220 S Boyle Street

    Los Angeles (City), CA 90033
    • $1,395,000
    • STATUS: Active
    • ON SITE: 129 days
    • ID#: 19475332
    UPDATED: 50 min ago
    $1,395,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,615
      SQFT
    • $386
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    *PRICE REDUCED BY $100,000 * Originally a 5-unit apartment building that is currently being operated as 7-units (5 units per the certificate of occupancy) with paperwork filed to legalize all 7 units. The property is completely vacant and is situated on a corner lot with parking located from two driveways. The property consists of two structures built in 1928 and 1899. The owner recently obtained paperwork from the city to convert the property to 7 legal units with one unit being designed affordable. There is also a possibility to make the property 8 legal units. Prospective buyer's are to investigate the requirements of converting the property from 5 legal units to 7 or 8 units through this program. The current unit mix consists of two units that are studios with a kitchen and one-bathroom, four one-bedrooms with one-bathroom, and one unit that is currently configured as a two-bedroom with one-bathroom, however, that unit could also be configured into a one-bedroom with a den.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T21:35:47.16. 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/95662898

    220 S Boyle Street Los Angeles (City), CA 90033

    • Price: $1,395,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 19475332
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,615
    SQFT
    $386
    $/SQFT
    1928
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    *PRICE REDUCED BY $100,000 * Originally a 5-unit apartment building that is currently being operated as 7-units (5 units per the certificate of occupancy) with paperwork filed to legalize all 7 units. The property is completely vacant and is situated on a corner lot with parking located from two driveways. The property consists of two structures built in 1928 and 1899. The owner recently obtained paperwork from the city to convert the property to 7 legal units with one unit being designed affordable. There is also a possibility to make the property 8 legal units. Prospective buyer's are to investigate the requirements of converting the property from 5 legal units to 7 or 8 units through this program. The current unit mix consists of two units that are studios with a kitchen and one-bathroom, four one-bedrooms with one-bathroom, and one unit that is currently configured as a two-bedroom with one-bathroom, however, that unit could also be configured into a one-bedroom with a den.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 6.84 Gross Multiplier 9.83 Gross Operating Income 141540.00 Improvements Amount 146006 Land Value 107983 Laundry YN Yes Net Operating Income 95403.00 Special Listing Conditions Standard Sprinklers YN No Total Expenses 40896.00 Zoning Lar4

    Listing provided courtesy of Brent Sprenkle of Berkadia


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T21:35:47.16. 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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