For Sale
$4,495,000

3686 Fredonia DrLos Angeles, CA 90068

Four-unit building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional multifamily investment property, located at 3686 Fredonia Dr, Los Angeles, CA 90068, presents a compelling opportunity for discerning investors. The property boasts four units within a newly constructed (2024) building, offering a combined net rentable area of 5,853 square feet situated on a 7,281 square foot lot. Each unit features a thoughtfully designed floor plan and top-of-the-line finishes. The property's current NOI is $269,699, yielding a pro-forma cap rate of 6.00%. The asking price is $4,495,000, translating to $1,123,750 per unit and $767.98 per square foot. A tract map is currently in process, unlocking significant future potential. The property's strategic location in Los Angeles County offers strong rental demand and immediate profit potential. A future owner could potentially realize an additional $1,000,000 in profit by selling the townhomes individually. This turnkey investment presents a rare opportunity to acquire a high-performing asset with substantial upside potential in a prime Los Angeles location. The property is ready for immediate income generation.

Highlights

  • Brand new construction, completed in 2024.
  • Highly desirable floor plans.
  • Premium finishes throughout.
  • Tract map currently under development.
  • Significant immediate upside potential: $1,000,000+ projected profit from individual townhome sales.

Property Details for 3686 Fredonia Dr

Property type
Residential income homes, Apartment buildings
Units
4

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1332288
Longitude
-118.3616036
3686 Fredonia Dr, Los Angeles, California

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3686 Fredonia Dr
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