$1,100,000 Price Analysis   ♡   Los Angeles, CA 90033 7 bed 4 bath 2,608 SqFt ($421/SqFt) 6,753SqFt lot. Built 1954 Listed 2024-04-16, Taxes $9,669 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to pres ent 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 rat 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.
Presented by Jason Tuvia at
Marcus & Millichap.
Property MLS #24-380526 from TheMLSCLAW
Full Bathrooms: 4
Bathroom 1 Features: Shower Over Tub
Oven
Range
Range Hood
Laundry Facilities: In Unit
Laundry Features: In Unit
Kitchen Features: Remodeled
Heating Features: Wall
Window Features: Bay Window
Patio Features: Balcony
Lot Size Acres: 0.1550275
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6753
Parking Total: 4
Other Equipment: Built-Ins, Stackable W/D Hookup, Range/Oven, Dryer, Washer, Dishwasher, Refrigerator
Tenant Pays: Electric, Gas
Vacancy Allowance: 2844
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2700, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2700, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 3400
Two On A Lot
Source Listing Status: Active
County: Los Angeles
Cap Rate: 6.35
Directions: 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.
Source Property Type: Residential Income
Area: Boyle Heights
Source Neighborhood: Boyle Heights
Parcel Number: 5180-013-006
Postal Code Plus 4: 4102
Property Location: City
Zoning: LAR2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $239,700 + $550,800 $790,500 | $9,669 |
| 2021 | $230,000 + $400,000 $630,000 | $7,840 |
| 2020 | $188,392 + $129,520 $317,912 | $4,247 |
| 2019 | $184,699 + $126,981 $311,680 | $4,092 |
| 2018 | $181,078 + $124,492 $305,570 | $4,008 |
| 2017 | $177,528 + $122,051 $299,579 | $3,924 |
| 2016 | $174,048 + $119,658 $293,706 | $3,811 |
| 2015 | $171,434 + $117,861 $289,295 | $3,759 |
| 2014 | $168,076 + $115,553 $283,629 | $3,790 |
| 2013 | $167,317 + $115,031 $282,348 | $3,790 |
| 2012 | $164,037 + $112,776 $276,813 | $3,840 |
| 2010 | $160,821 + $110,565 $271,386 | $3,772 |
| 2009 | $170,000 + $215,000 $385,000 | $5,043 |
| 2009 | $159,620 + $109,739 $269,359 | $5,043 |
| 2008 | $28,166 + $20,140 $48,306 | $919 |
| 2007 | $27,614 + $19,746 $47,360 | $881 |
$1,100,000
TheMLSCLAW
Listed 2024-04-16
$1,200,000
TheMLSCLAW
Sold 2020-08-25
$630,000
TheMLSCLAW
Listed 2020-07-23
$595,000
TheMLSCLAW
Listing removed 2020-04-09
$0
TheMLSCLAW
Listed 2020-02-19
$595,000
TheMLSCLAW
Year Built: 1954
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 70
Property Condition: Updated/Remodeled
Levels or Stories: 2
Building Total Stories: 2
House Style: Craftsman
Year Built Source: Vendor Enhanced
Architectural Style: Craftsman
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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.