2223 S Highland Avenue, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2223 S Highland Avenue, Los Angeles, California 90016 home-pic-0
ACTIVE$2,895,000
2223 S Highland Avenue, Los Angeles, California 90016
0Bed
0Bath
6,641Sqft
5,013Lot
Year Built
2024
Close
-
List price
$2.9M
Original List price
$2.9M
Price/Sqft
$436
HOA
-
Days on market
-
Sold On
-
MLS number
BB25147864
Home ConditionExcellent
Features
Deck
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.90M(71th), sqft - 6641(86th), beds - undefined(50th), baths - undefined(50th).

Introducing 2223 S Highland Ave, a newly built, fully leased, modern fourplex in the heart of Mid-City, one of Los Angeles’ most dynamic and rapidly evolving neighborhoods. Completed in 2024, this thoughtfully designed property offers four spacious units, each featuring four bedrooms and 3.5 to 4.5 bathrooms—a highly desirable layout for today’s renters. Designed with modern living in mind, each unit showcases open-concept floor plans, abundant natural light, and contemporary finishes. The sleek kitchens are equipped with quartz countertops, custom cabinetry, and stainless steel appliances, seamlessly flowing into inviting living and dining areas. Additional features include in-unit laundry, private balconies, and ample storage, ensuring maximum comfort and convenience for tenants. The property is separately metered for gas, electricity, and water, reducing expenses and increasing efficiency for investors. Located in Mid-City, one of LA’s most sought-after neighborhoods, this property is perfectly positioned between Culver City, West Adams, and Downtown LA—areas known for their booming job markets, cultural hotspots, and vibrant culinary scenes. Just minutes from some of the city's most beloved dining and cultural hotspots, residents can enjoy coffee at Highly Likely, indulge in Italian cuisine at Cento, savor coastal Mexican flavors at Chulita, and explore the contemporary art exhibitions at Thinkspace Gallery. With trendy restaurants, boutique cafes, and creative spaces just around the corner, this location provides an exciting urban lifestyle with excellent rental demand. With its prime location, strong rental market, and low-maintenance new construction, 2223 S Highland Ave presents an exceptional opportunity for investors seeking

Price History

Date
Event
Price
06/15/23
Sold
$850,000
Condition Rating
Excellent

This property was newly built in 2024, making it brand new. The images and description confirm modern, high-quality finishes throughout, including sleek kitchens with quartz countertops, custom cabinetry, and stainless steel appliances. The bathrooms feature contemporary vanities, new fixtures, and stylish tiling. All components are new, meeting current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' criteria.
Pros & Cons

Pros

New Construction & Modern Amenities: Built in 2024 with contemporary finishes, quartz countertops, stainless steel appliances, and open-concept floor plans, ensuring low maintenance and high tenant appeal.
Turnkey Investment Opportunity: Fully leased fourplex with separate metering for utilities (gas, electricity, water), offering immediate income generation and efficient management for investors.
Highly Desirable Unit Configuration: Each of the four units features 4 bedrooms and 3.5 to 4.5 bathrooms, catering to a strong demand for spacious, multi-bedroom rental units in the market.
Strategic Mid-City Location: Situated in a dynamic and rapidly evolving neighborhood, centrally located between major job markets and cultural hubs like Culver City, West Adams, and Downtown LA, ensuring robust rental demand.
Tenant-Focused Conveniences: Includes in-unit laundry, private balconies, and ample storage in each unit, enhancing tenant comfort, convenience, and retention.

Cons

Significant Capital Investment: The list price of $2,895,000 represents a substantial financial commitment, potentially narrowing the pool of prospective investors.
Potential Parking Limitations: The description does not explicitly detail dedicated parking for four units, which could be a challenge for tenants in a dense urban environment like Los Angeles.
Limited Common Outdoor Space: With a 5,013 sqft lot supporting a 6,641 sqft fourplex, there may be minimal common outdoor areas, which could be a drawback for tenants seeking more exterior amenities.

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