2014 Michigan Avenue

    Los Angeles (City), CA 90033
    • $1,049,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: 19518464
    UPDATED: 21 min ago
    $1,049,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,643
      SQFT
    • $288
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Gentrifying location in arguably the best part of Boyle Heights, Excellent Unit Mix, Laundry Onsite, Parking Onsite. Ideal for Investment - 5.5% Cap Rate! 7.2% Proforma Cap Rate! 10.2% cash on cash return with an I/O loan at 3.5% interest rate. Also ideal for Owner-User - the 3 br/2 bath unit can be delivered vacant! Eligible for 30-year fixed FHA financing!, **2 of the units built ~2012 not subject to rent increase limitations. Minimal Expense Property!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T22:34:36.36. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99680495

    2014 Michigan Avenue Los Angeles (City), CA 90033

    • Price: $1,049,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: 19518464
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,643
    SQFT
    $288
    $/SQFT
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    Gentrifying location in arguably the best part of Boyle Heights, Excellent Unit Mix, Laundry Onsite, Parking Onsite. Ideal for Investment - 5.5% Cap Rate! 7.2% Proforma Cap Rate! 10.2% cash on cash return with an I/O loan at 3.5% interest rate. Also ideal for Owner-User - the 3 br/2 bath unit can be delivered vacant! Eligible for 30-year fixed FHA financing!, **2 of the units built ~2012 not subject to rent increase limitations. Minimal Expense Property!
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.50 Gross Multiplier 13.00 Gross Operating Income 80500.00 Laundry YN Yes Net Operating Income 57765.00 Special Listing Conditions Standard Total Expenses 20382.00 Zoning Lard1.5

    Listing provided courtesy of Ardy Ishal of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T22:34:36.36. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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