Los Angeles CA  home offered at $4,150,000 

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


2402 CHELSEA Street
Los Angeles, California CA 90033
Price: $4,150,000
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Listing ID: 19431052
Price/SqFt: $456.24
Status: Pending
SqFt: 9,096 Sq Ft
Acres: 0.376 Acres
Year Built: 1929

We proudly present the exclusive listing 2402 Chelsea St and 1216 N Soto St. Los Angeles, CA 90033. This unique property is master leased by a Los Angeles City Housing Affiliate for 5 years for a total monthly rent of $27,999. Additionally, the Property sits in a Qualified Opportunity Zone, which provides investors advantageous tax benefits. The property consists of 17 units with a mix of (1+1). The interior of each unit has been significantly updated and renovated including new hardwood flooring, brand new modern appliances, updated copper plumbing, lighting fixtures, open spacious floor plans and washer / dryer hookups, which are available for all units. The exterior of the buildings has also been upgraded with extensive paint and stucco work, considerable concrete ground work throughout, new fencing, upgraded vinyl retrofitted windows and extensive plumbing and electrical upgrades.

Primary Features

County: Los Angeles
Lot Features: Sprinklers None
MLS Area Major: BOYH - Boyle Heights
Special Listing Conditions: Standard
Year Built: 1929
Zoning: LARD1.5


Lot Size Source: See Remarks
Lot Size Units: Square Feet
Number Of Units Total: 17

Interior Features

Appliances: Refrigerator, Freezer
Appliances: yes
Stories Total: 2

Financial Details

Gross Multiplier: 12.16
Gross Operating Income: 341148
Net Operating Income: 246496
Total Expenses: 94652

External Features

Lot Size Area: 16388
Lot Size Square Feet: 16388
Number Of Buildings: 4
Parking Features: Uncovered
Parking: yes

Location Information

Zoning Info

© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Zachary Freehling from Coldwell Banker Residential Br . Last updated Wednesday, June 19th, 2019.

Contact - Listing ID 19431052

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

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