Thank you
Jason Tuvia
Marcus & Millichap
818-212-2700
We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site parking available. Built in 1927, 1050 S Bonnie Beach Place contains a incredible unit mix of two (2) two-bedroom / one and a half-bathroom units and one (1) three-bedroom / one and a half-bathroom unit. There is positive initial cash flow at a 7.26% cap rate on current numbers. Additionally, there is potential to convert the carports into multiple ADU unit(s). Built in 1973, 926 S Ford Boulevard contains a streamlined unit mix of three (3) two-bedroom / one and a half-bathroom units with a bonus den. There is potential to convert the carports into multiple ADU unit(s). Situated in an ideal East Los Angeles / Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire up to three (3) triplexes all within a few miles of each other.
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Total Bedrooms : 6
Total Baths: 5
Full Baths: 0
Half Baths: 0
Property Appliances: Refrigerator
Flooring: Wood
Wall Furnace
Has Heating
Year Built: 1973
Building Area Total: 2,808
Gated Community
None
Open,Patio
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1253
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5456
Original List Price: 1,200,000
Listing Contract Date: 2024-04-15
Listing Agreement: Seller Reserved
Parcel Number: 5246005028
Garage Description: Covered,Detached Carport,Uncovered
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: ELA - East Los Angeles
Postal Code Plus 4: 2909
Directions: The subject property is situated in an ideal East Los Angeles location, north of the -5 freeway and east of the -101 freeway.
Zoning: LCP*
Source Property Type: Residential Income
Area: ELA - East Los Angeles
Property Age: 51
Property Condition: Updated/Remodeled
Year Built Source: Vendor Enhanced
Total Square Feet Living: 2808
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4344 Michigan Avenue, Los Angeles, CA,90022 | $729,000 | 5 | 2 | 2,037 | 6887 Sqft |
759 S Ford Boulevard, Los Angeles, CA,90022 | $1,125,000 | 4 | 4 | 3,224 | 6570 Sqft |
6614 Easton Street, Los Angeles, CA,90022 | $750,000 | 3 | 3 | 1,507 | 4932 Sqft |
700 Keenan Avenue, Los Angeles, CA,90022 | $949,900 | 7 | 4 | 2,756 | 7035 Sqft |
4635 Hammel Street, Los Angeles, CA,90022 | $650,000 | 2 | 1 | 891 | 5431 Sqft |
6200 Northside Drive, Los Angeles, CA,90022 | $1,100,000 | -- | -- | 3,812 | 5330 Sqft |
4705 Dozier Street, Los Angeles, CA,90022 | $859,000 | 6 | 2.5 | 2,399 | 5542 Sqft |
4412 E 6th Street, Los Angeles, CA,90022 | $589,000 | 3 | 1 | 936 | 2960 Sqft |
4652 Gratian Street, Los Angeles, CA,90022 | $1,960,000 | 94 | -- | 54,356 | 35517 Sqft |
946 S Vancouver Avenue, Los Angeles, CA,90022 | $669,000 | 4 | 2 | 880 | 5076 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 13:05
MLS: 24380539
LISTED BY: Jason Tuvia, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 1.75%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.