5649 Klump Ave

This is an incredibly priced new construction fourplex in the NoHo Arts District! Park your money here and enjoy No Rent Control and exceptional return! 5649 Klump is made up of four 3-story, side-by-side townhome style units with spacious floorplans and awesome views. Our rental team has found this unit type to be the #1 choice of renters. The excellent location, walking distance to all the excitement that NoHo has to offer, paired with the upscale modern units makes for quick, easy rentals. At $2,350,000 you’re looking at a realistic projected cap rate of 5.38%, if not higher. Other perks to this property include: optimal parking (2-car garages for three of the units and two exterior spots), separate meters for all utilities, stainless steel appliances, drought tolerant landscaping, and a 1 year fit and finish warranty! Additionally, this is located in a CA Opportunity Zone, which could mean tax benefits (please consult with a tax specialist).