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.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 56
- Full Bathrooms: 56
Appliances
- Laundry Facilities: In Unit
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Central
- Heating Features: Central
- Water Heaters: Central Water Heater
Interior Features
- Window Features: Double Pane Windows
Garage and Parking
- Covered Spaces: 33
- Garage Description: Subterranean, Electric Vehicle Charging Station(s), Tandem
- Parking Total: 33
Land Info
- Lot Size Acres: 0.3445592
- Lot Size Dimensions: 50x150
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 15009
Home Features
- View: City
- Other Equipment: Dryer, Dishwasher, Microwave, Refrigerator, Recirculated Exhaust Fan, Washer, Elevator
- Security Features: Card/Code Access
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 33
- Unit Type: Standard
- Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 26000, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 72450
Rental Info
- Tenant Pays: Gas, Electric
- Vacancy Allowance: 32702
Other Property Info
- Balcony
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 4.8
- Directions: Near cross streets Melrose Ave & N Juanita Ave.
- Source Property Type: Residential Income
- Area: Silver Lake - Echo Park
- Source Neighborhood: Silver Lake - Echo Park
- Owner Pays: Electricity, Water, Gardener
- Parcel Number: 5539-023-032
- Zoning: R3-1
- Source System Name: C2C
Commercial Info
- Net Operating Income: 717611
Building and Construction
- Total Square Feet Living: 36835
- Year Built: 2025
- Building Exterior Type: Stucco
- Direction Faces: West
- Entry Location: Ground Level - no steps
- Foundation Details: Concrete Slab
- Levels: Multi Levels
- Living Area Source: Builder
- New Construction: Yes
- Property Condition: New Construction
- Roof: Flat
- Levels or Stories: 4
- House Style: Contemporary
- Year Built Source: Builder