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Listing Details

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School Ratings & Info

Description

Back on the market - Brand New Construction! Four new, townhouse style rental units collecting $171,600/year. Certificate of occupancy is ready to go. All 4 units are fully leased at market rate with great cash flow. This one of a kind three-story multi-family townhouse style construction that rests on a large, 7,874 sf lot. All units have attached garages and are individually metered for all utilities such as water, gas, and electric. Owner/Landlord has ZERO utility expense! All units include new appliances consisting of stainless steel refrigerator, dishwasher, in unit washer and dryer, stove and microwave hood. Other features include Central A/C and Heating, Private Patios, 4 separate garages under each unit, and remote access gate at the entrance of the property. These units are extremely energy efficient and can be marketed as such. All units include high efficiency HVAC, LED lighting, a rain water capture system and energy efficient appliances. This building is centrally located which means tenants will be plentiful. This prime location of Boyle Heights approximately 3 miles from Downtown Los Angeles, the Arts District and USC's Health Sciences campus, and 4 miles from Cal State Los Angeles and East Los Angeles College and the Citadel Outlets.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-21T06:43:23.89. 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/118917055
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3320 E 6Th St Los Angeles, CA 90023

  • Price: $2,585,000
  • Status: Active
  • Updated: 18 min ago
  • MLS #: 21-752740
17
Beds
0
Baths
0
½ Baths
0.17
Acres
5,881
SQFT
$440
$/SQFT
2021
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
Back on the market - Brand New Construction! Four new, townhouse style rental units collecting $171,600/year. Certificate of occupancy is ready to go. All 4 units are fully leased at market rate with great cash flow. This one of a kind three-story multi-family townhouse style construction that rests on a large, 7,874 sf lot. All units have attached garages and are individually metered for all utilities such as water, gas, and electric. Owner/Landlord has ZERO utility expense! All units include new appliances consisting of stainless steel refrigerator, dishwasher, in unit washer and dryer, stove and microwave hood. Other features include Central A/C and Heating, Private Patios, 4 separate garages under each unit, and remote access gate at the entrance of the property. These units are extremely energy efficient and can be marketed as such. All units include high efficiency HVAC, LED lighting, a rain water capture system and energy efficient appliances. This building is centrally located which means tenants will be plentiful. This prime location of Boyle Heights approximately 3 miles from Downtown Los Angeles, the Arts District and USC's Health Sciences campus, and 4 miles from Cal State Los Angeles and East Los Angeles College and the Citadel Outlets.
Exterior Features

Covered Parking 7 Lot Size Area 7559 Other Structures None Parking Garage Controlled Entrance Pool Description Fenced Pool YN Yes Roof Flat Style Contemporary Total Parking 10 View Description None View YN No

Interior Features

Bathroom Features Double Vanity(S) Baths Total 13.00 Bedroom Features Multi-Level BedroomMaster Bedroom Common Walls Detached/No Common Walls Cooking Appliances GasMicrowaveOven Cooling Central Den Yes Dining Room No Equipment DishwasherDryerGarbage DisposalGas Dryer HookupWater Line To RefrigeratorWasherVented Exhaust FanRange/OvenMicrowaveIce Maker Family Room No Flooring LaminateTile Heating Central Kitchen Features Stone Counters Laundry In UnitOn Upper Level Rooms Den/Office Water Heater Features Tankless

Property Features

Assessed Total Value 2408908 Entry Floor Number 1 Gardener Expense 600.00 Gross Income 172800 Gross Operating Income 166452 Insurance Expense 2000.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 600.00 Monthly Gross Income 14400.00 Net Operating Income 1384005.11 Number Of Buildings 1 Number Of Units 4 Property Condition New Construction Sale Type Standard Sewer In Street Source Living Area Builder Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasWaterTrash Collection Total Annual Expense 34400 Type Of Units Condo Style Water Public Year Built Source Builder Zoning Lard1.5

Listing provided courtesy of Alex Valenzuela DRE#01216170 of Keller Williams Realty Downey.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-21T06:43:23.89. 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