2909 N Coolidge Avenue, Los Angeles, CA 90039
- $2,980,000
- List Price
- $2,980,000
- Price Change
- ▲ $80,000 1700263007
- Status
- ACTIVE
- MLS#
- P1-15784
- Year Built
- 2023
- Lot Size
- 5,187
- Acres
- 0.12
- Lot Location
- Front Yard, Landscaped, NearPark, Near Public Transit, Rectangular Lot
- Days on Market
- 18
- Property Type
- Multifamily
- Style
- Spanish
- Stories
- Two Levels
- Neighborhood
- Not Applicable
Property Description
Welcome to the Coolidge Complex, a truly magnificent Spanish Modern located in DCLA's favorite pocket of Los Angeles, Frogtown. This rare and fully vacant new construction complex offers 4 Vacant units with the ability collect today's market rent in one of the highest rent producing pockets in the Country without compromising quality, design, space, or workmanship.Having developed close to two dozen projects in this part of town alone, DCLA understands its resident's needs within these spaces and designs each Rental Income property to be the most desirable among the area, and The Coolidge Complex screams just this.This complex intelligently allows for a mix of owners as this brand new, low maintenance stunner is the perfect hands off income property for owners who enjoy recurring income without recurring headaches. All the more, it also allows for an owner to live, rent-free, in one unit while the remaining residents pay their mortgage off for them. Either way, any owner will enjoy monthly cashflow, mortgage pay down through rental income, tax benefits, equity increases, and most of all, the ability to start with market rate rents due to its full vacancy! 4 unit properties in Los Angeles typically never come FULLY Vacant!Each unit features two ample sized rooms with two fully equipped bathrooms for multiple tenant combinations and is designed to service its occupant independently while offering designated outdoor spaces for each unit in the form of rooftop decks to check off every box each person may have.Studying multitudes of data confirms the conclusion that this product offers one of the few areas within the Real Estate market that remains underserved as there is a severe lack of good housing in Los Angeles a rents in the City continue to rise for market rate units only while others level off.Set to be complete end of December 2023, the Duplex is ready to go sands finishing touches on the exterior to give it that DCLA panache while the rear structure is fully underway and set to be completed before the end of the year.Allow Us To Reintroduce This Home!
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Additional Information
- Appliances
- Dishwasher, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air, Attic Fan
- View
- City Lights, Mountain(s), Neighborhood
- Exterior Construction
- Drywall, Frame, Stucco
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Open Floorplan, QuartzCounters, Recessed Lighting, Storage, BedroomonMainLevel, PrimarySuite, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $199,200
- Operating Expense
- 38486
Listing courtesy of Listing Agent: Dennis Battung (mrdns13@gmail.com) from Listing Office: Douglas Elliman of California, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.