2909 N Coolidge Avenue, Los Angeles, CA 90039
-
Listed Price :
$2,688,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
2024
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Flooring Information |
| Material |
Vinyl |
| Interior Information |
| Features |
Open Floorplan, Primary Suite |
Listing Information
| Address |
2909 N Coolidge Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90039 |
| County |
Los Angeles |
| Listing Agent |
Dennis Battung DRE #01525589 |
| Co-Listing Agent |
Michael De Perio DRE #01870969 |
| Courtesy Of |
Kirela Real Estate Co |
| List Price |
$2,688,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
5,210 |
| Year Built |
2024 |
Listing information courtesy of: Dennis Battung, Michael De Perio, Kirela Real Estate Co. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 22nd, 2024 at 11:30 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
