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Sold for $2,650,000 on 09/26/22
  • Listing Provided by: 

    Elizabeth Maddox DRE #01921425 818-859-7242,

    Myunits.com Inc.

    $2,650,000

    2821 Virginia Rd, Los Angeles, CA 90016

    --beds
    --baths
    5,304sqft
    Triplex
    Built in 2022
    -- sqft lot
    $2,598,200 Zestimate®
    $500/sqft
    $1,892 Estimated rent

    What's special

    2821 Virginia Rd is a brand new construction OPPORTUNITY ZONE triplex in prime West Adams minutes from Downtown Culver City and the Culver City Arts District! This is a rare opportunity to secure MAJOR tax benefits while owning a stunning 2022 triplex (MASSIVE freestanding SFR + duplex) with floorplans and finishes that are out of this world! Additionally, for only $60,000 extra ($2,750,00), the seller is willing to convert the downstairs floor and garage of the front unit into a 1 bed, 1 bath ADU, making for the cheapest fourplex in town. 2821 Virginia Rd currently consists of one 3-story 5 bed, 4.5 bath SFR and a duplex with two 3-story 4 bed, 4 bath townhomes that each have access to a spacious rear patio. We project a cap rate of gross monthly rent of $15,400 and a cap rate of 5.25%. The property boasts a 2-car garage for the front house and 4 partially covered spaces for the back units. If you enact the ADU option, the property’s unit mix will become: two 3-story 4 bed, 4 baths, one 4 bed, 3.5 bath (situated on floor 2 and 3 of the front building), and one 1 bed, 1 bath (situated on floor 1 + the garage of the back building). With an ADU, the property would benefit from 327 extra square feet of livable space. Plus, we project a 5.51% cap rate if you go this route! This impressive property boasts NO RENT CONTROL, separate meters for all utilities, well-designed open floorplans, a 2-car garage + 4 partially covered spots, gorgeous glass balconies, a large rear patio, high quality finishes, walk-in closets with built in shelving, laundry hookups in each unit, high-end modern kitchens, and large, stunning bathrooms. It will be delivered with a 1-year builder’s warranty. It is situated in red-hot West Adams minutes from several of the most ground-breaking mixed-use developments: Platform, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus development (Whole Foods).

    Zillow last checked: 7 hours ago

    Listing updated: September 28, 2022 at 10:10am

    Listing Provided by:

    Elizabeth Maddox DRE #01921425 818-859-7242,

    Myunits.com Inc.

    Bought with:

    Elizabeth Maddox, DRE #01921425

    Myunits.com Inc.

    Ian Maddox, DRE #02030205

    Myunits.com Inc.

    Source: CRMLS,MLS#: BB22179674MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Balcony, Open Floorplan
    • Flooring: Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 5,304
    • Total interior livable area: 5,304 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage, Carport
    • Garage spaces: 2
    • Carport spaces: 4
    • Covered spaces: 6
    Features
    • Levels: One,Three Or More
    • Stories: 1
    • Pool features: None
    • Spa features: None
    • Fencing: New Condition
    • Has view: Yes
    • View description: City Lights, Neighborhood
    Lot
    • Size: 5,232 sqft
    • Features: Front Yard, Landscaped, Street Level
    Details
    • Parcel number: 5050013011
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Materials
    • Roof: Flat
    Condition
    • Turnkey
    • New construction: Yes
    • Year built: 2022

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Street Lights, Sidewalks
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 15400

    Other

    Other facts
    • Listing terms: Submit
    • Road surface type: Paved
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $2,598,200

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $2,598,200