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- MLS#20622074
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaBoyle Heights
- Zip90023
- Style
- Price$ 1,160,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2478
- Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Elizabeth Clark with Compass.
Property Description
This listing is a 4-unit fully rented (4.7 cap rate) multifamily property situated in the gentrifying Boyle Heights neighborhood of Los Angeles. The subject property has been newly renovated and consists of a large three (3) bedroom house in the front and three (3) one-bedroom (1 Bd/1 Bath) units in the back. Three of the four units were newly renovated in 2020 and have new tenants who have signed leases during Summer 2020 who are paying market rent. This exceptional investment property with upside has new electrical wiring inside the walls of all 4 units, new subpanels in each unit, and separate meters with 220 in the front house. Tenants pay for electricity, gas and trash. There are new drain lines and copper plumbing for all units and the front house. Located minutes from Downtown LA, the trendy Arts District, USC Medical Center, White Memorial Hospital, Cal State LA and popular retailers and restaurants with easy access to freeways and walking distance to public transportation.
Price History | |
---|---|
8/24/2020 | Listed $1,250,000 |
12/1/2020 | 6% - $1,175,000 |
12/17/2020 | 2% - $1,160,000 |
General Features
Cooling | None |
---|---|
Directions | South of Whittier Blvd. North of 7th St. West of Euclid. East of Marietta. |
Garage Spaces | 0.00 |
Heating | None |
Listagentaor | Beverly Hills/Greater LA |
Listing Agent | Elizabeth Clark - BRE#01811246 |
Listing Agent State License | 01811246 |
MLS Area | BOYH - Boyle Heights |
Parking Features | Driveway, Community Structure |
Pool Features | None |
Price Per Square Foot | 468.12 |
PropertyCondition | Updated/Remodeled |
Roof | Composition |
Source System | CRMLS |
Spa Features | None |
Special Listing Conditions | Standard |
Total Units | 4 |
Zoning | LAR2 |
Interior Features
Laundry Features | See Remarks |
---|---|
Laundry Y/N | Yes |
Exterior Features
Building Area Total | 2478.00 |
---|---|
Lot Size Acres | 0.1200 |
Lot Size Area | 5592.0000 |
Lot Size Source | Appraiser |
Lot Size Square Feet | 5592.00 |
Lot Size Units | Square Feet |
Number of Buildings | 2 |
Parking Y/N | Yes |
Total Parking | 0.00 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool