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31391679
31391680

731 S Boyle Ave, Los Angeles, CA 90023

S+
CA CA 01242603
Berkshire Hathaway HomeServices California Properties Chula Vista
Listed by Berkshire Hathaway HomeServices California Properties Chula Vista
$1,029,000
66 days on market
Updated 66 days ago

731 S. Boyle Ave.

Details
APN 5183-021-019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,200
Net Rentable (SqFt) 3,200
Units 4
Cap Rate 7%
NOI $72,065
Occupancy 100%
Pro-Forma Cap Rate 7.82%
Pro-Forma NOI $80,465
Price per SqFt $322
Broker Co-Op Yes
Year Built 1916
Buildings 1
Stories 2
Lot Size (SqFt) 8,885
Zoning LAR3
Investment Type Value Add
Sale Condition 1031 exchange

Multifamily | 4 Units | $257,250/unit

Marketing description

Here's a fantastic opportunity to purchase an existing cash-producing fourplex with plans for an architecturally significant second building on the 8800+ sq. ft. lot. Prime fourplex including previously approved plans for the construction of five additional units in vibrant Boyle Heights. A stone's throw from the iconic 6th street bridge, DTLA Arts District, Hollenbeck Park, public transit, freeways, and local cultural monuments. Existing building is currently a mix of two 2-bedroom units and two 1-bedroom units totalling 3200 interior sq. ft. Plans for the new building include five 1-bedroom units, one being earmarked as a low-income qualifying unit. Separate gas & electric meters for each unit with one main water meter for the existing building. Take advantage of this growing market already in demand with continued growth, making this an ideal investment opportunity.

Listing Contacts

S+
CA CA 01242603
Berkshire Hathaway HomeServices California Properties Chula Vista
Listed by Berkshire Hathaway HomeServices California Properties Chula Vista

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,065.00
$6,005.42/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Sarkissian +Perera
License
CA 01242603
Brokerage
Berkshire Hathaway HomeServices CA Properties
Brokerage Phone
626-695-2808
Title
Broker
Brokerage Address
540 South Lake Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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