2,922 SF LUXURY 5 BED SFR + 2 MASSIVE UNITS I | 4351 Victoria Park Pl
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2,922 SF LUXURY 5 BED SFR + 2 MASSIVE UNITS I 4351 Victoria Park Pl
3 Unit Apartment Building $4,052,700 CAD ($1,350,900 CAD/Unit) 5.54% Cap Rate Los Angeles, CA 90019
Investment Highlights
- Located in Victoria Park, a coveted residential area surrounded by gorgeous historical homes. New const. is hard to come by in this residential area!
- Highly desirable Victoria Park Pl, a beautiful circle made up of gorgeous traditional homes, reminiscent of the golden years of Hollywood!
- This is a DREAM property for owner-occupiers. Live a life of absolute luxury in the expansive front home while having tenants pay your mortgage!
- SFR's of significantly smaller sq ft. sell for 2-3M nearby. 4351 Victoria Park is an almost 3,000 SF home PLUS two 4 bed townhomes for only $2,850,000
- Located walking distance to the Midtown Shopping Center and Target. Less than 1 mile to Ulta, Lowes, Starbucks, Olive Garden, Sprouts and more.
Executive Summary
The 2-4 Unit Specialists are pleased to present 4351 Victoria Park Place, a brand-new construction triplex located in the heart of the prestigious Victoria Park neighborhood. This property offers a unique opportunity for owner-occupiers to live in a massive, luxurious home while generating rental income to offset or fully cover the mortgage. The front home is a sprawling 5-bedroom, 5.5-bathroom residence spanning nearly 3,000 square feet, designed with premium finishes, multiple balconies, and an expansive open floorplan that perfectly balances modern luxury with timeless charm.
In addition to the main residence, the property includes two additional 4-bedroom, 4-bathroom townhomes, thoughtfully situated in a separate building to provide privacy for both owners and tenants. These units feature massive tenant-friendly layouts, private washers and dryers, top-of-the-line finishes, and a rear yard, ensuring easy management and high rental demand. At just $2,850,000, this property offers significantly more space, luxury, and earning potential than similarly priced older homes in the area, which often require extensive maintenance and lack the modern conveniences of new construction. For those of you looking strictly for investment potential, we project a cap rate of 5.54% if you rent out all three units.
Nestled on the iconic Victoria Park Place, a picturesque circular street lined with historic homes, this property blends seamlessly into its architecturally significant surroundings. The location provides the perfect combination of tranquility and convenience, with walking distance to the Midtown Shopping Center and easy access to Downtown Los Angeles, Culver City, and Koreatown.
With a one-year builder’s warranty, minimal maintenance, tenant-paid utilities, a coveted location, and unmatched luxury, 4351 Victoria Park Place is a truly rare financial opportunity for both owner-occupiers and investors alike.
In addition to the main residence, the property includes two additional 4-bedroom, 4-bathroom townhomes, thoughtfully situated in a separate building to provide privacy for both owners and tenants. These units feature massive tenant-friendly layouts, private washers and dryers, top-of-the-line finishes, and a rear yard, ensuring easy management and high rental demand. At just $2,850,000, this property offers significantly more space, luxury, and earning potential than similarly priced older homes in the area, which often require extensive maintenance and lack the modern conveniences of new construction. For those of you looking strictly for investment potential, we project a cap rate of 5.54% if you rent out all three units.
Nestled on the iconic Victoria Park Place, a picturesque circular street lined with historic homes, this property blends seamlessly into its architecturally significant surroundings. The location provides the perfect combination of tranquility and convenience, with walking distance to the Midtown Shopping Center and easy access to Downtown Los Angeles, Culver City, and Koreatown.
With a one-year builder’s warranty, minimal maintenance, tenant-paid utilities, a coveted location, and unmatched luxury, 4351 Victoria Park Place is a truly rare financial opportunity for both owner-occupiers and investors alike.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$295,207
|
$47.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,808
|
$1.91
|
| Effective Gross Income |
$283,399
|
$45.90
|
| Taxes |
$48,608
|
$7.87
|
| Operating Expenses |
$10,386
|
$1.68
|
| Total Expenses |
$58,995
|
$9.56
|
| Net Operating Income |
$224,404
|
$36.35
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $295,207 |
| Annual Per SF | $47.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,808 |
| Annual Per SF | $1.91 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $283,399 |
| Annual Per SF | $45.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $48,608 |
| Annual Per SF | $7.87 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,386 |
| Annual Per SF | $1.68 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,995 |
| Annual Per SF | $9.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $224,404 |
| Annual Per SF | $36.35 |
Property Facts
| Price | $4,052,700 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,350,900 CAD | Apartment Style | Mid Rise |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.54% | Building Size | 6,174 SF |
| Sale Conditions | Build to Suit | No. Stories | 3 |
| Gross Rent Multiplier | 13.73 | Year Built | 2024 |
| No. Units | 3 | Parking Ratio | 0.81/1,000 SF |
| Property Type | Multifamily |
| Price | $4,052,700 CAD |
| Price Per Unit | $1,350,900 CAD |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| Sale Conditions | Build to Suit |
| Gross Rent Multiplier | 13.73 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Lot Size | 0.17 AC |
| Building Size | 6,174 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.81/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Yard
- Deck
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Handrails
- Island Kitchen
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+5 | 1 | $10,665 CAD | 2,922 |
| 4+4 | 1 | $7,110 CAD | 1,727 |
| 4+4 | 1 | $6,826 CAD | 1,525 |
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Walk Score ®
Very Walkable (89)
zoning
| Zoning Code | LAR2 |
| LAR2 |
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2,922 SF LUXURY 5 BED SFR + 2 MASSIVE UNITS I | 4351 Victoria Park Pl
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