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    1404 1406 Warren Street

    Los Angeles (City), CA 90033
    • $1,750,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: 21718072
    UPDATED: 69 min ago
    $1,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,034
      SQFT
    • $434
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    We are pleased to present 1404-1408 Warren St an eight (8) unit multifamily investment opportunity located in one of the most highly desirable neighborhoods in Boyle Heights. This property consists of side-by-side wood frame stucco Quadraplexes on two separate APNs zoned LARD1.5. 1404 Warren St consists of 2,064 SF of living area on a 3,726 SF lot and 1408 Warren St consists of 1,970 SF of living area on a 3,729 SF lot. These properties feature: One (1) One Bedroom / One Bath + Den unit and Seven (7) One Bedroom / One Bath units all individually metered for gas and electricity. The property provides 8 parking spaces for the tenants and will be delivered with one unit vacant at COE. This asset has been well maintained and cared for with a number of renovations to maximize the properties potential. 1408 Warren St was converted from a duplex into a 4 unit property in 2003 with all work done with permits. 6 of the 8 units have also been remodeled. This sale presents an incredible opportunity for a new owner/investor to own a stabilized asset located on a quiet and charming street in prime Boyle Heights. This asset provides ample parking for the tenants along with units that are in high rental demand. Also located in a State Enterprise Zone and Opportunity Zone, these properties could allow for potential tax incentives(Buyer to Verify).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T17:38:37.55. 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/116083390
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    1404 1406 Warren Street Los Angeles (City), CA 90033

    • Price: $1,750,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 21718072
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,034
    SQFT
    $434
    $/SQFT
    1905
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    We are pleased to present 1404-1408 Warren St an eight (8) unit multifamily investment opportunity located in one of the most highly desirable neighborhoods in Boyle Heights. This property consists of side-by-side wood frame stucco Quadraplexes on two separate APNs zoned LARD1.5. 1404 Warren St consists of 2,064 SF of living area on a 3,726 SF lot and 1408 Warren St consists of 1,970 SF of living area on a 3,729 SF lot. These properties feature: One (1) One Bedroom / One Bath + Den unit and Seven (7) One Bedroom / One Bath units all individually metered for gas and electricity. The property provides 8 parking spaces for the tenants and will be delivered with one unit vacant at COE. This asset has been well maintained and cared for with a number of renovations to maximize the properties potential. 1408 Warren St was converted from a duplex into a 4 unit property in 2003 with all work done with permits. 6 of the 8 units have also been remodeled. This sale presents an incredible opportunity for a new owner/investor to own a stabilized asset located on a quiet and charming street in prime Boyle Heights. This asset provides ample parking for the tenants along with units that are in high rental demand. Also located in a State Enterprise Zone and Opportunity Zone, these properties could allow for potential tax incentives(Buyer to Verify).
    Exterior Features

    Parking Features DrivewaySide By SideUncovered

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 134463 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 87603 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5

    Listing provided courtesy of Derrick Vartanian of Keller Williams Silicon Beach and Jonathan Prakash of Keller Williams Silicon Beach


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T17:38:37.55. 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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