Lennar Offers Homes at a Gated Community in Los Angeles - Analyst Blog

Recently Lennar CorporationLEN unveiled homes in the new gated community called 2775 Cahuenga near the Hollywood Hills in Los Angeles.

Homebuyers at 2775 Cahuenga will be offered two and three bedroom homes, with some of the homes featuring open private terraces. Priced from high $900s, the three bedroom homes include three and a half bath. The two bedroom homes include two and a half bath. The homes comprise high end finishes and materials, including 2-bay garage door, a complete home automation system, category 5 high speed wiring, stainless steel appliances, sleek Moen fixtures, and Caesarstone countertops in gourmet kitchen. The flooring package includes hardwood, ceramic tiles and carpeting.

Homebuyers at 2775 Cahuenga will enjoy the vibe of a throbbing metropolitan city along with the tranquility and nature of the Hollywood Hills. They can also enjoy outdoor activities like hiking in the nearby Runyon Canyon Park and biking in Mulholland Drive. Due to its location between downtown Hollywood and the Studio City, residents will have endless options for entertainment.

With the spring selling season gaining traction, homebuilders are increasing their offerings of new homes. Earlier this week, Lennar unveiled its luxury resort style homes, The Golf Villas at a community called The Vistas in Orlando, FL. Located in ChampionsGate Golf Club, The Vistas is a short term rental vacation home community with 17 home sites.

Lennar carries a Zacks Rank #2 (Buy).

Other Stocks to Consider

Investors interested in the building sector can also consider Toll Brothers Inc. TOL , Ryland Group Inc. RYL and DR Horton Inc. DHI . While Toll Brothers sports a Zacks Rank #1, Ryland Group and DR Horton carry a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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