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Listing Details

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School Ratings & Info

Description

Three units potentially vacant at COE! Mixed use project in exciting Boyle Heights location needs new investor - fresh vision to complete repositioning and enjoy cash-flowing asset in growth area with proforma cap rate of 8.17% and GRM of 9.05. Property consists of 3 street level store fronts, 2 studio apartments (ground level) and 3 1b1b units (second floor), along with a stand alone 2b1b house. Three units potentially vacant at close of escrow (1 store front, 1 studio and 1 one bed one bath). High traffic location at signalized intersection just minutes to DTLA / Arts District with close proximity to Metro Goldline, Hollenbeck Park and Sixth St. Bridge Project. This neighborhood is at once historic and forward looking with significant development and reinvestment already underway, don't miss your chance to take part in the bright future of Boyle Heights. Potential portfolio sale with additional 7 unit mixed use offering across the street at 324 S. Fresno Street, and 4 units at 3007 E. 4th contact listing agent for details.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-19T16:42:46.147. 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.
www.jelmbergteam.com/homes/121387677
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3108 E 4Th St Los Angeles, CA 90063

  • Price: $1,295,000
  • Status: Active
  • Updated: 33 min ago
  • MLS #: 21-783004
5
Beds
0
Baths
0
½ Baths
0.13
Acres
4,508
SQFT
$287
$/SQFT
1923
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
Three units potentially vacant at COE! Mixed use project in exciting Boyle Heights location needs new investor - fresh vision to complete repositioning and enjoy cash-flowing asset in growth area with proforma cap rate of 8.17% and GRM of 9.05. Property consists of 3 street level store fronts, 2 studio apartments (ground level) and 3 1b1b units (second floor), along with a stand alone 2b1b house. Three units potentially vacant at close of escrow (1 store front, 1 studio and 1 one bed one bath). High traffic location at signalized intersection just minutes to DTLA / Arts District with close proximity to Metro Goldline, Hollenbeck Park and Sixth St. Bridge Project. This neighborhood is at once historic and forward looking with significant development and reinvestment already underway, don't miss your chance to take part in the bright future of Boyle Heights. Potential portfolio sale with additional 7 unit mixed use offering across the street at 324 S. Fresno Street, and 4 units at 3007 E. 4th contact listing agent for details.
Exterior Features

Lot Size Area 5671 Other Structures None Parking Garage Other Style Traditional Total Parking 4

Interior Features

Baths Total 9.00 Common Walls Attached Cooling None Equipment Other Heating Wall Laundry None

Property Features

Assessed Total Value 950000 Gross Income 117867 Gross Operating Income 114331 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 82160.00 Number Of Buildings 2 Number Of Units 9 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 32171 Type Of Units Mixed Use Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Joel Nass DRE#01954931 of Clint Lukens Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-19T16:42:46.147. 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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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211