$2,980,000
Active
23 Days Online
0 Beds0 Baths3,580 SQFT
Active

2909 N Coolidge Avenue Los Angeles, CA 90039

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site23 Days
  • MLS StatusActive
  • MLS ID NumberP1-17796
  • Home Size Source N/A
  • Year Built2023
  • Lot Size0.12 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style See Remarks
  • Parking Driveway
  • Parking Spaces 5
  • Sewer Public Sewer
  • Number of Stories 22
  • Acreage 0.12
  • Water Public
  • Garage Spaces 0
  • Listing Conditions Standard

Interior Features

  • Cooling Central Air
  • Heating Central
  • Appliances Gas & Electric Range
  • Interior Open FloorplanQuartz CountersUnfurnishedRecessed Lighting
  • Fireplace Features None
  • Laundry Features Electric Dryer HookupGas & Electric Dryer HookupGas Dryer Hookup
  • Fireplace No

Exterior Features

  • View Mountain(s)Neighborhood
  • Fencing BlockWood
  • Spa No
  • Pool Features None
  • Spa Features None
  • Lot Sprinklers None
  • Road Frontage City Street

Community Features

  • Association Dues 0
  • Community Features BikingUrbanSidewalksStreet LightsParkFishingDog ParkCurbs
  • Senior Community No

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Monthly Payment (Est.)

$15,781
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