2611 4th St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$2,995,000 USD
818-237-6963
2611 4th St, Los Angeles, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/18
null | 6.67% Cap Rate

2611 4th St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Brand new construction in a good location
  • Ample off-street, gated, covered parking
  • Central Heat/AC
  • Rooftop decks with mountain views
  • Laundry Hookups in each unit

OVERVIEW

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 line - as a landlord/property owner, you will thoroughly enjoy owning a property which not only cash flows, but will give you no headaches or unexpected expenses, being a brand new construction property, and tons of upside. Oh yes, forgot to mention that tenants pay for ALL utilities including water and trash. Oh, and one other very important thing - I have a lender who will give 30 yr fixed financing despite the fact the property is 5 units! Oh, and of course you can come see the property anytime. An offering memorandum is available upon request. Looking forward to seeing you!

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

5

PRICE/UNIT

$599,000

CAP RATE

6.67%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,244 SF

ZONING

LAC1

APN/PARCEL ID

5180-012-032

ASK ABOUT THIS PROPERTY

Ken ShapiroSilverwood Properties, Inc.More Info
818-237-6963

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Ken ShapiroSilverwood Properties, Inc.More Info
818-237-6963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.