Under Contract

2909 N Coolidge Avenue

Los Angeles CA, 90039

$2,980,000


$832.40 per sqft

Under Contract

3,580 sqft

Residential

Built in 2023

Listed by Dennis Battung with Douglas Elliman of California, Inc. (626) 204-5252

Welcome to the Coolidge Complex, a truly magnificent Spanish Modern located in DCLA's favorite pocket of Los Angeles, Frogtown. This rare and fully vacant new construction complex offers 4 Vacant units with the ability collect today's market rent in one of the highest rent producing pockets in the Country without compromising quality, design, space, or workmanship.Having developed close to two dozen projects in this part of town alone, DCLA understands its resident's needs within these spaces and designs each Rental Income property to be the most desirable among the area, and The Coolidge Complex screams just this.This complex intelligently allows for a mix of owners as this brand new, low maintenance stunner is the perfect hands off income property for owners who enjoy recurring income without recurring headaches. All the more, it also allows for an owner to live, rent-free, in one unit while the remaining residents pay their mortgage off for them. Either way, any owner will enjoy monthly cashflow, mortgage pay down through rental income, tax benefits, equity increases, and most of all, the ability to start with market rate rents due to its full vacancy! 4 unit properties in Los Angeles typically never come FULLY Vacant!Each unit features two ample sized rooms with two fully equipped bathrooms for multiple tenant combinations and is designed to service its occupant independently while offering designated outdoor spaces for each unit in the form of rooftop decks to check off every box each person may have.Studying multitudes of data confirms the conclusion that this product offers one of the few areas within the Real Estate market that remains underserved as there is a severe lack of good housing in Los Angeles a rents in the City continue to rise for market rate units only while others level off.Set to be complete end of December 2023, the Duplex is ready to go sands finishing touches on the exterior to give it that DCLA panache while the rear structure is fully underway and set to be completed before the end of the year.Allow Us To Reintroduce This Home!

P1-15784

MLS ID

November 16, 2023

Listed

February 16, 2024

Updated

Map

2909 N Coolidge Avenue
Los Angeles CA, 90039

Interior Features

Total Stories

2


Interior Features

Open Floorplan, Quartz Counters, Recessed Lighting, Storage, Bedroom on Main Level, Primary Suite, Walk-In Closet(s)


Appliances

Dishwasher, Refrigerator, Tankless Water Heater, Vented Exhaust Fan


Floor Description

Vinyl


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air, Attic Fan


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.12 Acres


Exterior Features

Lighting


Lot Features

Front Yard, Landscaped, Near Park, Near Public Transit, Rectangular Lot


Architectual Style

Spanish


Roof

Flat


Sewer

Public Sewer

Other Property Details

Days on Market

68


Garage

No


Parking

Driveway Level, Driveway, On Site, Private, Tandem, Uncovered


Parking Total

6


View

Yes


View Description

City Lights, Mountain(s), Neighborhood


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR2


Buyer Agency Compensation

2%

Green Building Features

Green Features

Solar

Listing History

Date

Event

Price

1/23/2024

Under Contract

11/17/2023

Price Change

$2,980,000

2%

Listing Contact: (626) 204-5252 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:16 AM UTC

 

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