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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,595,000

Est. payment - /mo

8,938 Sqft Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26127927

Construction Status Turnkey

HOA Y/N No

Year Built 2017

Lot Size 8,938 Sqft

Property Sub-Type Apartment

Property Description

Huge newer construction Boyle Heights single parcel 6 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + previously RTI plans for (2) 1 Bed “Tiny Home” ADUs. Constructed in 2017, the property is exempt from LA RSO and CA Statewide AB1482 rent control. Luxury newer construction finishes and features include in-unit laundry, stainless appliances with microwaves, dishwashers, and fridges, recessed
overhead lighting, central AC, vaulted ceilings and balconies in upper units, vinyl plank flooring, master suites, fire sprinklers, modern open concept floor plans, and new landscaping. All utilities are separately metered leaving zero utility expenses for the owner. High yield, low expense property at a true in-place cap rate of 6.2% on proven actuals and a GRM of 11.49 plus upside to 9.7X GRM and a 7.7% cap rate after ADU construction. Very well parked with 10 parking spaces plus additional driveway parking.

Conveniently located in Boyle Heights just 2 miles to Downtown LA Arts District across the 6th Street Bridge. Walk to LA Metro Gold Line for direct access to Metro Center. Directly across the street from Stevenson Middle School. 3.5 Miles to Keck USC Hospital. 4 Miles to Cal State LA. 6 Miles to Dodger Stadium. 7.5 Miles to USC. Close access to the 5, 10, 60, and 710 freeways.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Microwave, Refrigerator

Laundry Inside, Laundry Closet

Exterior

Parking Features Driveway

Fence Block, Wood, Wrought Iron

Pool None

Community Features Urban

View Y/N No

View None

Roof Type Composition

Accessibility None

Total Parking Spaces 10

Private Pool No

Building

Lot Description Rectangular Lot

Faces North

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5188008015

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Anthony Walker Buckingham Investments, Inc 310-561-4776, DRE #01908153

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