Description
MAJOR PRICE REDUCTION!! Excellent opportunity to own 6 units (3 buildings, combined 4,104sf) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.5% Cap Rate and GRM 14.89 as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. Tenants pay all utilities with exception of water and trash and all units have their own gas and electric utility meters. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month. Buyer to independently verify all information. MAJOR PRICE REDUCTION!! Excellent opportunity to own 6 units (3 buildings, combined 4,104sf) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.5% Cap Rate and GRM 14.89 as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. Tenants pay all utilities with exception of water and trash and all units have their own gas and electric utility meters. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month. Buyer to independently verify all information.
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6BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
MAJOR PRICE REDUCTION!! Excellent opportunity to own 6 units (3 buildings, combined 4,104sf) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.5% Cap Rate and GRM 14.89 as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. Tenants pay all utilities with exception of water and trash and all units have their own gas and electric utility meters. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month. Buyer to independently verify all information. MAJOR PRICE REDUCTION!! Excellent opportunity to own 6 units (3 buildings, combined 4,104sf) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.5% Cap Rate and GRM 14.89 as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. Tenants pay all utilities with exception of water and trash and all units have their own gas and electric utility meters. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month. Buyer to independently verify all information.
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