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- MLS#21709150
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaBoyle Heights
- Zip90033
- Style
- Price$ 1,925,000
- Bedrooms11
- Full Bathrooms11
- Half Bathrooms0
- Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Armin Soleimani with Global Platinum Properties, Inc..
Data Source:
CRMLS
Property Description
11 cash-flowing units in the heart of BoyleHeights. Currently, cash flowing at an of 4.5% Cap Rate with a Proforma Cap of11.1% and GRM of 7.4. amazing value-Add opportunity with significant100%upside in rents. Low Cost per Unitof$175K/Unit and Low Cost per SF of$251/SF. 7 Parking Spaces in the back mostly being used by lower-paying tenants. Potential of adding 2 ADUs in the back. Individually metered for Gas &Electricity.
Price History | |
---|---|
3/23/2021 | Listed $1,925,000 |
General Features
MLS Area | BOYH - Boyle Heights |
---|---|
Parking Features | Uncovered |
Property Type | Residential Income |
Total Units | 11 |
Zoning | LAC1 |
Exterior Features
Lot Dimensions | 50x140 |
---|---|
Lot Size Acres | 0.16 |
Lot Size Area | 6995 |
Lot Size Square Feet | 6995 |
Lot Size Units | Square Feet |
Number of Buildings | 1 |
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