3321 London Street

Los Angeles, CA 90026

$6,999,000
Price
16
Beds
14
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Stunning New Construction 8-Unit Multifamily Building in Silver Lake. This brand-new, meticulously designed 8-unit multifamily building offers unparalleled luxury and modern convenience in one of LA's most sought-after neighborhoods. The property includes 2 One Bedroom, 4 Two Bedroom and 2 Three Bedroom units. Each unit is individually metered for electric, individual water sub-meters and each unit has solar panels, making this a highly efficient and low expense asset. The low density nature of this...Stunning New Construction 8-Unit Multifamily Building in Silver Lake. This brand-new, meticulously designed 8-unit multifamily building offers unparalleled luxury and modern convenience in one of LA's most sought-after neighborhoods. The property includes 2 One Bedroom, 4 Two Bedroom and 2 Three Bedroom units. Each unit is individually metered for electric, individual water sub-meters and each unit has solar panels, making this a highly efficient and low expense asset. The low density nature of this project is extremely desirable for tenants and will command premium rents. All units have fire sprinklers throughout, helping to lower insurance premiums. The 4 two bedroom units are detached modern bungalows. The 2 three bedroom units have one bedroom downstairs and two upstairs, making it perfect for those needing a homes office. All units have private outdoor spaces. Prime Location: Nestled in the vibrant and trendy Silver Lake area, this property is within short distance to popular dining, shopping, and entertainment spots. Contemporary Design: Each unit features high ceilings, high-end finishes, open floor plans, and large windows that flood the space with natural light. The aesthetic is modern yet inviting, with attention to every detail. Sustainability: The entire building is solar-paneled, significantly reducing energy costs and environmental impact. Turnkey Investment: This property is designed for effortless operation. This property represents the pinnacle of multifamily living, combining sophistication, sustainability, and an unbeatable location.
  1. Listed by Luis Carmona • DRE #01807958 • Brokerage DRE #01807958 • Forward Real Estate

Property Details for 3321 London Street

Water Front
None
Zoning
LAR2
Style
Contemporary
Parcel Number
5401013024
Total Units
8.0
Area
Silver Lake (671)
Vacancy Rate
0
Lot Size Area
10336
LISTING UPDATED: 10/28/2024 09:19 AM

Property Details for 3321 London Street

StatusActive
MLS #24-396331
Days on Market180
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.24 AC / 10,336 SF
CountyLos Angeles County

Building Information for 3321 London Street

Stories2Residences-Year Built2024Building Size-Lot Size0.24 AC / 10,336 SF

Property Information for 3321 London Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 6
  • Type Of Units: 3
  • View: Yes
  • View Description: City Lights
  • View: City Lights
  • Entry Floor Number: 1
  • Security Features: Fire Sprinklers, Firewall(s), Smoke Detector
  • Property Condition: New Construction
  • Water: District, Meter on Property, Public
  • Sewer: In Connected and Paid, In Street
  • Water Heaters: Yes
  • Water Heater Features: Solar, Electric
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan
  • Disclosures: Building Permit, Building Plans Available, Owner Has R.E. License, Owner Is Listing Agent, Soils Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $442,800
  • Net Operating Income: $354,240.00
  • Gross Income: $442,800
  • Gross Scheduled Income: $442,800
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $16.00
  • Monthly GrossI Income: $36,900.00
  • Total Annual Expense: 88560
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 10336
  • Lot Features: Landscaped, Back Yard, Utilities - Overhead
  • Lot Description: Gutters, Fenced, Landscaped, Firewall(s), Back Yard, Storm Drains, Utilities - Overhead, Utilities Underground
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Driveway, Driveway - Combination
  • Total Parking: 10
  • Open Other Spaces Total: 10
  • Parking Features: Driveway, Driveway - Combination
Interior Features
Interior Features
  • Room Type: Office
  • Rooms: Dining Area, Dining Room, Den/Office, Office, Patio Open
  • Levels: One, Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: Yes
  • Family Room: 0
  • Dining Room: 1
  • Cooling: Dual, Electric
  • Cooling Type: Multi/Zone, Air Conditioning, Dual, Electric
  • Heating: Electric, Combination
  • Heating Type: Electric, Combination
  • Flooring: Vinyl Plank
  • Equipment: Built-Ins, Dishwasher, Electric Dryer Hookup, Garbage Disposal, Microwave, Solar Panels, Refrigerator, Range/Oven
  • Interior Features: Cathedral-Vaulted Ceilings, Drywall Walls, Living Room Deck Attached, Living Room Balcony, Recessed Lighting, Tandem, Turnkey
  • Room Kitchen Features: Kitchen Open to Family Room
  • Kitchen Features: Counter Top, Open to Family Room
  • Room Bathroom Features: Low Flow Shower, Low Flow Toilet(s), Shower in Tub
  • Bathroom Features: Low Flow Shower(s), Low Flow Toilet(s), Shower and Tub
  • Common Walls: Attached
  • Cooking Appliances: Built-In Electric, Cooktop - Electric, Electric, Microwave
  • Laundry: In Unit, Inside, Laundry Closet Stacked
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Exterior Features: Rain Gutters
  • Roof: Asphalt
  • Sprinklers: Sprinkler System, Sprinkler Timer, Front, Side, Rear, Drip System
  • Door Features: Sliding Doors
  • Patio Features: Balcony, Patio Open
  • Entry Location: Ground Level w/steps
  • Windows: Double Pane Windows, Screens, Skylights
  • New Construction: Yes
  • Construction Materials: Concrete, Frame
  • Exterior Construction: Concrete, Frame
  • Foundation Details: Raised
  • Other Structural Features: Balcony, Custom Built, High Ceilings (9 Feet+), Rain Gutters, Sliding Glass Doors, Sprinkler System
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-28-2024
  • Listing Terms: Cash To New Loan
  • Tenant Pays: Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,750.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,750.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,700.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,700.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Dishwasher: 8
  • Number of Disposal: 8
  • Number of Electric Meters: 8
  • Number Patio: 8
  • Number Range: 8
  • Number Refrigerator: 8
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $178,948.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $715,795.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $894,743.00

Property History for 3321 London Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3321 London Street

Taxable ValueLand$730,110Additions$182,526Total$912,636
Tax Record2024$11,134 ($928 / month)
Home Facts
Total Finished SqFt2,589 SqFtAbove Grade Finished SqFt2,589 SqFtLot Size5,168 SqFtStyleDuplexYear Built1907ZoningLAR2CountyLOS ANGELESAPN5401-013-024

Schools near 3321 London Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Dayton Heights Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

John Marshall Senior High School
Public9 to 12

Camino Nuevo Dalzell Lance
Charter9 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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3321 London Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on May 28, 2024 by Forward Real Estate, it's currently listed at $6,999,000. It has been on the market for a total of 180 days and was last sold on February 5, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Dayton Heights Elementary School, Thomas Starr King Middle School and John Marshall Senior High School. 3321 London Street is a 16-bed, 14-bath, 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 Forward Real Estate, Luis Carmona, DRE #01807958

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.