. This multi-family marvel is poised perfectly in a bustling, vibrant neighborhood of Los Angeles. Just steps away, you'll discover the convenience of easy transit access at the nearby Cal State, LA Station and Alcazar Street & Ricardo Street bus stop. Shopping needs? Northgate Market is just a hop, skip, and a jump away - because no one should have to travel far for groceries! For the fitness and nature enthusiasts, Lincoln Park offers a sublime escape with its lush green spaces—a mere stone's throw from your new home. Meanwhile, scholars of any age will appreciate the proximity to Bravo Medical Magnet School, ensuring education is just around the corner. Each bedroom promises ample space and privacy, with the primary bedroom serving as a retreat, featuring possibly the most comfortable enclave you've ever stepped foot in after a long day. And let’s not forget the bathrooms—each one a tableau of modern fixtures and sleek finishes, making your daily routines anything but routine. This home offers not just a place to rest your head, but a space where life happens, memories are made, and laughter echoes through the hallways. Isn't it time to start your next chapter here? Your new home is awaiting .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 8,654 | 2,090.331 |
| Lot Size | 7,502 | 5,852.908 |
| Price | $2.80M | $830.9K |
| Price per sq ft | $323 | $394 |
| Built year | 2024 | 1928 |
| HOA | $0 | $0 |
| Days on market | 26 | 87 |
Oct 14, 2026
$2,799,000
Initial Listing
Mar 21, 2023
$1,100,000
Public Record
Nov 22, 2006
$475,000
Public Record