6732 Irvine is a stunning new construction fourplex that was fully leased up (subject to C of O) in record speed at $3,500 for the 4 bedroom units, $3,100 for the upstairs 3 bedroom, and $2,900 for the downstairs 3 bedroom. Due to gas/C of O not being in as quickly as hoped, the 4 bedroom tenants bowed out, but with completion happening in a few days, we are now in the process of re-renting the 4 bedrooms for $3,600 ($100 more because they went so fast the first time). That means a cap rate of 5.85%, which is the highest of any current new construction deals!

Aside from being an extremely easy rental, this building boasts:
- A chic black and white Cape Cod style exterior
- A sleek interior with upscale finishes, stainless steel appliances and high ceilings
- No rent control
- A location that is gentrifying rapidly near the future home of NoHo West

6732 Irvine is made up of two 4 bedroom, 3 bathroom units that are townhome style and two 3 bedroom, 2 bathroom units that are single story (one above the other). The property boasts eight parking spaces.