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    2416 E Boulder Street

    Los Angeles (City), CA 90033
    • $1,249,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 21714658
    Price Reduced
    UPDATED: 63 min ago
    $1,249,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,696
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Pleased to present a solid 5-Unit income property in the booming Boyle Heights. Theres a total of 2 separate buildings on a 7000 Sq Ft lot Zoned R3- Tier 3 with alley access which allows multiple development opportunities. Front is a beautiful character four unit building with 2 bed & 1 bath each. Rear Building is a standalone SFR with 2 bed and 1 bath. Freshly painted, New landscape and palm trees, new windows and some fully remodeled units, Wrought iron fence around perimeter. Secure access, approximately 6 assigned parking spaces. this is a pandemic/recession proof investment, 4 out of 5 units receiving Sec 8 assistance of about 80% of the rent and generating steady cash flow, All tenants pay rent, No Covid-19 holdbacks. Ideal for any investor looking to add units to their portfolio with the benefit of owning a low maintenance property in a trendy and up and coming area with development opportunity. All units come with individual electric meters, gas is master meter which allows for 5% annual rent increase. Rapidly developing neighborhood has several new developments in the immediate area. Location is sought out by both families and working professionals due to it's proximity to Downtown Los Angeles.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T18:38:41.617. 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/115978769
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    2416 E Boulder Street Los Angeles (City), CA 90033

    • Price: $1,249,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: 21714658
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,696
    SQFT
    $266
    $/SQFT
    1922
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    Pleased to present a solid 5-Unit income property in the booming Boyle Heights. Theres a total of 2 separate buildings on a 7000 Sq Ft lot Zoned R3- Tier 3 with alley access which allows multiple development opportunities. Front is a beautiful character four unit building with 2 bed & 1 bath each. Rear Building is a standalone SFR with 2 bed and 1 bath. Freshly painted, New landscape and palm trees, new windows and some fully remodeled units, Wrought iron fence around perimeter. Secure access, approximately 6 assigned parking spaces. this is a pandemic/recession proof investment, 4 out of 5 units receiving Sec 8 assistance of about 80% of the rent and generating steady cash flow, All tenants pay rent, No Covid-19 holdbacks. Ideal for any investor looking to add units to their portfolio with the benefit of owning a low maintenance property in a trendy and up and coming area with development opportunity. All units come with individual electric meters, gas is master meter which allows for 5% annual rent increase. Rapidly developing neighborhood has several new developments in the immediate area. Location is sought out by both families and working professionals due to it's proximity to Downtown Los Angeles.
    Exterior Features

    Parking Features Concrete

    Interior Features

    Heating Natural GasWall Furnace Heating YN Yes

    Property Features

    Community Features Gated Gross Income 8071 Insurance Expense 1550 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 78052 New Taxes Expense 13000 Security Features Gated CommunityWindow Bars Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityTrash Collection Vacancy Allowance Rate 0 Water Sewer Expense 3000 Zoning Lar3

    Listing provided courtesy of Ofer Halimi of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T18:38:41.617. 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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    Temecula CA, 92592