MAJOR PRICE REDUCTION! NOW OFFERED AT $2,495,000! TRUE 9.4% CAP RATE! Exceptional opportunity to acquire a newly built, high-cash-flow multifamily asset currently master leased to a city-funded housing program, providing investors with strong in-place income and operational simplicity. The property consists of 4 units plus 1 ADU with an attractive unit mix of three 4-bedroom units and two 5-bedroom units, totaling 22 bedrooms. The asset is currently generating $26,400 per month ($316,800 annually) under the existing master lease, reflecting an attractive 7.8 GRM and 9.4% cap rate. The master tenant is responsible for all utilities and day-to-day occupancy-related expenses, providing reduced landlord responsibilities and strong cash flow. Zoned R3-1, the property offers flexibility for a variety of residential and structured housing uses. One unit is ADA compliant, enhancing accessibility and operational versatility. At the newly reduced price, the property is offered at approximately $287/SF, representing a compelling basis for newly constructed multifamily product and attractive value relative to replacement cost. Combining modern construction, strong in-place income, and a master lease structure, this asset offers investors a compelling combination of current yield and future flexibility. Conveniently located in South Los Angeles near Smart & Final, Chase Bank, McDonald's, Subway, major freeways, transportation corridors, and other neighborhood amenities. Contact listing agent for additional information regarding the master lease and investment opportunity.