447 S State Street

    Los Angeles (City), CA 90033
    • $1,039,000
    • STATUS: Active
    • ON SITE: 129 days
    • ID#: 18364552
    UPDATED: 50 min ago
    $1,039,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,275
      SQFT
    • $457
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    It's not often these days one finds on the MLS a high quality multi-family property that actually cash flows. Yet, that is exactly what we are offering to you here! This Boyle Hts triplex consists of two 2 bed 2 bath 850 sq ft units and one large 1 bed 1 bath unit, all of which have been renovated to a high standard. They each have hardwood floors, central heat and air, and full kitchen appliances. There is also enough parking for two cars for each unit, as well as plenty of usable yard. This property is only two blocks away from Mariachi Plaza and a half mile from the 4th St Bridge that takes one right into the Art District. All units are currently being airbnb'd (grossing about $9300/mo total) and can all be delivered vacant upon request by new owner.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T08:28:17.697. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/85601529

    447 S State Street Los Angeles (City), CA 90033

    • Price: $1,039,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 18364552
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,275
    SQFT
    $457
    $/SQFT
    1949
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    It's not often these days one finds on the MLS a high quality multi-family property that actually cash flows. Yet, that is exactly what we are offering to you here! This Boyle Hts triplex consists of two 2 bed 2 bath 850 sq ft units and one large 1 bed 1 bath unit, all of which have been renovated to a high standard. They each have hardwood floors, central heat and air, and full kitchen appliances. There is also enough parking for two cars for each unit, as well as plenty of usable yard. This property is only two blocks away from Mariachi Plaza and a half mile from the 4th St Bridge that takes one right into the Art District. All units are currently being airbnb'd (grossing about $9300/mo total) and can all be delivered vacant upon request by new owner.
    Exterior Features

    Lot Size Units Square Feet Parking Features AssignedSide By SideParking Space Parking YN Yes

    Interior Features

    Cooling Central Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.55 Gross Multiplier 12.60 Gross Operating Income 84000.00 Improvements Amount 230000 Land Value 300000 Laundry YN Yes Net Operating Income 58800.00 Special Listing Conditions Standard Total Expenses 25200.00 Zoning Lar2

    Listing provided courtesy of Ken Shapiro of Silverwood Properties.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T08:28:17.697. 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. Licensed in the State of California, USA.
     
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    Irvine CA, 92604