$1,200,000 Price Analysis   ♡   Los Angeles, CA 90022 6 bed 5 bath 2,808 SqFt ($427/SqFt) 5,456SqFt lot. Built 1973 Listed 2024-04-16, Taxes $10,854 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to present a three (3)
* Has Contingent Offer *Property portfolio (my 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 con vert 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.
Presented by Jason Tuvia at
Marcus & Millichap.
Property MLS #24-380539 from TheMLSCLAW
Full Bathrooms: 5
Laundry Features: Laundry Area
Kitchen Features: Remodeled
Heating Features: Wall
Garage Description: Covered Parking, Carport Detached, Uncovered
Parking Total: 6
Patio Features: Patio Open
Lot Size Acres: 0.1252525
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5456
Tenant Pays: Electric, Gas
Vacancy Allowance: 3445
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1.5, 1 SquareFeet: 3200, 2 BedsTotal: 2, 2 BathsTotal: 1.5, 2 SquareFeet: 3200, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 3200
County: Los Angeles
Cap Rate: 7.26
Directions: The subject property is situated in an ideal East Los Angeles location, north of the -5 freeway and east of the -101 freeway.
Source Property Type: Residential Income
Area: East LA
Source Neighborhood: East LA
Parcel Number: 5246-005-028
Postal Code Plus 4: 2909
Property Location: City
Zoning: LCP
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $400,000 + $406,000 $806,000 | $10,854 |
| 2021 | $254,157 + $79,506 $333,663 | $5,349 |
| 2020 | $251,551 + $78,691 $330,242 | $5,378 |
| 2019 | $246,619 + $77,149 $323,768 | $5,206 |
| 2018 | $241,784 + $75,637 $317,421 | $5,082 |
| 2017 | $237,044 + $74,154 $311,198 | $4,991 |
| 2016 | $232,397 + $72,700 $305,097 | $4,863 |
| 2015 | $228,907 + $71,608 $300,515 | $4,795 |
| 2014 | $224,424 + $70,206 $294,630 | $4,802 |
| 2013 | $223,410 + $69,889 $293,299 | $4,775 |
| 2012 | $219,030 + $68,519 $287,549 | $4,789 |
| 2010 | $214,736 + $67,176 $281,912 | $4,670 |
| 2009 | $213,639 + $66,833 $280,472 | $4,503 |
| 2009 | $213,132 + $66,674 $279,806 | $4,503 |
| 2008 | $209,450 + $65,523 $274,973 | $4,332 |
| 2007 | $205,344 + $64,239 $269,583 | $4,177 |
$1,200,000
TheMLSCLAW
Sold 2021-07-20
$806,000
CRMLS
Sold 2000-02-07
$235,000
Public Record
Sold 1998-04-10
$155,000
Public Record
Year Built: 1973
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 51
Property Condition: Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Security Features: Gated
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.