Outstanding opportunity at over 7% Cap Rate on current income. The spacious front house has been fully gutted and remodeled, and can be delivered vacant or rented at $4,800. The 4-plex behind it has also undergone extensive renovations and consists of four 1-bedroom units with rents of $1,990, $1,918, $951,… Read More and $715. The large 7,470 Sq. Ft. lot provides ample on-site parking for residents. This renovated property offers an excellent layout for an owner-user or investment property, featuring a detached front house and a separate 4-plex at the rear, all situated on a single lot. ***Located in a sought-after area of Boyle Heights, this property sits on a quiet cul-de-sac in a residential neighborhood, close to parks, restaurants, medical facilities, public transportation, and offers easy access to freeways. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Olga Wright 3108017373
Listing Snapshot
Days Online
57
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1895
MLS Number
SB24241731
30 Days Snapshot Of 90033
$809k
+17%
(avg) sold price
1
-50%
home sold
30
-31%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1895, Building area total: 3,044, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
StreetLights, Sidewalks, Urban
Expenses
Gardener expense: $1,200, Insurance expense: $2,892, Maintenance expense: $3,250, New taxes expense: $14,875, Operating expense: $27,217, Water sewer expense: $5,000
Income
Gross income: $124,488, Net operating income: $93,536
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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