CA > Los Angeles
Los Angeles, CA 90033,2611 E 4th St
Los Angeles, CA 90033,2611 E 4th St
Los Angeles, CA 90033,2611 E 4th St
Los Angeles, CA 90033,2611 E 4th St
Los Angeles, CA 90033,2611 E 4th St
Los Angeles, CA 90033,2611 E 4th St
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Mechele A. Nelson

Mechele A. Nelson

+1(817) 938-3872
$ 2,995,000
Est. payment | /mo

19 Beds

11 Baths

7,331 SqFt

Save
$ 2,995,000
Est. payment | /mo
Save

19 Beds

11 Baths

7,331 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,331 sqft

Price per Sqft $408

MLS Listing ID 24-465335

Style Contemporary

Bedrooms 19

Construction Status New Construction

Year Built 2023

Lot Size 6,246 Sqft

Acres 0.1434

Property Description

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 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!

Location

State CA

County Los Angeles

Area Boyle Heights

Zoning LAC1

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Dishwasher, Refrigerator, Range/Oven

Laundry In Unit

Exterior

Garage Carport, Gated, Tandem

Garage Spaces 8.0

Pool Other

Building

Story 3

Architectural Style Contemporary

Level or Stories Three Or More

Construction Status New Construction

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Silverwood Properties
agent-avatar

+1(817) 938-3872

mechele@monarchcapcorp.com

United States

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