Los Angeles, CA 90044
$2,695,000

Mark Quesada
Broker / Owner
DRE #02101365
WOW! True 8.7% CAP RATE!! Exceptional opportunity to acquire a newly built, high-cash-flow multifamily asset featuring a long-term master lease with a city-funded housing program, providing investors with stable in-place income and operational simplicity. The property consists of 4 units plus 1 ADU, featuring an attractive unit mix of three 4-bedroom units and two 5-bedroom units, totaling 22 bedrooms. The asset is currently generating $26,400 per month ($316,800 annually) under the existing master lease, reflecting an attractive 8.5 GRM and 8.7% cap rate. The master tenant is responsible for all utilities and day-to-day occupancy-related expenses, creating a highly passive investment opportunity with reduced landlord responsibilities and strong cash flow. Zoned R3-1, the property offers flexibility for a variety of residential and structured housing uses. One unit is ADA compliant, enhancing accessibility and operational versatility. Offered at approximately $310 per square foot, the property presents compelling value near replacement cost. Combining modern construction, strong in-place income, and a master lease structure, this asset offers investors a rare blend of stability, efficiency, and long-term upside. Conveniently located in South Los Angeles, within walking distance to Smart & Final, Chase Bank, McDonald's, Subway, and other neighborhood amenities, with easy access to major freeways and transportation corridors. Rarely does a newly constructed, stabilized asset with a long-term master lease, strong in-place cash flow, and minimal management burden become available in this price range. Contact listing agent for additional information regarding the lease structure and investment opportunity.
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$19,890/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Interior
Construction
Lot & parking
Listed by Daniel Shamooelian, Keller Williams Beverly Hills
MLS# 26716111 · Active
$650,000
Median sale price
52 days
Avg days on market
99.7% of list
Sells for
Closed sales in 90044 over the last 6 months, all home types.
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.