$14,950,000
NEW CONSTRUCTION

Estimated payment $91,319/month

Total Views 2,650
56 Beds
56 Baths
36,835 Sq Ft
$406 Price per Sq Ft

Highlights

  • New Construction
  • City View
  • Contemporary Architecture
  • John Marshall Senior High Rated A
  • 0.34 Acre Lot
  • Balcony

About This Home

This newly constructed 33-unit apartment complex presents a prime investment opportunity in East Hollywood's high-demand rental market. Designed with modern finishes and high-quality construction, the property requires no deferred maintenance, making it a true turn-key asset. With a desirable unit mix of 23 two-bedroom, two-bath units and 10 one-bedroom, one-bath units, the spacious floor plans cater to a diverse tenant base, from young professionals to small families. Additionally, the secure, gated entry and subterranean garage with 33 parking spaces including single and tandem spots, as well as three EV chargers provide convenience and peace of mind for today's car-reliant renters. Enhancing its appeal, the building features a rooftop deck with panoramic views of the Los Angeles skyline, offering tenants a relaxing space for leisure and entertainment. An on-site fitness center adds further convenience, allowing residents to maintain an active lifestyle without leaving home. As a brand-new development, this property eliminates the need for costly renovations and is well-positioned for strong rent potential, benefiting from East Hollywood's rising rental rates and increasing demand for contemporary living spaces.

Listing Agent

Sam Liberow

Marcus & Millichap License #01933858

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $96,432

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 50x150
  • West Facing Home

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 36,835 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Double Pane Windows
  • City Views

Kitchen

  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 56 Bedrooms
  • 56 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 33 Parking Spaces
  • Subterranean Parking
  • Electric Vehicle Home Charger
  • Tandem Parking

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Community Details

  • 33 Units
  • Vacancy Allowance $32,702
  • Card or Code Access

Listing and Financial Details

  • The owner pays for electricity, water, gardener
  • Assessor Parcel Number 5539-023-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$96,432

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 36835
  • Lot Acreage: 0.3446
  • Lot Dimensions: 50x150
  • Property Condition: New Construction
  • Stories: 4
  • Year Built: 2025
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 56
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 56.00
  • Equipment: Dryer, Dishwasher, Microwave, Refrigerator, Recirculated Exhaust Fan, Washer, Elevator
  • Price Per S Q F T: 405.86
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Balcony
  • Other Structures: None
  • Foundation Details: Slab
  • Roof: Flat
  • View: City
  • View: Yes

Garage/Parking

  • Covered Parking: 33
  • Parking Garage: Subterranean, Electric Vehicle Charging Station(s), Tandem
  • Total Parking: 33

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 66.84
  • Assessed Improvement Value: 5345000
  • Assessed Land Percent: 33.16
  • Assessed Land Value: 2652090
  • Total Assessed Value: 7997090
  • Assessor Parcel Number: 5539-023-032
  • Lot Size Area: 15009

Rental Info

  • Owner Pays: Electricity, Water, Gardener
  • Rent Control: No
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.71
  • Number Of Units: 33
  • Total Annual Expense: 359410
  • Type Of Units: Standard
  • Vacancy Allow: 32702
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 32702

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $96,432 $7,997,090 $2,652,090 $5,345,000
2023 $31,677 $2,600,086 $2,037,182 $562,904
2022 $30,195 $2,549,105 $1,997,238 $551,867
2021 $29,719 $2,499,124 $1,958,077 $541,047
2020 $14,107 $1,147,500 $918,000 $229,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 For Sale $14,950,000 0.0% $406 / Sq Ft
11/13/2024 11/13/24 Price Changed $2,795 +33.4% $3 / Sq Ft
07/24/2024 07/24/24 Price Changed $2,095 -8.7% $2 / Sq Ft
05/30/2024 05/30/24 Price Changed $2,295 -11.7% $2 / Sq Ft
05/25/2024 05/25/24 For Rent $2,600 0.0% --
09/19/2023 09/19/23 Price Changed $2,600 -5.3% $2 / Sq Ft
09/08/2023 09/08/23 Price Changed $2,745 -5.3% $3 / Sq Ft
08/30/2023 08/30/23 Price Changed $2,900 +3.6% $3 / Sq Ft
08/12/2023 08/12/23 Price Changed $2,800 -6.7% $3 / Sq Ft
08/07/2023 08/07/23 For Rent $3,000 0.0% --
07/12/2023 07/12/23 Price Changed $3,000 -6.3% $3 / Sq Ft
06/28/2023 06/28/23 Price Changed $3,200 +6.7% $3 / Sq Ft
06/21/2023 06/21/23 For Rent $3,000 0.0% --
05/27/2023 05/27/23 Price Changed $3,000 -3.2% $3 / Sq Ft
05/24/2023 05/24/23 Price Changed $3,100 -3.1% $3 / Sq Ft
05/22/2023 05/22/23 Price Changed $3,200 -5.9% $3 / Sq Ft
04/26/2023 04/26/23 Price Changed $3,400 -5.6% $3 / Sq Ft
04/04/2023 04/04/23 Price Changed $3,600 +5.9% $3 / Sq Ft
03/29/2023 03/29/23 Price Changed $3,400 -5.6% $3 / Sq Ft
03/21/2023 03/21/23 Price Changed $3,600 +28.8% $3 / Sq Ft
03/17/2023 03/17/23 For Rent $2,795 0.0% --
10/12/2018 10/12/18 Sold $2,425,000 +1.0% $1,746 / Sq Ft
07/09/2018 07/09/18 For Sale $2,400,000 +336.4% $1,728 / Sq Ft
12/18/2014 12/18/14 Sold $550,000 +0.4% $396 / Sq Ft
10/22/2014 10/22/14 Pending -- -- --
09/02/2014 09/02/14 For Sale $548,000 -- $395 / Sq Ft
Source: The MLS

Deed History

Date Type Sale Price Title Company
Trustee Deed $18,533,322 Fidelity National Title
Grant Deed $2,425,000 Lawyers Title
Grant Deed -- Fidelity National Title
Grant Deed $850,000 Fatcola
Interfamily Deed Transfer -- Accommodation
Grant Deed $560,000 Equity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $16,000,000 New Conventional
Previous Owner $198,880 New Conventional
Previous Owner $13,250,000 Commercial
Previous Owner $511,000 Commercial
Previous Owner $510,000 Commercial
Previous Owner $495,000 New Conventional
Source: Public Records

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Source: The MLS

MLS Number: 25504376

The MLS

APN: 5539-023-032