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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Shaun Hurley

Shaun Hurley

+1(949) 463-4663
$ 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

Listing Status Active

Purchase Type For Sale

Square Footage 7,331 sqft

Price per Sqft $408

MLS Listing ID 24465335

Bedrooms 19

HOA Y/N No

Year Built 2023

Lot Size 6,246 Sqft

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 Boyh - Boyle Heights

Zoning LAC1

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Parking Features Carport, Garage, Gated, Tandem

Garage Spaces 6.0

Garage Description 6.0

Pool See Remarks

Total Parking Spaces 8

Building

Faces South

Story 3

Entry Level Three Or More

Architectural Style Contemporary

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 5180012032

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Ken Shapiro • Silverwood Properties

GET MORE INFORMATION

Shaun Hurley

Broker Associate | Lic# 00870450

+1(949) 463-4663

32451 Golden Lantern # 210, Niguel, CA, 92677

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2611 E 4th ST