$1,750,000 Price Analysis   ♡   Los Angeles, CA 90033 3 bed 1 bath 6,156 SqFt ($284/SqFt) 7,559SqFt lot. Built 1922 Listed 2024-04-09, Taxes $10,348 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
An excellent chance awaits to invest in an 8-unit property comprising 2 storefronts and 6 apartments
Each offering consistent cash flow and promising growth prospects. Additionally, the property features 5 parking spots - 4 uncovered and 1 covered. Situated close to White Memorial Hospital, USC Health Services, Dodger Stadium and Chinatown, this property benefits from steady drive-by traffic for its storefront units.
Seize this opportunity for immdiate cash flow, as it's expected to be snapped up quickly. Monthly Pro Forma Rent $15, 000, with a 7.97% Pro Forma Cap rate .
Presented by Dan Stueve at
Equity Union.
Property MLS #24-368707 from TheMLSCLAW
Full Bathrooms: 1
Lot Size Acres: 0.1735308
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7559
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Unit Features: 1 SquareFeet: 56400, 2 BedsTotal: 8, 2 BathsTotal: 6, 2 SquareFeet: 85320
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Los Angeles
Cross Street: Echandia Street
Cap Rate: 5.78
Directions: See Map
Source Property Type: Residential Income
Area: Boyle Heights
Source Neighborhood: Boyle Heights
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Owner Pays: Electricity, Gas, Water
Parcel Number: 5174-010-033
Postal Code Plus 4: 2411
Property Location: City
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $515,100 + $296,178 $811,278 | $10,348 |
| 2021 | $505,000 + $290,371 $795,371 | $10,193 |
| 2020 | $499,822 + $287,394 $787,216 | $10,286 |
| 2019 | $490,022 + $281,759 $771,781 | $9,901 |
| 2018 | $480,414 + $276,235 $756,649 | $9,715 |
| 2017 | $470,995 + $270,819 $741,814 | $9,511 |
| 2016 | $461,760 + $265,509 $727,269 | $9,237 |
| 2015 | $454,824 + $261,521 $716,345 | $9,108 |
| 2014 | $445,915 + $256,399 $702,314 | $9,151 |
| 2013 | $443,900 + $255,241 $699,141 | $9,151 |
| 2012 | $435,197 + $250,237 $685,434 | $9,274 |
| 2010 | $426,664 + $245,331 $671,995 | $9,102 |
| 2009 | $424,483 + $244,077 $668,560 | $8,754 |
| 2009 | $423,476 + $243,498 $666,974 | $8,754 |
| 2008 | $416,160 + $239,292 $655,452 | $8,393 |
| 2007 | $408,000 + $234,600 $642,600 | $8,099 |
$1,750,000
TheMLSCLAW
Listing removed 2020-02-29
$1,650,000
CRISNET
Listed 2019-10-13
$1,650,000
CRISNET
Sold 2005-08-16
$630,000
Public Record
Net Operating Income: 101125
Year Built: 1922
Building Exterior Type: Brick, Wood
Common Walls: Attached
Foundation Details: Concrete Slab
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 102
Roof: Flat
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Television: Cable TV
Security Features: Smoke Detector, Window Bars, Carbon Monoxide Detector(s)
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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.