$ 2,995,000
2611 E 4th ST Los Angeles, CA 90033
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$ 2,995,000
Est. payment | /mo
19 Beds
11 Baths
7,331 SqFt
$ 2,995,000
Est. payment | /mo
19 Beds
11 Baths
7,331 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,331 sqft
Price per Sqft $408
MLS Listing ID 24465335
Bedrooms 19
HOA Y/N No
Year Built 2023
Lot Size 6,246 Sqft
Property Description
I challenge you to find any multi-family these days in City of L.A. that has a true cap rate of 6.67 and a gross rent multiplier of 11.97. Never mind one that is brand new construction, in a good location, with ample parking and amenities such as rooftop decks with mountain views. Yet that is exactly what you are getting here at 2611 E 4th St! The rooftop decks, by the way, have proven to be a huge amenity, as they allow the tenant to entertain on a large scale in a highly aesthetic setting without disturbing other tenants on the premises. Delivered vacant, your tenants will be thrilled to pay the rents listed here, in dwellings that include very attractive finishes and layouts, all standard amenities including central heat and air, dishwasher and appliances. Also in unit laundry in each unit (washer/dryer not provided - hookups only.) All but one of the units will enjoy two car parking. As far as location, this property is a mile away from the 4th St Bridge that takes one right into the Art District, Little Tokyo and all other downtown venues. Not to mention that Boyle Hts itself, particularly this section of Boyle Hts, is truly burgeoning into one of LA's most charming and flourishing neighborhoods, in leaps and bounds. And this property is right in the thick of it all. Bottom line - as a landlord/property owner, you will thoroughly enjoy owning a property which not only cash flows, but will give you no headaches or unexpected expenses, being a brand new construction property, and tons of upside. Oh yes, forgot to mention that tenants pay for ALL utilities including water and trash. Oh, and one other very important thing - I have a lender who will give 30 yr fixed financing despite the fact the property is 5 units! Oh, and of course you can come see the property anytime. Looking forward to seeing you!
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAC1
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator
Exterior
Garage Carport, Garage, Gated, Tandem
Garage Spaces 6.0
Garage Description 6.0
Pool See Remarks
Total Parking Spaces 8
Building
Faces South
Story 3
Entry Level Three Or More
Architectural Style Contemporary
Level or Stories Three Or More
New Construction Yes
Others
Senior Community No
Tax ID 5180012032
Special Listing Condition Standard
Listed by Ken Shapiro • Silverwood Properties
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Dan Andrizzi
Broker-Associate | Lic# 01440387