3632 Percy Street

    Los Angeles (City), CA 90023
    • $2,599,950
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: CV19131393
    UPDATED: 18 min ago
    $2,599,950
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,462
      SQFT
    • $402
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    Description

    AMAZING BRAND NEW CONSTRUCTION LUXURIOUS 6 UNITS TOWNHOUSE STYLE APARTMENT: This bustling Boyle Heights neighborhood is just a few minutes to downtown LA. and conveniently located on the crossroads of Fwys 60, 5, 10 and 101; very close to the USC Medical Center and LACSU. This property consists of 3 identical duplex buildings built with upgraded interior finishes and quality fixtures, laminate wood floors, modern kitchen counters and cabinets and complete with quality stainless steel appliances including refrigerator/washer/dryer for each unit. This complex is more than just an apartment living, it provide occupants with sense of pride and satisfaction in trendy hip setting that a new built luxury townhouse style apartment can offer. Steps to nearby schools & park, public transport spots and great restaurants nearby, this neighborhood is vibrant and has great Mariachi entertainments at the town square. There is a 2car parking spaces per unit and a back alley access. For the savvy investor, this complex offers an attractive projected Cap Rate of 5.28 and GRM of 13.34. All units have each own meters for electric, gas and water and tenant pays all utilities including trash. As a new construction, repairs and maintenance should be down also to the minimum cost over a good span of years. Make the move now to make this nice property be part of your investment portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T14:35:59.57. 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/95647329

    3632 Percy Street Los Angeles (City), CA 90023

    • Price: $2,599,950
    • Status: Active
    • Updated: 18 min ago
    • ID#: CV19131393
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    6,462
    SQFT
    $402
    $/SQFT
    2018
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    AMAZING BRAND NEW CONSTRUCTION LUXURIOUS 6 UNITS TOWNHOUSE STYLE APARTMENT: This bustling Boyle Heights neighborhood is just a few minutes to downtown LA. and conveniently located on the crossroads of Fwys 60, 5, 10 and 101; very close to the USC Medical Center and LACSU. This property consists of 3 identical duplex buildings built with upgraded interior finishes and quality fixtures, laminate wood floors, modern kitchen counters and cabinets and complete with quality stainless steel appliances including refrigerator/washer/dryer for each unit. This complex is more than just an apartment living, it provide occupants with sense of pride and satisfaction in trendy hip setting that a new built luxury townhouse style apartment can offer. Steps to nearby schools & park, public transport spots and great restaurants nearby, this neighborhood is vibrant and has great Mariachi entertainments at the town square. There is a 2car parking spaces per unit and a back alley access. For the savvy investor, this complex offers an attractive projected Cap Rate of 5.28 and GRM of 13.34. All units have each own meters for electric, gas and water and tenant pays all utilities including trash. As a new construction, repairs and maintenance should be down also to the minimum cost over a good span of years. Make the move now to make this nice property be part of your investment portfolio.
    Exterior Features

    Architectural Style Contemporary Garage Spaces 0.00 Lot Features Level With StreetLot 6500-9999Near Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Gas & Electric Dryer HookupInsideWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.28 Community Features Street LightsUrban Country Us Elevation Units Feet Gross Income 0.00 Gross Multiplier 13.34 Gross Operating Income 185136.00 Gross Scheduled Income 194880.00 Insurance Expense 2585.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1500.00 Net Operating Income 137455.00 New Construction YN Yes New Taxes Expense 31460.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 7 Number Of Units Leased 6 Number With Dishwasher 6 Number With Disposal 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 47681.00 Other Expense 3231.00 Other Expense Description Reserve Professional Management Expense 7405.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 16240.00 Total Expenses 47681.00 Trash Expense 0.00 Vacancy Allowance 9744 Vacancy Allowance Rate 5.00 Water Sewer Expense 1500.00 Water Source Public Year Built Source Builder Zoning Lard1.5

    Listing provided courtesy of Arnold Ver of Re/Max 2000 Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T14:35:59.57. 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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