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3454 Sabina Street

Los Angeles, CA 90023
  • $1,260,000
  • STATUS: ACTIVE
  • ON SITE: 91 Days
  • ID#: SB23109423
UPDATED: 49 min ago
$1,260,000
  • 6
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

MAJOR PRICE REDUCTION! Excellent opportunity to own 6 units (3 buildings) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.2% cap rate as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. All units come with their own gas and electric utility meters, passing those utility expenses onto the tenants. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month. MAJOR PRICE REDUCTION! Excellent opportunity to own 6 units (3 buildings) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.2% cap rate as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. All units come with their own gas and electric utility meters, passing those utility expenses onto the tenants. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.lajollaagent.com/homes/140850929
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3454 Sabina Street Los Angeles, CA 90023

  • Price: $1,260,000
  • Status: ACTIVE
  • On Site: 91 Days
  • Updated: 49 min ago
  • ID#: SB23109423
6
Beds
0
Baths
0
½ Baths
0.21
Acres
Neighborhood:
Los Angeles (90023)
County:
Los Angeles
Area:
Los Angeles (90023)
Property Description
MAJOR PRICE REDUCTION! Excellent opportunity to own 6 units (3 buildings) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.2% cap rate as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. All units come with their own gas and electric utility meters, passing those utility expenses onto the tenants. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month. MAJOR PRICE REDUCTION! Excellent opportunity to own 6 units (3 buildings) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.2% cap rate as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. All units come with their own gas and electric utility meters, passing those utility expenses onto the tenants. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool N/K Site Sidewalks

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 4.2 Annual Expense Actual 27284 Assessments N/K Buildings 3 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 79896 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1567.0 Unit2 Rent Actual 1924.0 Unit3 Rent Actual 884.0 Unit4 Rent Actual 916.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of William Joseph of Joseph Group: 310-415-4655. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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