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    3108 E 4Th St

    Los Angeles, CA 90063
    • $1,295,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 20-627110
    Price Reduced
    UPDATED: 35 min ago
    $1,295,000
    • 5
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,508
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    PRICE REDUCED - Bring All Offers! Mixed use project in exciting Boyle Heights location needs new investor - fresh vision to complete repositioning. Current ownership must sell prematurely to raise capital to fulfill outstanding obligations. Their loss is your opportunity to cross the finish line and enjoy cash-flowing asset in growth area with proforma cap rate of 8.34% and GRM of 8.92. Property consists of 3 street level store fronts, 2 studio apartments (ground level) and 3 1b1b units (second floor). Along with a stand alone 2b1b house. One retail space and One 1b1b unit will be delivered vacant and can be shown. Possibility of 3rd unit (studio) also being delivered vacant at close. High traffic location just minutes to DTLA / Arts District with close proximity to Metro Goldline. This neighborhood is at once historic and forward looking with significant development and reinvestment already underway, don't miss your chance to take part in the bright future of Boyle Heights.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T20:42:44.32. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/109619850
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    3108 E 4Th St Los Angeles, CA 90063

    • Price: $1,295,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 20-627110
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,508
    SQFT
    $287
    $/SQFT
    1923
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    PRICE REDUCED - Bring All Offers! Mixed use project in exciting Boyle Heights location needs new investor - fresh vision to complete repositioning. Current ownership must sell prematurely to raise capital to fulfill outstanding obligations. Their loss is your opportunity to cross the finish line and enjoy cash-flowing asset in growth area with proforma cap rate of 8.34% and GRM of 8.92. Property consists of 3 street level store fronts, 2 studio apartments (ground level) and 3 1b1b units (second floor). Along with a stand alone 2b1b house. One retail space and One 1b1b unit will be delivered vacant and can be shown. Possibility of 3rd unit (studio) also being delivered vacant at close. High traffic location just minutes to DTLA / Arts District with close proximity to Metro Goldline. This neighborhood is at once historic and forward looking with significant development and reinvestment already underway, don't miss your chance to take part in the bright future of Boyle Heights.
    Exterior Features

    Carport Spaces Total 2 Covered Parking 2 Lot Size Area 5691 Other Structures None Parking Garage Carport Style Other Total Parking 4 View Description City View YN Yes

    Interior Features

    Baths Total 9.00 Common Walls Attached Cooling None Equipment RefrigeratorRange/OvenCeiling Fan Fireplace Rooms None Flooring Mixed Heating Wall Laundry None

    Property Features

    Assessed Total Value 629616 Gross Income 113440 Gross Operating Income 110037 Like Units1 3 Like Units2 2 Like Units3 1 Like Units4 3 Like Units5 2 Net Operating Income 76785.00 Number Of Buildings 2 Number Of Units 9 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 33252 Type Of Units Mixed Use Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Joel Nass DRE#01954931 of Clint Lukens Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T20:42:44.32. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377