3560 Siskiyou St - Apartments FOR SALE


Los Angeles, CA 90023- Boyle Heights
$995,000 USD
310-968-6049
3560 Siskiyou St, Los Angeles, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

3560 Siskiyou St
Los Angeles, CA 90023
Boyle Heights


HIGHLIGHTS

  • Three single story detached homes located in the East Los Angeles/Boyle Heights Neighborhood
  • For sale for the first time in 23 years as it has been family owned, managed and operated for over two decades
  • High density zoned (LARD1.5) with triple frontage lot on an 8,715 square foot lot
  • Substantial rental upside potential of +/- 96%
  • This location is considered 'Very Walkable with an 85 Walk Score'
  • Conveniently located near the 5, 60 and 101 freeways

OVERVIEW

We are pleased to present three single story detached homes located in the East Los Angeles/Boyle Heights Neighborhood area. This property is being offered for sale for the first time in 23 years as it has been family owned, managed and operated for over two decades. Opportunity knocks to invest in this high density zoned (LARD1.5) with triple frontage lot on an 8,715 square foot lot. The three separate structures are outlined with a front house (3 bedroom + 1.5 bathroom, of 1,400 square foot and built in 1929), a middle cottage (2 bedroom + 1 bathroom, of 746 square foot and built in 1982**this unit is not subject to LA City RSO), and a rear cottage (2 bedroom + 1 bathroom, of 936 square foot and built in 1920). A new investor has substantial rental upside potential of +/- 96% with minimum expenses as these units are separately metered for gas and electricity. This location is considered 'Very Walkable with an 85 Walk Score'. Also, it is conveniently located near the 5, 60 and 101 freeways. Please note, this property is subject to Los Angeles City Rent Control (with the exception of 1 unit). Buyer to verify at their own expense. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the office. No showing appointments, all access is via offer subject to inspection. Please do not contact occupants, do not walk on property, drive by only.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

3

PRICE/UNIT

$331,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Single Story Units | Boyle Heights

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LARD1.5

APN/PARCEL ID

5188-015-007

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
310-968-6049

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