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    3551 Siskiyou Street

    Los Angeles (City), CA 90023
    • $1,100,000
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: OC21000826
    $1,100,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,102
      SQFT
    • $268
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    This is an incredible opportunity to acquire two parcels consisting of 2 and and 3 units, totaling 5 units in Boyle Heights just east of Downtown LA. All the units are two bedrooms, with two of them vacant, remodeled, and ready to move in. The other three units have long term MTM tenants in place offering a new owner/investor to achieve above market returns in the future. The property is being offered for sale together, but a creative investor can look to separate the two lots and sell them off individually. The entire property totals 4,102sf and sits on a large 11,225sf lot zoned RD1.5. With several detached garages, there is the potential of adding additional ADU+GGs for increased cash flow and rental income. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Convenient location in Boyle Heights east of Downtown Los Angeles near USC Medical Center, Community Hospital, Commerce, Freeways, Parks & Recreation, and Restaurants & Shops.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113179768
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    3551 Siskiyou Street Los Angeles (City), CA 90023

    • Price: $1,100,000
    • Status: Active
    • MLS #: OC21000826
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    4,102
    SQFT
    $268
    $/SQFT
    1929
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    This is an incredible opportunity to acquire two parcels consisting of 2 and and 3 units, totaling 5 units in Boyle Heights just east of Downtown LA. All the units are two bedrooms, with two of them vacant, remodeled, and ready to move in. The other three units have long term MTM tenants in place offering a new owner/investor to achieve above market returns in the future. The property is being offered for sale together, but a creative investor can look to separate the two lots and sell them off individually. The entire property totals 4,102sf and sits on a large 11,225sf lot zoned RD1.5. With several detached garages, there is the potential of adding additional ADU+GGs for increased cash flow and rental income. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Convenient location in Boyle Heights east of Downtown Los Angeles near USC Medical Center, Community Hospital, Commerce, Freeways, Parks & Recreation, and Restaurants & Shops.
    Exterior Features

    Garage Spaces 3.00 Lot Features 2-5 Units/AcreLot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Uncovered Spaces 5.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinyl Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S) Laundry Features Gas Dryer HookupInsideWasher Hookup Levels One Room Type KitchenLiving RoomSee Remarks

    Property Features

    Additional Parcels Description 5188-016-025 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features GuttersSidewalksStreet Lights Country Us Elevation Units Feet Gross Income 76500.00 Gross Multiplier 14.40 Gross Scheduled Income 76500.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 3 Number Of Units Leased 3 Operating Expense 0.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Utilities Electricity AvailableNatural Gas AvailableWater Available Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Brian Noh of Nohco Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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