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354 Newland St

Los Angeles, CA 90042
  • $4,195,000
  • STATUS: Active Under Contract
  • ON SITE: 208 Days
  • MLS #: 24-418909
Under Contract
UPDATED: 49 min ago
$4,195,000
  • 14
    BEDS
  • 0.15
    ACRES
  • 17
    BATHS
  • 0
    1/2 BATHS
  • 8,162
    SQFT
  • $514
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2025-02-17T12:43:00.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/152901487
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354 Newland St Los Angeles, CA 90042

  • Price: $4,195,000
  • Status: Active Under Contract
  • On Site: 208 Days
  • Updated: 49 min ago
  • MLS #: 24-418909
14
Beds
17
Baths
0
½ Baths
0.15
Acres
8,162
SQFT
$514
$/SQFT
2024
Built
Neighborhood:
Highland Park
County:
Los Angeles
Area:
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

Levels Multi/Split Lot Size Area 6694 Other Structures None Parking Garage Carport AttachedGarage - 2 Car Style Modern Total Parking 8

Interior Features

Cooling Air ConditioningCentralMulti/Zone Equipment DryerDishwasherFreezerGarbage DisposalMicrowaveIce MakerHood FanRefrigeratorRange/OvenWasher Heating Central

Property Features

Assessed Total Value 1000000 Disclosures As Is Gross Income 301500 Gross Operating Income 292455 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 220252.50 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Source Living Area Builder Source Lot Size Area Vendor Enhanced Total Annual Expense 72202.50 Type Of Units Townhome Year Built Source Builder Zoning LARD1.5

Listing provided courtesy of Serena Shlomof DRE#01986310 of Onward Capital, Inc.: 310-728-9969.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-17T12:43:00.723. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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