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963 S Lorena St

Los Angeles, CA 90023
  • $2,400,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 22-147423
UPDATED: 18 min ago
$2,400,000
  • 12
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,028
    SQFT
  • $477
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2020
County:

School Ratings & Info

Description

STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020. This 2-story, modern, energy efficient and low maintenance building is the best priced investment property in the area. Each unit is approx 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms. All four (4) units come with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. Tenants looking for proximity to the civic center will be approximately 3 miles from the Arts District and USC's Health Sciences campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101 and 10 freeways - all of these are within a mile of the property. Each unit is separately metered for water, gas and electricity. Tenant is responsible for all utility expenses and Owner is responsible for property tax and insurance. There is also on site parking for 8 cars (2 enclosed garages). Please text / email for more info.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T21:43:03.17. 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/127815508
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963 S Lorena St Los Angeles, CA 90023

  • Price: $2,400,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 18 min ago
  • MLS #: 22-147423
12
Beds
0
Baths
0
½ Baths
0.13
Acres
5,028
SQFT
$477
$/SQFT
2020
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020. This 2-story, modern, energy efficient and low maintenance building is the best priced investment property in the area. Each unit is approx 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms. All four (4) units come with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. Tenants looking for proximity to the civic center will be approximately 3 miles from the Arts District and USC's Health Sciences campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101 and 10 freeways - all of these are within a mile of the property. Each unit is separately metered for water, gas and electricity. Tenant is responsible for all utility expenses and Owner is responsible for property tax and insurance. There is also on site parking for 8 cars (2 enclosed garages). Please text / email for more info.
Exterior Features

Covered Parking 4 Lot Size Area 5777 Other Structures Other Parking Garage AssignedGarage Is AttachedTandem Paved YN Yes Pool Description None Pool YN No Roof Concrete Spa None Spa YN No Style Contemporary Tennis Court None Total Parking 8 View Description CityCity Lights View YN Yes

Interior Features

Baths Total 12.00 Common Walls Attached Cooking Appliances Built-In GasMicrowaveOvenRange Cooling Central Den No Dining Room No Equipment DishwasherDryerGarbage DisposalMicrowaveRange/OvenRefrigeratorWasher Family Room Yes Fireplace Rooms None Flooring Laminate Heating Central Laundry In Unit Laundry Equipment Own Rooms 2nd Story Family RoomMaster BedroomWalk-In Closet Water Heater Features Tankless Windows Double Pane WindowsWindow BlindsScreens

Property Features

Alley YN Yes Assessed Total Value 1905000 Gross Income 144000 Gross Operating Income 144000 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 106080.00 Number Of Buildings 2 Number Of Units 4 Property Condition New Construction Rent Control YN No Sale Type Standard Security Features Exterior Security LightsGatedSmoke DetectorFire Sprinklers Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 37920 Type Of Units Duplex Water Heaters YN Yes Year Built Source Builder Zoning Lard1.5

Listing provided courtesy of Hong Robert Yun DRE#01854449 of Net Properties.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T21:43:03.17. 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