2909 North Coolidge Avenue
$2,688,000
—
1,023
1,023
$2,628
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.
- Listed by Dennis Battung • DRE #01525589 • Kirela Real Estate Co
- Listed by Michael De Perio • DRE #01870969 • Kirela Real Estate Co
Property Details for 2909 North Coolidge Avenue
Architectural Style
See Remarks
Subdivision NameOther
Garage Spaces4.00
ViewSee Remarks
LISTING UPDATED: 12/09/2024 12:05 AM
Property Details for 2909 North Coolidge Avenue
Status | Active |
---|---|
MLS # | P1-20041 |
Days on Market | 31 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2024 |
Lot Size | 0.12 AC / 5,210 SF |
County | Los 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
Property History for 2909 North Coolidge Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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