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122 N Breed Street

Los Angeles (City), CA 90033
  • $1,850,000
  • STATUS: Active
  • ON SITE: 289 Days
  • ID#: DW22183109
UPDATED: 28 min ago
$1,850,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Amparo Gastelum of Max Real Estate (562-445-7375) and Jessica Gastelum of Max Real Estate(562-445-7375)


Description

All roads lead to Boyle Heights. An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 18-unit multi parcel investment income property with parking that was built in 1959 is now on the market for the first time in 50 years. Located only 3 miles east of Downtown and 3 miles to Los Angeles with easy accesses to major freeways such as the 5 and 10 and 101. Boyle Heights' mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renters' desire to live with the community being 75% of residents are renters. All schools Breed st elementary, Hollenbeck middle and Rosevelt High School are within walking distance as are major parks Ross Valencia Community Park and Historical Hollenbeck Park. The signs of gentrification are clear as new developments and companies moving into the area, Boyle Heights.118 & 120-122 N Breed St is a 2 parcel 3 building 18-unit property with ample parking. With a mix consisting of 118 N Breed St Is 10 units 2-bedroom 1 bath each. 120 N Breed St is a 4-unit 2-bedroom 1 bath each.122 N Breed St is 4 units 3-bedroom 1 bath each. Total of 40 bedrooms 18 bath, This amazing opportunity very close to Metro, Bus within walking distance. Police station and fire department walking distance. Metro connects to Los Angeles and many other cities. USC Medical Center only (1.3 mi) White Memorial Hospital only (0.8 mi).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-04T00:27:58.6. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/132280833
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122 N Breed Street Los Angeles (City), CA 90033

  • Price: $1,850,000
  • Status: Active
  • On Site: 289 Days
  • Updated: 28 min ago
  • ID#: DW22183109
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1959
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
All roads lead to Boyle Heights. An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 18-unit multi parcel investment income property with parking that was built in 1959 is now on the market for the first time in 50 years. Located only 3 miles east of Downtown and 3 miles to Los Angeles with easy accesses to major freeways such as the 5 and 10 and 101. Boyle Heights' mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renters' desire to live with the community being 75% of residents are renters. All schools Breed st elementary, Hollenbeck middle and Rosevelt High School are within walking distance as are major parks Ross Valencia Community Park and Historical Hollenbeck Park. The signs of gentrification are clear as new developments and companies moving into the area, Boyle Heights.118 & 120-122 N Breed St is a 2 parcel 3 building 18-unit property with ample parking. With a mix consisting of 118 N Breed St Is 10 units 2-bedroom 1 bath each. 120 N Breed St is a 4-unit 2-bedroom 1 bath each.122 N Breed St is 4 units 3-bedroom 1 bath each. Total of 40 bedrooms 18 bath, This amazing opportunity very close to Metro, Bus within walking distance. Police station and fire department walking distance. Metro connects to Los Angeles and many other cities. USC Medical Center only (1.3 mi) White Memorial Hospital only (0.8 mi).
Exterior Features

Lot Features 26-30 Units/Acre Number Of Separate Electric Meters 8 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Street Lights Contingency Seller Would Like To Sell The 2 Parcels Together. Electric Expense 1800 Garage YN No Gross Income 133000 Gross Scheduled Income 133000 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 90000 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 2 Operating Expense 43000 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Trash Expense 7200 Water Sewer Expense 8600 Water Source Public Zoning R4



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-04T00:27:58.6. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Amparo Gastelum of Max Real Estate (562-445-7375) and Jessica Gastelum of Max Real Estate(562-445-7375)