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    1404-1406 Warren St

    Los Angeles, CA 90033
    • $1,750,000
    • STATUS: Active
    • ON SITE: 28 days
    • MLS #: 21-718072
    UPDATED: 139 min ago
    $1,750,000
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,034
      SQFT
    • $434
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    We are pleased to present 1404-1408 Warren St an eight (8) unit multifamily investment opportunity located in one of the most highly desirable neighborhoods in Boyle Heights. This property consists of side-by-side wood frame stucco Quadraplexes on two separate APNs zoned LARD1.5. 1404 Warren St consists of 2,064 SF of living area on a 3,726 SF lot and 1408 Warren St consists of 1,970 SF of living area on a 3,729 SF lot. These properties feature: One (1) One Bedroom / One Bath + Den unit and Seven (7) One Bedroom / One Bath units all individually metered for gas and electricity. The property provides 8 parking spaces for the tenants and will be delivered with one unit vacant at COE. This asset has been well maintained and cared for with a number of renovations to maximize the properties potential. 1408 Warren St was converted from a duplex into a 4 unit property in 2003 with all work done with permits. 6 of the 8 units have also been remodeled. This sale presents an incredible opportunity for a new owner/investor to own a stabilized asset located on a quiet and charming street in prime Boyle Heights. This asset provides ample parking for the tenants along with units that are in high rental demand. Also located in a State Enterprise Zone and Opportunity Zone, these properties could allow for potential tax incentives(Buyer to Verify).

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. 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.desertarealuxuryhomes.com/homes/116082336
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    1404-1406 Warren St Los Angeles, CA 90033

    • Price: $1,750,000
    • Status: Active
    • Updated: 139 min ago
    • MLS #: 21-718072
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,034
    SQFT
    $434
    $/SQFT
    1905
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    We are pleased to present 1404-1408 Warren St an eight (8) unit multifamily investment opportunity located in one of the most highly desirable neighborhoods in Boyle Heights. This property consists of side-by-side wood frame stucco Quadraplexes on two separate APNs zoned LARD1.5. 1404 Warren St consists of 2,064 SF of living area on a 3,726 SF lot and 1408 Warren St consists of 1,970 SF of living area on a 3,729 SF lot. These properties feature: One (1) One Bedroom / One Bath + Den unit and Seven (7) One Bedroom / One Bath units all individually metered for gas and electricity. The property provides 8 parking spaces for the tenants and will be delivered with one unit vacant at COE. This asset has been well maintained and cared for with a number of renovations to maximize the properties potential. 1408 Warren St was converted from a duplex into a 4 unit property in 2003 with all work done with permits. 6 of the 8 units have also been remodeled. This sale presents an incredible opportunity for a new owner/investor to own a stabilized asset located on a quiet and charming street in prime Boyle Heights. This asset provides ample parking for the tenants along with units that are in high rental demand. Also located in a State Enterprise Zone and Opportunity Zone, these properties could allow for potential tax incentives(Buyer to Verify).
    Exterior Features

    Lot Size Area 7455 Other Structures None Parking Garage Side By SideDrivewayUncovered Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling Wall/Window Equipment Other Heating Wall

    Property Features

    Gross Income 134463 Gross Operating Income 130429 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 87603.00 Number Of Buildings 2 Number Of Units 8 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 42826 Type Of Units 1+1 Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Derrick Vartanian DRE#01816119 of Keller Williams Silicon Beach.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. 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 Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260