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354 Newland Street

Los Angeles (City), CA 90042
  • $4,195,000
  • STATUS: Active Under Contract
  • ON SITE: 180 Days
  • MLS #: 24418909
Under Contract
UPDATED: 66 min ago
$4,195,000
  • 14
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,162
    SQFT
  • $514
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

Listing Agent(s): Serena Shlomof of Onward Capital, Inc. (310-728-9969)


Description

Onward Capital as an exclusive broker is pleased to present a brand-new 5-unit complex (2 Duplex's and large ADU) for sale. This 5-unit property features 3- detached buildings, all 3-story on grade with elevating rooftop views overlooking all of Los Angeles. The property includes (2) 4 bed, 5 bath units, (2) 3 bed, 3 bath units and one studio apartment.354 N Newland is a NON-RENT CONTOLLED and SPACIOUS 5-unit tri level townhome complex. Finishes in the unit are top of the line including high ceilings, walk in closets, designer kitchens, en-suite bathrooms and huge rooftop decks. A++ HIGHLAND PARK LOCATIONDELIVERED. 100% LEASED AT A TRUE 5.25% CAP. 8 PARKING SPOTS (2) PER UNIT AND 1 GARAGE! LARGE ROOFTOP DECKS OVERLOOKING LOS ANGELES. ALL UNITED SEPERATLEY METERED FOR GAS, ELECTRIC, AND WATER. PERFECT OWNER OCCUPIED OPPORTUNITY!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-20T11:25:35.753. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/152900971
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354 Newland Street Los Angeles (City), CA 90042

  • Price: $4,195,000
  • Status: Active Under Contract
  • On Site: 180 Days
  • Updated: 66 min ago
  • MLS #: 24418909
14
Beds
0
Baths
0
½ Baths
0.15
Acres
8,162
SQFT
$514
$/SQFT
2024
Built
Neighborhood:
632 - Highland Park
County:
Los Angeles
Area:
632 - Highland Park
Property Description
Onward Capital as an exclusive broker is pleased to present a brand-new 5-unit complex (2 Duplex's and large ADU) for sale. This 5-unit property features 3- detached buildings, all 3-story on grade with elevating rooftop views overlooking all of Los Angeles. The property includes (2) 4 bed, 5 bath units, (2) 3 bed, 3 bath units and one studio apartment.354 N Newland is a NON-RENT CONTOLLED and SPACIOUS 5-unit tri level townhome complex. Finishes in the unit are top of the line including high ceilings, walk in closets, designer kitchens, en-suite bathrooms and huge rooftop decks. A++ HIGHLAND PARK LOCATIONDELIVERED. 100% LEASED AT A TRUE 5.25% CAP. 8 PARKING SPOTS (2) PER UNIT AND 1 GARAGE! LARGE ROOFTOP DECKS OVERLOOKING LOS ANGELES. ALL UNITED SEPERATLEY METERED FOR GAS, ELECTRIC, AND WATER. PERFECT OWNER OCCUPIED OPPORTUNITY!
Exterior Features

Architectural Style Modern Attached Garage YN Yes Carport YN Yes Parking Features Attached CarportDoor-MultiGarage Parking Total 8

Interior Features

Appliances DishwasherDisposalMicrowaveRefrigeratorDryerWasher Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 5.25 Gross Income 301500 Levels Multi/Split Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 220252.5 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-20T11:25:35.753. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Serena Shlomof of Onward Capital, Inc. (310-728-9969)