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This is an amazing investment opportunity in a Newly Constructed FOURPLEX with NO RENT CONTROL. Located in a prime location in Studio City, this beautiful, extremely low-to-maintain FOUR-PLEX is comprised of FOUR TOWNHOMES with 4 separate meters for gas, water & electricity. RENT for all the 4 units is $24,000 per month ($12,000 Actual for 2 units and $12,000 Estimated for remaining 2 units). Estimated CAP RATE is 6.5%. Extremely LOW OPERATING COSTS (due to everything being new and energy efficient). In addition to monthly AIRBNB INCOME ranging from $3,000 to $5,000. PROPERTY is also fully AIRBNB equipped and ACTIVELY BOOKING. All 16 ROOMS have smart locks and come FULLY FURNISHED with flat screen TVs & Mini Fridges. All 4 KITCHENS come FULLY LOADED with sleek modern kitchen with stainless steel appliances (2 door modern refrigerator, dishwasher, microwave, oven, stove) and quartz countertops. ALL 16 BATHROOMS are HIGH END finished coming with elegant vanity cabinets and attached blow hair dryers. Each unit has its own separate private entrance alongside its own washer and dryer. Lot has 5 assigned private parking spaces inside, EV Car Charge and 2 car garages. The buildings have a gate for privacy and security. Lot also comes with security system and security cameras. Each townhome is 3 levels, on the FIRST LEVEL is a small reception area with a Bedroom & Full Bathroom which is ideal for guests, parents or in-laws. The SECOND LEVEL includes a fully loaded open concept kitchen with high-quality finishes, balconies, natural light with windows, and inviting open floorplan with another Bedroom & Full Bathroom. The THIRD LEVEL has 2 Master Bedrooms with 2 Master Bathrooms. Come enjoy this A+ location close to the new Shops at Sportman Lodge that features stores, shops, and restaurants including Erewhon, Equinox, Moorpark Tujunga Village shops, the Aroma Cafe, Vitellos Italian, Caioti, Gelato Bar. The location is in close proximity to Sherman Oaks, Hollywood, Universal Studios, local restaurants, parks, and many entertainment places on Ventura Blvd and is perfectly located near freeways like the 101, 170, and 134. Just minutes away from Universal Studios, CBS Studios, Ventura Blvd and the highly desirable Colfax Charter elementary school.
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Listing Agent: James Abdelmalek
Listing Office: Keller Williams Palos Verdes
Attribution contact: 310-544-6100