2909 North Coolidge Avenue

Los Angeles, CA 90039

$2,688,000
Price
—
Beds
1,023 Sq. Ft.
$2,628 / Sq. Ft.
1,023
Sq. Ft.
$2,628
per Sq. Ft.

Description

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...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.
  1. Listed by Dennis Battung • DRE #01525589 • Kirela Real Estate Co
  2. Listed by Michael De Perio • DRE #01870969 • Kirela Real Estate Co

Property Details for 2909 North Coolidge Avenue

Architectural Style
See Remarks
Subdivision Name
Other
Garage Spaces
4.00
View
See Remarks
LISTING UPDATED: 12/09/2024 12:05 AM

Property Details for 2909 North Coolidge Avenue

StatusActive
MLS #P1-20041
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.12 AC / 5,210 SF
CountyLos Angeles County

Building Information for 2909 North Coolidge Avenue

Stories1Residences-Year Built2024Building Size-Lot Size0.12 AC / 5,210 SF

Property Information for 2909 North Coolidge Avenue

Summary
Location and General Information
  • Building Area Total: 1,023.00
  • Community Features: Biking, Curbs, Dog Park, Sidewalks, Urban
  • City: Los Angeles
  • Country: US
  • Directions: North on Newell from Riverside. Turn west(left) on Ripple. Turn North(right) on Coolidge and property is on your left side.
  • Area: 606 - Atwater
  • Unparsed Address: 2909 North Coolidge Avenue, Los Angeles, CA 90039
Parking
  • Parking Features: Assigned
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $10,625.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers
  • Lot Size Acres: .12
  • Lot Size Square Feet: 5,210.00
  • Lot Size Area: 5,210.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5442023026
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: 1 Common Wall, No One Above
  • Documents Count: 0
  • New Construction: Yes
  • Property Attached: Yes
  • Year Built Source: Builder
  • Senior Community: No
Utilities
  • Cooling: Yes
  • Electric: Standard
  • Sewer: Other
  • Utilities: See Remarks
  • Water Sewer Expense: $2,000.00
  • Water Source: Public, Other
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Pool Features: None
  • Pool Private: No
  • Spa Features: None
  • Spa: No
  • Stories Total: 1
Interior Features
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Heating: Yes
  • Interior Features: Open Floorplan
  • Living Area: 1,023.00
  • View: Yes
  • Levels: Multi/Split
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $198,000.00
  • Net Operating Income: $158,400.00
  • Electric Expense: $6,000.00
  • Insurance Expense: $3,000.00
  • Number Of Buildings: 2
  • Operating Expense: $39,600.00
  • Special Listing Conditions: Standard
  • Trash Expense: $1,000.00

Property History for 2909 North Coolidge Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2909 North Coolidge Avenue

Taxable ValueLand$676,260Additions$176,868Total$853,128
Tax Record2024$10,510 ($876 / month)
Home Facts
Beds2Total Finished SqFt870 SqFtAbove Grade Finished SqFt870 SqFtStories1Lot Size5,187 SqFtStyleSingle Family ResidenceYear Built1922ZoningLAR2CountyLOS ANGELESAPN5442-023-026

Schools near 2909 North Coolidge Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Allesandro Elementary School
PublicK to 6

Sotomayor Arts and Sciences Magnet
Public6 to 12

John Marshall Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2909 North Coolidge Avenue is a multi-family home for sale in Los Angeles, CA 90039. This property was listed for sale on November 22, 2024 by Kirela Real Estate Co, it's currently listed at $2,688,000. It has been on the market for a total of 31 days and was last sold on March 5, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Allesandro Elementary School, Sotomayor Arts and Sciences Magnet and John Marshall Senior High School. 2909 North Coolidge Avenue is a 0-bed, 0-bath, 1,023 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kirela Real Estate Co, Dennis Battung, DRE #01525589; Kirela Real Estate Co, Michael De Perio, DRE #01870969

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.