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1917 NEW JERSEY ST, LOS ANGELES, CA 90033 For Sale

ES
CA 00893163
Miller & Desatnik Realty Corp
Listed by Miller & Desatnik Realty Corp
$825,000
3 days on market
Updated 3 days ago

1917 NEW JERSEY ST LOS ANGELES CA 90033

Details
APN 5174-006-015
Property Type Multifamily
Square Footage 2,706
Units 3
Cap Rate 6.00%
NOI $49,796
Occupancy 100%
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $65,900
Price per SqFt $305
Year Built 1910
Lot Size (SqFt) 5,920
Zoning LAR3

About This Property for Sale

Marketing description

The New Jersey Residences are a triplex in Boyle Heights adjacent to White Memorial Hospital. The three unit property has a front 5 BR + 2 Bath stand alone house that would be perfect for an owner-occupier or astute value-add multi-family investor. Behind the front house are two 1 BR + 1 Bath bungalow type units. One of the 1 BR apartment units has been tastefully renovated with new flooring and updated kitchen appliances. The front 5 bedroom house has old world charm, central air and hardwood floors throughout. The triplex was originally constructed in 1910 and is approximately 2,706 SqFT of total rentable space. The size of the lot is approximately 5,920 SqFt and is Zoned LARD 1.5. The property will be delivered with the front tenants in place who are currently paying $3,357 a month in rent. If new owners will like to move in the front house they will be responsible to pay the tenant relocation costs. Each unit is individually metered for gas and electric.

Investment highlights

  • Triplex in Boyle Heights - Adjacent to White Memorial Hospital
  • Back units are both 1 BR + 1 Bath Units
  • Below market rents. Value-add opportunity
  • Front House is 5 BR + 2 Baths - Perfect for an owner-occupier
  • Individually metered for gas and electric
  • Property will be delivered with tenants in place.

Listing Contacts

ES
CA 00893163
Miller & Desatnik Realty Corp
Listed by Miller & Desatnik Realty Corp

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$49,796.00
$4,149.67/mo

Valuation Metrics

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DSCR
6.04%
Cap Rate
6.04%
ROI

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