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    2416 E Boulder St

    Los Angeles, CA 90033
    • $1,249,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 21-714658
    Price Reduced
    UPDATED: 52 min ago
    $1,249,000
    • 6
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,696
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Pleased to present a solid 5-Unit income property in the booming Boyle Heights. Theres a total of 2 separate buildings on a 7000 Sq Ft lot Zoned R3- Tier 3 with alley access which allows multiple development opportunities. Front is a beautiful character four unit building with 2 bed & 1 bath each. Rear Building is a standalone SFR with 2 bed and 1 bath. Freshly painted, New landscape and palm trees, new windows and some fully remodeled units, Wrought iron fence around perimeter. Secure access, approximately 6 assigned parking spaces. this is a pandemic/recession proof investment, 4 out of 5 units receiving Sec 8 assistance of about 80% of the rent and generating steady cash flow, All tenants pay rent, No Covid-19 holdbacks. Ideal for any investor looking to add units to their portfolio with the benefit of owning a low maintenance property in a trendy and up and coming area with development opportunity. All units come with individual electric meters, gas is master meter which allows for 5% annual rent increase. Rapidly developing neighborhood has several new developments in the immediate area. Location is sought out by both families and working professionals due to it's proximity to Downtown Los Angeles.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. 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.
    www.markwiseproperties.com/homes/115977059
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    2416 E Boulder St Los Angeles, CA 90033

    • Price: $1,249,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 21-714658
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,696
    SQFT
    $266
    $/SQFT
    1922
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    Pleased to present a solid 5-Unit income property in the booming Boyle Heights. Theres a total of 2 separate buildings on a 7000 Sq Ft lot Zoned R3- Tier 3 with alley access which allows multiple development opportunities. Front is a beautiful character four unit building with 2 bed & 1 bath each. Rear Building is a standalone SFR with 2 bed and 1 bath. Freshly painted, New landscape and palm trees, new windows and some fully remodeled units, Wrought iron fence around perimeter. Secure access, approximately 6 assigned parking spaces. this is a pandemic/recession proof investment, 4 out of 5 units receiving Sec 8 assistance of about 80% of the rent and generating steady cash flow, All tenants pay rent, No Covid-19 holdbacks. Ideal for any investor looking to add units to their portfolio with the benefit of owning a low maintenance property in a trendy and up and coming area with development opportunity. All units come with individual electric meters, gas is master meter which allows for 5% annual rent increase. Rapidly developing neighborhood has several new developments in the immediate area. Location is sought out by both families and working professionals due to it's proximity to Downtown Los Angeles.
    Exterior Features

    Cross Streets Soto St Lot Size Area 7002 Other Structures None Parking Garage Driveway - ConcreteDriveway Gate Total Parking 6

    Interior Features

    Baths Total 5.00 Cooling Wall Unit(S) Equipment None Heating Natural GasWall

    Property Features

    Garage Income 200.00 Gross Income 8071 Gross Operating Income 96852 Insurance Expense 1550.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 78052.00 Number Of Buildings 2 Number Of Units 5 Owner Pays WaterGas Sale Type Standard Security Features GatedWindow Bars Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Trash CollectionElectricity Total Annual Expense 19350 Type Of Units Apartments Water Expense 3000.00 Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Ofer Halimi DRE#01324758 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. 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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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270