4351 Victoria Park Place, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

4351 Victoria Park Place, Los Angeles, California 90019 home-pic-0
ACTIVE$2,850,000
4351 Victoria Park Place, Los Angeles, California 90019
0Bed
0Bath
6,174Sqft
7,305Lot
Year Built
2024
Close
-
List price
$2.85M
Original List price
$2.85M
Price/Sqft
$462
HOA
-
Days on market
-
Sold On
-
MLS number
BB25056979
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood
Deck
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.85M(92th), sqft - 6174(77th), beds - undefined(50th), baths - undefined(50th).

FULLY LEASED IN RECORD SPEED! 4351 Victoria Park Place is a brand-new construction triplex located in the heart of the prestigious Victoria Park neighborhood. This property will be delivered with TOP MARKET RENTS at a real 5.42% cap rate. The front home is a sprawling 5-bedroom, 5.5-bathroom residence spanning nearly 3,000 square feet, designed with premium finishes, multiple balconies, and an expansive open floorplan that perfectly balances modern luxury with timeless charm that is currently rented at $7,400/mo. In addition to the main residence, the property includes two additional 4-bedroom, 4-bathroom townhomes, thoughtfully situated in a separate building to provide privacy for both owners and tenants. These units feature massive tenant-friendly layouts, private washers and dryers, top-of-the-line finishes, and a rear yard, that are both currently rented at $4,800/mo. At just $2,850,000, this property offers significantly more space, luxury, and earning potential than similarly priced older homes in the area, which often require extensive maintenance and lack the modern conveniences of new construction. Nestled on the iconic Victoria Park Place, a picturesque circular street lined with historic homes, this property blends seamlessly into its architecturally significant surroundings. The location provides the perfect combination of tranquility and convenience, with walking distance to the Midtown Shopping Center and easy access to Downtown Los Angeles, Culver City, and Koreatown. With a one-year builder’s warranty, minimal maintenance, tenant-paid utilities, a coveted location, and unmatched luxury, 4351 Victoria Park Place is a truly rare financial opportunity for investors.

Price History

Date
Event
Price
06/22/17
Sold
$519,500
Condition Rating
Excellent

This property is a brand-new construction, built in 2024, which immediately places it in the highest quality category. The listing explicitly states 'premium finishes' and 'top-of-the-line finishes.' The provided images confirm this, showcasing modern, high-quality bathrooms with new vanities, contemporary fixtures, and stylish tiling. The living areas feature new flooring and recessed lighting, reflecting a fully updated and current aesthetic throughout. All components are new, meet current quality standards, and there is no deferred maintenance.
Pros & Cons

Pros

Exceptional Investment Opportunity: The property is fully leased at top market rents, boasting a strong 5.42% cap rate, indicating immediate and robust income generation for investors.
Brand New Construction & Modern Luxury: Built in 2024, the triplex features premium and top-of-the-line finishes throughout, offering modern conveniences and significantly reduced maintenance needs, backed by a one-year builder's warranty.
Prime & Desirable Location: Nestled in the prestigious Victoria Park neighborhood on an iconic circular street, the property offers a blend of tranquility and convenience, with walking distance to Midtown Shopping Center and easy access to Downtown LA, Culver City, and Koreatown.
Spacious & High-Quality Units: The property comprises a sprawling 5-bedroom, 5.5-bathroom main residence (nearly 3,000 sqft) and two 4-bedroom, 4-bathroom townhomes, all featuring expansive, tenant-friendly layouts and high-end amenities like private washers and dryers.
Reduced Owner Burden: With tenant-paid utilities and minimal maintenance requirements due to its new construction, the property offers a streamlined ownership experience, maximizing net operating income.

Cons

High Initial Investment: The list price of $2,850,000 represents a substantial capital outlay, which may limit the pool of potential buyers to those with significant financial resources.
Ongoing Management Demands: As a triplex, the property requires active management of three separate tenancies, including lease administration, maintenance coordination, and potential vacancy management, which can be time-consuming or incur property management fees.
Market Sensitivity: While currently achieving top market rents, the investment's long-term performance is sensitive to future shifts in the local rental market, economic conditions, and interest rates, which could impact occupancy or rental rates.

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