Los Angeles CA  home offered at $1,850,000 

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

 

118 N Breed Street
Los Angeles, California CA 90033
Sold For: $1,597,500
Listing ID: DW22182855
Price/SqFt: $269.21
Status: Closed
Sold Date: 8/01/2023
SqFt: 5,934 Sq Ft
Acres: 0.191 Acres
Year Built: 1959

All roads lead to Boyle Heights. An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 18-unit multi parcel investment income property with parking that was built in 1959 is now on the market for the first time in 50 years. Located only 3 miles east of Downtown and 3 miles to Los Angeles with easy accesses to major freeways such as the 5 and 10 and 101. Boyle Heights' mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renters' desire to live with the community being 75% of residents are renters. All schools Breed st elementary, Hollenbeck middle and Rosevelt High School are within walking distance as are major parks Ross Valencia Community Park and Historical Hollenbeck Park. The signs of gentrification are clear as new developments and companies moving into the area, Boyle Heights.118 & 120-122 N Breed St is a 2 parcel 3 building 18-unit property with ample parking. With a mix consisting of 118 N Breed St Is 10 units 2-bedroom 1 bath each. 120 N Breed St is a 4-unit 2-bedroom 1 bath each.122 N Breed St is 4 units 3-bedroom 1 bath each. Total of 40 bedrooms 18 bath, This amazing opportunity very close to Metro, Bus within walking distance. Police station and fire department walking distance. Metro connects to Los Angeles and many other cities. USC Medical Center only (1.3 mi) White Memorial Hospital only (0.8 mi).

Primary Features

County: Los Angeles
Price Reduction Date: 2023-02-15T00:01:34+00:00
Price/SqFt: 269.21
Property Sub Type: Apartment
Property Type: Residential Income
Year Built: 1959

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Cooling: no
Cooling Type: None
Fireplace: no
Fireplace Features: None
Heating: yes
Heating Type: Floor Furnace
Laundry: no
Laundry Features: None

External

Lot Features: 36-40 Units/Acre
Lot Size Area: 8309
Lot Size Source: Assessor
Lot Size Square Feet: 8309
Number Of Buildings: 1
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: BOYH - Boyle Heights

Additional

Additional Parcels: no
Co List Agent State License: 02010148
Co List Office State License: 01701696
Community Features: Park, Street Lights
Days On Market: 277
List Agent State License: 01701696
List Office State License: 01701696
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 18
Number Of Separate Gas Meters: 18
Number Of Separate Water Meters: 2
Number Of Units Total: 10
Parcel Number: 5183005011
Senior Community: no
Year Built Source: Assessor

Financial

Electric Expense: 980
Gross Scheduled Income: 133344
Land Lease: no
Net Operating Income: 110000
Operating Expense: 23000
Price Per Unit: 185000
Professional Management Expense: 7200
Rent Control: yes
Special Listing Conditions: Trust
Tax Lot: 1.9
Tax Tract Number: n/a
Total Expenses: 23000
Trash Expense: 7200
Water Sewer Expense: 8600

Zoning Info


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Based on information from CARETS as of Thursday, March 28th, 2024 11:53:05 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including 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.
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Listed by: AmparoGastelum, DRE #01701696 from Max Real Estate 562-445-7375

Contact - Listing ID DW22182855

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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