2210 Reservoir StLos Angeles, CA 90026

Property Details for 2210 Reservoir St

Year built

2024

Property size (Sq ft)

8,388 SF

Property type

Apartment buildings

Description

This exceptional new construction (2024) luxury townhome complex in Los Angeles' desirable Silver Lake neighborhood presents a compelling investment opportunity. The property consists of three buildings totaling four units, each featuring private laundry and garage parking. With a total of 8,388 square feet, including 7,024 net rentable square feet, the complex boasts a strong 5.26% cap rate and a current NOI of $205,282. The property is currently vacant, allowing for immediate income generation at market rates. Each unit is equipped with separate meters for water, gas, and solar-powered electricity, minimizing operating costs. The complex also features drought-tolerant landscaping and energy-efficient materials, reducing long-term maintenance expenses. Located near Sunset Junction, the property benefits from its proximity to popular restaurants, shops, and entertainment venues, as well as major tech and entertainment companies. The property is zoned RD2 and includes six parking spaces. Plans for a fifth ADU unit are included in the sale. This turnkey investment offers a rare combination of luxury, efficiency, and prime location in one of Los Angeles' hottest rental markets. The property's three stories and six parking spaces add to its appeal.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0801

Longitude

-118.265

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