BURNWOOD
Listed by BURNWOOD
$3,300,000
Stabilized New Development - 6 Unit Town Home Style
Details
APN 5175010011
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 6.66%
NOI $219,625
Occupancy 100%
Price per SqFt $544
Class A
Year Built 2024
Year Renovated 2024
Buildings 1
Stories 3
Lot Size (SqFt) 6,255
Zoning R3
Parking Spaces 6 spaces
Investment Type Stabilized
Occupancy Date 01/01/2024
6 Units | Fully Leased | 6.64% CAP
Marketing description
This property is part of a 3 property portfolio, see MLS#PW26019991 , and MLS#PW26019993 Welcome to 354 N Breed St, an exceptional brand-new construction (Non-RSO) completed in 2024, offering a premier investment opportunity in the heart of Boyle Heights. This striking multi-unit development features three contemporary buildings, housing a total of six spacious units350, 350 1/2, 352, 352 1/2, 354, and 354 1/2all designed with modern elegance and tenant convenience in mind. Boasting an impressive projected rental income of $21,850.00 per month, this asset presents a lucrative opportunity for investors seeking strong cash flow and long-term appreciation. Aesthetic & Functional Appeal Each unit seamlessly blends modern design with high-end finishes, creating an inviting atmosphere for tenants. The open-concept kitchens are equipped with sleek white cabinetry, quartz countertops, high-end stainless steel appliances, and stylish black fixtures. Expansive windows flood the space with natural light, highlighting the premium hardwood-style vinyl panel flooring and sophisticated recessed lighting. Bathrooms showcase a spa-like experience, featuring floating vanities, LED-lit mirrors, oversized walk-in showers, and sleek matte black finishes. Additional features include in-unit laundry, walk-in closets, and private balconies offering scenic views. Striking Modern Faade: The sleek architectural design combines a mix of bold black and white tones, floor-to-ceiling windows, and stylish wood paneling accents, delivering a high-end contemporary aesthetic. Gated Parking & Secure Entry: Th
Investment highlights
Stabilized with Corporate Lessee
- Current Monthly Rental Income: $21,850.00
- Annual Rental Income: $262,200.00
- Net Operating Income: $219,625
- Gross Rent Multiplier: 12.59
- Capitalization Rate: 6.66%
- Annual Operating Expenses: $42,575
total current rental income (corp lessee) $21,850.00 per month, making it an excellent investment opportunity with strong cash flow potential.
Unit 350 1/2 (Studio/1Bath) – $2,600.00
Unit 350 (2Bed/2Bath) – $2,800.00
Unit 352 (2Bed/2Bath) – $2,800.00
Unit 352 1/2 (3B/4B + 1 Den) – $4,550.00
Unit 354 1/2 (3B/4B + 1 Den) – $4,550.00
Unit 354 (3B/4B + 1 Den) – $4,550.00
Total Monthly Rental Income: $21,850.00
Total Annual Rental Income: $262,200.00
Listing Contacts
BURNWOOD
Listed by BURNWOOD
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$219,625.00
$18,302.08/mo
Valuation Metrics
0
DSCR
6.66%
Cap Rate
6.66%
ROI
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