I challenge you to find any multi-family these days in City of L.A. that has a true cap rate of 6.67 and a gross rent multiplier of 11.97. Never mind one that is brand new construction, in a good location, with ample parking and amenities such as rooftop decks with… Read More mountain views. Yet that is exactly what you are getting here at 2611 E 4th St! The rooftop decks, by the way, have proven to be a huge amenity, as they allow the tenant to entertain on a large scale in a highly aesthetic setting without disturbing other tenants on the premises. Delivered vacant, your tenants will be thrilled to pay the rents listed here, in dwellings that include very attractive finishes and layouts, all standard amenities including central heat and air, dishwasher and appliances. Also in unit laundry in each unit (washer/dryer not provided - hookups only.) All but one of the units will enjoy two car parking. As far as location, this property is a mile away from the 4th St Bridge that takes one right into the Art District, Little Tokyo and all other downtown venues. Not to mention that Boyle Hts itself, particularly this section of Boyle Hts, is truly burgeoning into one of LA's most charming and flourishing neighborhoods, in leaps and bounds. And this property is right in the thick of it all. Bottom line - as a landlord/property owner, you will thoroughly enjoy owning a property which not only cash flows, but will give you no headaches or unexpected expenses, being a brand new construction property, and tons of upside. Oh yes, forgot to mention that tenants pay for ALL utilities including water and trash. Oh, and one other very important thing - I have a lender who will give 30 yr fixed financing despite the fact the property is 5 units! Oh, and of course you can come see the property anytime. Looking forward to seeing you! Read Less
Property listed by Silverwood Properties, Ken Shapiro 213-250-4404
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
19
Square Ft.
7,331
Lot Size
0.14 Acres
Year Built
2023
MLS Number
24465335
30 Days Snapshot Of 90033
$948k
+49%
(avg) sold price
2
0%
homes sold
120
+66%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 2023, Building area total: 7,331, Levels: ThreeOrMore, Living area: 7331, 3 buildings, Architectural style: Contemporary
Cooling
CentralAir
Garage
6 spaces
Heating
Central
Income
Gross income: $250,800, Net operating income: $250,064
Lot
0.1434 acres, 6,246 square feet, Size: 6,246
Parking
2 open parking spaces, 8 totals parking, Carport, Garage, Gated, Tandem
Pool
SeeRemarks
Property
Zoning: LAC1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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