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).
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
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#: BB22179674
Originating 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
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
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