2909 N Coolidge Avenue
Los Angeles, CA 90039
- – beds
- – baths
- – sqft
- 5,227 sqft lot
- 2023 build
- – on site
Introducing The Coolidge Compound, an exquisite and newly constructed Spanish Modern masterpiece nestled in the vibrant neighborhood of Frogtown. Brand new and yet to be lived in as a whole, this exceptional property boasts a rare and unique offering of four vacant units, each meticulously designed to cater to the discerning tastes of the market.This brand new property has been intelligently designed to accommodate a mix of owners, making it the ideal low-maintenance investment property for those seeking hassle-free recurring income. Owners have the option to live rent-free in one unit while the rental income from the remaining units covers the mortgage, providing a steady cash flow, equity growth, and valuable tax benefits. Keeping this in mind, the property boasts fully paid for solar panels adding even more value and desirability to the property. The fact that all four units are fully vacant is a rare find in Los Angeles, allowing for immediate market rate rents at close to $200,000 annually.What sets this compound apart is its ability to command top market rents in one of the most sought-after rental markets in the country, all while maintaining a standard of quality, design, and craftsmanship that is unparalleled. Equipped with a deep understanding of the needs of residents in this area specifically, each unit is tailored to be the epitome of desirability and offers many added features including Solar panels to limit the resident's utility bill thereby making this property all the more desirable and cost effective.Each unit within the Coolidge Compound features two spacious bedrooms and two well-appointed bathrooms, catering to a variety of tenant configurations. The design of the units ensures that each resident enjoys a private and independent living experience, with the added luxury of huge outdoor spaces in the form of rooftop decks for relaxation, privacy and entertainment.Extensive data analysis confirms that this property addresses a crucial gap in the real estate market, offering high-quality housing in an area where demand far exceeds supply. A truly win-win situation in that this compound offers a multitude of benefits to its owner while speaking to the taste and quality of living of its residents, there is no other property in Los Angeles that compares or offers a better return on investment.
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Last updated May 31, 2024
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MLS# P1-17796 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2023
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Year Built Source:Builder
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New Construction:Yes
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Construction Materials:Drywall Walls
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Architectural Style:See Remarks
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Common Walls:No Common Walls
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Building Area Total:3580.00
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:2
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# of Separate Gas Meters:2
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Features:Open Floorplan, Quartz Counters, Unfurnished, Recessed Lighting
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Levels:Two
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Fireplace:No
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Fireplace:None
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Laundry:Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup
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Laundry:1
Location
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Directions:From the 2 going South exit Fletcher Dr. Turn left then left on Ripple St. Right on Ripple st again. Finally left on N coolidge ave.
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Latitude:34.10331100
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Longitude:-118.24616300
The Property
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Property Type:Residential Income
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Property Condition:Turnkey
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Lot Features:Sprinklers None
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Lot Size Area:5227.0000
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Lot Size Acres:0.1200
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Lot Size SqFt:5227.00
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Lot Size Source:Assessor
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View:1
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View:Mountain(s), Neighborhood
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Fencing:Block, Wood
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Fence:Yes
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Exclusions:All staging furniture and potted plants.
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Road Frontage:City Street
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Buyer's Brokerage Compensation:2.500%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$2.50
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Parcel Number:5442023026
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Green Energy Generation:Solar
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Water Source:Public
Appliances
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Appliances:Gas & Electric Range
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Included:Yes
The Community
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Subdivision:Not Applicable
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Senior Community:No
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Features:Biking, Urban, Sidewalks, Street Lights, Park, Fishing, Dog Park, Curbs
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Pool:None
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Driveway
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Parking Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/24/24
May 24, 2024
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Relisted | CRMLS_CA | $2,980,000 | 339.5% (105.4% / YR) |
1/23/24
Jan 23, 2024
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Pending | BRIDGE | ||
11/17/23
Nov 17, 2023
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Price Changed | CRMLS_CA |