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.
Property Details
Price:
$2,688,000
MLS #:
P1-20041
Status:
Active
Baths:
0
Address:
2909 N Coolidge Avenue
Type:
Residential Income
Neighborhood:
606atwater
City:
Los Angeles
Listed Date:
Sep 26, 2024
State:
CA
ZIP:
90039
Lot Size:
5,210 sqft / 0.12 acres (approx)
Year Built:
2024
Schools
Interior
Fireplace Features
None
Flooring
Vinyl
Interior Features
Open Floorplan
Exterior
Community Features
Biking, Urban, Sidewalks, Dog Park, Curbs
Electric
Standard
Garage Spaces
4.00
Parking Features
Assigned
Parking Spots
4.00
Pool Features
None
Sewer
Other
Spa Features
None
Stories Total
1
View
See Remarks
Water Source
Public
Financial
Association Fee
0.00
Utilities
See Remarks
Map
Contact Us
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Courtesy of Kirela Real Estate Co. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2909 N Coolidge Avenue
Los Angeles, CA
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