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    207 N Savannah Street

    Los Angeles (City), CA 90033
    • $2,725,000
    • STATUS: Closed
    • ON SITE: 270 days
    • ID#: 19508660
    Sold - 02/21/2020
    $2,725,000
    SOLD - 02/21/2020
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Ratings & Info

    Description

    We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three bachelor units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. Current ownership has already completed the government required seismic retrofit work which saves a new investor substantially in capital and time. The subject property is located in the up-and-coming Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles. 207 North Savannah offers an investor the rare opportunity to add value to a vintage building in the heart of an emerging neighborhood. This area is predominately comprised of attractive single-family homes and surrounded by increasingly popular restaurants, retail and entertainment venues, which draws a wide range of creative professional tenants.

    Sold by Sean Rosenzweig of Marcus & Millichap.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-06T00:27:35.39. 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/98794195

    207 N Savannah Street Los Angeles (City), CA 90033

    • Price: $3,200,000
    • Status: Closed
    • ID#: 19508660
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    1932
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three bachelor units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. Current ownership has already completed the government required seismic retrofit work which saves a new investor substantially in capital and time. The subject property is located in the up-and-coming Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles. 207 North Savannah offers an investor the rare opportunity to add value to a vintage building in the heart of an emerging neighborhood. This area is predominately comprised of attractive single-family homes and surrounded by increasingly popular restaurants, retail and entertainment venues, which draws a wide range of creative professional tenants.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features CoveredGated Parking YN Yes

    Property Features

    Additional Parcels YN No Gross Income 194628.00 Gross Multiplier 16.44 Gross Operating Income 195645.00 Net Operating Income 91522.00 Senior Community YN No Special Listing Conditions Standard Zoning Lar2

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-06T00:27:35.39. 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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    Allison James Estates and Homes
    31213 Temecula Parkway
    Temecula CA, 92592