Los Angeles CA  home offered at $990,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

447 S STATE Street
Los Angeles, California CA 90033
Price: $990,000
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Listing ID: 18364552
Price/SqFt: $435.16
Status: Active
SqFt: 2,275 Sq Ft
Acres: 0.134 Acres
Year Built: 1949

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.

Primary Features

Cooling Type: Central Air
County: Los Angeles
MLS Area Major: BOYH - Boyle Heights
Special Listing Conditions: Standard
Year Built: 1949
Zoning: LAR2

Additional

Laundry Features: See Remarks
Laundry: yes
Lot Size Units: Square Feet
Number Of Units Total: 3

Interior Features

Cooling: yes

Financial Details

Cap Rate: 5.55
Gross Multiplier: 12.6
Gross Operating Income: 84000
Improvements Amount: 230000
Land Value: 300000
Net Operating Income: 58800
Total Expenses: 25200

External Features

Lot Size Area: 5845
Lot Size Square Feet: 5845
Number Of Buildings: 1
Parking Features: Assigned, Side by Side, Parking Space
Parking: yes

Location Information

Zoning Info


© 2019. The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Listing courtesy of Ken Shapiro from Silverwood Properties . Last updated Thursday, April 18th, 2019.

Contact - Listing ID 18364552

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

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