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    2204 Wall Street

    Los Angeles (City), CA 90011
    • $1,899,000
    • STATUS: Active
    • ON SITE: 85 days
    • ID#: PW21016475
    UPDATED: 148 min ago
    $1,899,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,238
      SQFT
    • $363
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION!6.45% CAP RATE NEWLY constructed triplex in the Heart of LA. Beautiful & modern, the front unit consists of one massive single family homeoffering 5 bds & 3 bths. It boasts an open concept 1st floor w/ direct access to the 1 car garage, guest bathroom, huge bedroom and modernkitchen with decorative backsplash, quartz counters & open shelving. Upstairs, 4 more bdrms washer/dryer closet and 2 bathrooms. The masterbedroom has dual closets a balcony with views of downtown LA and en suite bathroom. The back duplex is a towering 3 story layout with 4 bds and3 bths in a townhouse style side-by-side configuration. Each unit boasts direct access to their own large tandem 2 car garage. The 2nd floor has aunique open concept layout that encompasses your kitchen and living space. As you go up the modern staircase, the top level has 3 large bedrooms,two of which are Masters with their own ensuite restrooms. Next door is the exact mirror image unit! All units come with central heat, lux laminateflooring for easy maintenance, grey on trend finishes and drought friendly landscaping. This property would easily be the crown jewel of anyinvestors' portfolio. Units are fully leased through mid 2022! That means guaranteed income and almost zero maintenance to owner. Above mark rents are being collected due to the premier building quality, ease of access and central LA location.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-21T13:40:22.333. 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/113626464
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    2204 Wall Street Los Angeles (City), CA 90011

    • Price: $1,899,000
    • Status: Active
    • Updated: 148 min ago
    • ID#: PW21016475
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,238
    SQFT
    $363
    $/SQFT
    2020
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    HUGE PRICE REDUCTION!6.45% CAP RATE NEWLY constructed triplex in the Heart of LA. Beautiful & modern, the front unit consists of one massive single family homeoffering 5 bds & 3 bths. It boasts an open concept 1st floor w/ direct access to the 1 car garage, guest bathroom, huge bedroom and modernkitchen with decorative backsplash, quartz counters & open shelving. Upstairs, 4 more bdrms washer/dryer closet and 2 bathrooms. The masterbedroom has dual closets a balcony with views of downtown LA and en suite bathroom. The back duplex is a towering 3 story layout with 4 bds and3 bths in a townhouse style side-by-side configuration. Each unit boasts direct access to their own large tandem 2 car garage. The 2nd floor has aunique open concept layout that encompasses your kitchen and living space. As you go up the modern staircase, the top level has 3 large bedrooms,two of which are Masters with their own ensuite restrooms. Next door is the exact mirror image unit! All units come with central heat, lux laminateflooring for easy maintenance, grey on trend finishes and drought friendly landscaping. This property would easily be the crown jewel of anyinvestors' portfolio. Units are fully leased through mid 2022! That means guaranteed income and almost zero maintenance to owner. Above mark rents are being collected due to the premier building quality, ease of access and central LA location.
    Exterior Features

    Architectural Style Modern Construction Materials Stucco Fencing New Condition Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Open Parking Spaces 2 Parking Features Direct AccessGarageTandem Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Common Walls 1 Common Wall Fireplace Features None Fireplace YN No Flooring Laminate Heating Central Heating YN Yes Interior Features BalconyHigh CeilingsOpen FloorplanRecessed LightingTandemBedroom On Main Level Window Features Energy Star Qualified Windows

    Property Features

    Additional Parcels YN No Cap Rate 6.45 Common Interest None Community Features Street LightsUrban Garage YN Yes Gross Income 150000 Gross Scheduled Income 150000 Insurance Expense 2350 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeFha Maintenance Expense 2000 Net Operating Income 121798 New Construction YN Yes New Taxes Expense 23402 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Operating Expense 28202 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 12500 Trash Expense 450 Vacancy Allowance Rate 4 Water Source Public Zoning Lard2

    Listing provided courtesy of Sonia Ramirez of Alta Mira Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-21T13:40:22.333. 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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