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    3108 E 4Th St

    Los Angeles, CA 90063
    • $1,395,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 21-744974
    $1,395,000
    • 5
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,508
      SQFT
    • $309
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    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 7.50% and GRM of 9.75. 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. Two retail spaces are currently vacant and can be shown Potential for 3rd unit (studio) to be vacant at COE. 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 two additional mixed use offerings on 4th Street, 7 units and 4 units respectively, contact listing agent for details.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T23:42:46.717. 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/117974326
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    3108 E 4Th St Los Angeles, CA 90063

    • Price: $1,395,000
    • Status: Active
    • MLS #: 21-744974
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,508
    SQFT
    $309
    $/SQFT
    1923
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    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 7.50% and GRM of 9.75. 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. Two retail spaces are currently vacant and can be shown Potential for 3rd unit (studio) to be vacant at COE. 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 two additional mixed use offerings on 4th Street, 7 units and 4 units respectively, contact listing agent for details.
    Exterior Features

    Lot Size Area 5671 Other Structures None Parking Garage Other Style Traditional Total Parking 4 View Description Other View YN Yes

    Interior Features

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

    Property Features

    Assessed Total Value 950000 Gross Income 109600 Gross Operating Income 106312 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 72891.00 Number Of Buildings 2 Number Of Units 9 Rent Control YN Yes Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Total Annual Expense 33421 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 2021-06-18T23:42:46.717. 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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    74199 El Paseo, Suite 200
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