We are proud to announce the premarket offering of a new construction luxury fourplex. This property is in the final stages of construction with an anticipated completion early April 2016.
This fourplex boasts two 3 bed 2 bath units, one 4 bed 2 bath and a 2 bed 2 bath unit. They are finished with high quality materials, private laundry rooms, and 5 separate meters. All units include stainless steel kitchen appliances providing the buyer with a turn-key cash flow property.
This property is ideally situated in the mix of all that makes Los Angeles such a strong rental market.
Affluent communities such as Larchmont Village, Koreatown, and Windsor Square all border this location, drawing qualified tenants from each neighborhood. 4461 Rosewood Avenue is sure to see healthy appreciation with the ongoing revitalization of the neighborhood, attractions, dining and shopping.
New Construction properties such as this are a rare find and when available lease at higher rates than competing older properties. The strong rent rates bring a 12.51 GRM and 6.2% Cap Rate to this property, outperforming the LA market in which new construction sales trade at 4.9% Cap Rates and 15.20 GRM.