461 S Savannah Street

    Los Angeles (City), CA 90033
    • $1,150,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: 19508676
    $1,150,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,960
      SQFT
    • $290
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are pleased to present for sale a unique value-add opportunity located at 461 South Savannah Street. The six unit building is comprised of all two-bedroom/one-bath units. This property is located in the up-and-coming Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles. 461 South 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. 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/98794165

    461 S Savannah Street Los Angeles (City), CA 90033

    • Price: $1,150,000
    • Status: Active
    • ID#: 19508676
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,960
    SQFT
    $290
    $/SQFT
    1962
    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 461 South Savannah Street. The six unit building is comprised of all two-bedroom/one-bath units. This property is located in the up-and-coming Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles. 461 South 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 YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 2.16 Gross Multiplier 18.45 Gross Operating Income 62742.00 Improvements Amount 275002 Land Value 94890 Laundry YN Yes Net Operating Income 24787.00 Special Listing Conditions Standard Total Expenses 36085.00 Zoning Lard1.5

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. 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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