UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,833 sqft
Price per Sqft $345
MLS Listing ID OC-26138680
Year Built 2022
Lot Size 5,743 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional investment opportunity in Green Meadows, in Los Angeles. This new 2022 construction triplex is fully leased, non-rent controlled, and generating strong income from day one, making it an ideal acquisition for portfolio investors and 1031 exchange buyers alike. The property features 2 spacious 5-bed/3.5-bath units and 1, 3-bed/2.5-bath unit totaling 4833 sq ft of modern new construction. All 3 units are currently occupied with quality tenants, delivering a stabilized 6.72% cap rate with zero lease-up risk and no deferred maintenance. Updated systems and contemporary finishes throughout ensure long-term durability and tenant appeal. For 1031 exchange investors, this property checks every box, turnkey, fully occupied, and ready to close. New construction maximizes your depreciable basis, sheltering exchanged gains while providing a long runway of appreciation ahead. As a non-rent-controlled asset, owners retain full flexibility on future rental increases, a significant advantage in today's increasingly regulated LA rental market. Ideally located with a Walk Score of 76 and strong transit access, including Firestone Station just minutes away and LAX only 18 minutes out. Close proximity to major employment corridors, shopping, parks, and schools drives consistent tenant demand and low vacancy. Whether you're completing a 1031 exchange or looking for a fresh capital, or expanding your portfolio, this is the turnkey, cash-flowing, new construction asset serious investors don't pass up.
Location
State CA
County Los Angeles
Area Metropolitan South
Interior
Interior Features Granite Counters, Recessed Lighting
Heating Central
Flooring Tile
Fireplaces Type None
Laundry Gas Dryer Hookup, Inside, Washer Hookup
Exterior
Parking Features Assigned
Garage Spaces 2.0
Pool None
Community Features Sidewalks, Street Lights
Utilities Available Sewer Connected, Water Available, Water Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
View Y/N Yes
Building
Lot Description Front Yard, Level with Street, Near Public Transit
Sewer Public Sewer
Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900