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$2,695,000
Est. payment /mo
7,331 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,331 sqft
Price per Sqft $367
MLS Listing ID CL24465335
HOA Y/N No
Year Built 2023
Lot Size 6,246 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
I challenge you to find any multi-family these days in City of L.A. that has a true cap rate of 6.67 and a gross rent multiplier of 11.97. Never mind one that is brand new construction, in a good location, with ample parking and amenities such as rooftop decks with mountain views. Yet that is exactly what you are getting here at 2611 E 4th St! The rooftop decks, by the way, have proven to be a huge amenity, as they allow the tenant to entertain on a large scale in a highly aesthetic setting without disturbing other tenants on the premises. Delivered vacant, your tenants will be thrilled to pay the rents listed here, in dwellings that include very attractive finishes and layouts, all standard amenities including central heat and air, dishwasher and appliances. Also in unit laundry in each unit (washer/dryer not provided - hookups only.) All but one of the units will enjoy two car parking. As far as location, this property is a mile away from the 4th St Bridge that takes one right into the Art District, Little Tokyo and all other downtown venues. Not to mention that Boyle Hts itself, particularly this section of Boyle Hts, is truly burgeoning into one of LA's most charming and flourishing neighborhoods, in leaps and bounds. And this property is right in the thick of it all. Bottom
Location
State CA
County Los Angeles
Zoning LAC1
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
New Construction No
Others
Tax ID 5180012032
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Listed by Ken Shapiro • Silverwood Properties