The Brody Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 2439 Federal Avenue, a fully-stabilized 2017 built set of three luxury 3-story "Organic Modern" townhome apartments in a Prime West Los Angeles location.
2439, 2441 & 2443 Federal is a 2017 built trio of luxury 3-story townhome units. The three unit building totals 5,935 gross square feet and sits on a 5,400 SF lot zoned RD 1.5.
This fully occupied asset brings in nearly $181,000 in gross annual income, with very little expense to ownership.
Priced at $480 per foot, this newer construction asset is an excellent high-producing income stream for any investor looking for a safe, stable place to invest.
2439 Federal is the front detached three-story unit, boasting 4 bedrooms and 3 bathrooms, totaling over 2,300 square feet, complete with a private side-by-side two car garage, a private front yard, 2 front balconies with views of West LA, Century City and Downtown, washer/dryer in unit, and so much more. This unit is currently rented for $5,300 per month.
2441 & 2443 Federal are side-by-side three story attached townhome units, both featuring 3 bedrooms and 3 bathrooms totaling over 1,800 square feet. Each three-story townhome is complete with a 2-car tandem garage, private back yards, central A/C and heat, in unit washer/dryer, high ceilings, hardwood floors, custom cabinetry in kitchens and bathrooms, recessed lighting and are separately metered for gas and electric, and each have their own water heater. 2441 Federal is currently rented for $4,785 per month and 2443 Federal is rented for $4,991 per month.
Total monthly rent collected totals $15,076, which equates to $180,912 in annual gross income. Expenses are extremely low, as all tenants pay all their own utilities.
2445 Federal is a three unit three story luxury multi-family property located directly next door to 2443 Federal that is currently under construction – slated for November completion. Building will mirror 2443 Federal, but with an additional bedroom in the front detached unit and large wrap around rooftop decks with panoramic views of the Westside.
2439 Federal offers an annual gross income of over $180,000, which equates to 15.7 GRM and a 4.3% Cap Rate.
2439 Federal offers a savvy investor the opportunity to acquire a collection of new and newly remodeled units in a Prime West L.A. location. These units have a strong rental history and there is high demand for these type of highly amenitized units. Significant upside upon re-leasing these well-constructed and well maintained assets due to the level and quality of finishes and amenities, and the location is highly desirable with close proximity to Century City, Culver City and a few minute walk to the Expo Bundy station.
- Prime West L.A. Location
- 10 Minute Walk to Expo Bundy Metro Station
- Washer/Dryer In Unit
- Central A/C and Heat
- Hardwood Floors
- Stainless Steel Appliances
- Separately Metered for Gas and Electric
- Individual Water Heaters
- Spacious Two and Three Story Units
- Units Have Private Yard
- High Ceilings
- Large Kitchen
- Quiet and Private
- Private 2-Car Garages
- Stable In-Place Income
- Private Yards for Each Unit
- Quartz Countertops
- Recessed Lighting
- Modern Organic Construction
- Beautifully Designed By Prominent L.A. Architect
- Offers Over $15k per Month in Income and Over $180k in Total Annual Income