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615 Camulos St

Los Angeles, CA 90023
  • $1,350,000
  • STATUS: Active Under Contract
  • ON SITE: 38 days
  • ID#: 21-727686
Under Contract
UPDATED: 45 min ago
$1,350,000
  • 11
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,898
    SQFT
  • $346
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Description

We are pleased to present this 6 unit Multi Family Investment Opportunity located in the Rapidly Gentrifying Boyle Heights Area of Los Angeles. The Property has a Great Unit Mix of 1, 2 and 3 bedroom Units in a Desirable Neighborhood with Rental Upside Potential of +/- 32%. This Offering Boasts an Attractive 4.65% Cap Rate on Current Rents with Opportunity to Add Value. Select Units have City Views. The Property is Centrally Located within a Few Minutes Drive to Downtown Los Angeles and within Walking Distance to Various Busy Retail Corridors. Property is Subject to Los Angeles City Rent Control.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T08:42:33.387. 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/116790140
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615 Camulos St Los Angeles, CA 90023

  • Price: $1,350,000
  • Status: Active Under Contract
  • Updated: 45 min ago
  • ID#: 21-727686
11
Beds
0
Baths
0
½ Baths
0.14
Acres
3,898
SQFT
$346
$/SQFT
1922
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
We are pleased to present this 6 unit Multi Family Investment Opportunity located in the Rapidly Gentrifying Boyle Heights Area of Los Angeles. The Property has a Great Unit Mix of 1, 2 and 3 bedroom Units in a Desirable Neighborhood with Rental Upside Potential of +/- 32%. This Offering Boasts an Attractive 4.65% Cap Rate on Current Rents with Opportunity to Add Value. Select Units have City Views. The Property is Centrally Located within a Few Minutes Drive to Downtown Los Angeles and within Walking Distance to Various Busy Retail Corridors. Property is Subject to Los Angeles City Rent Control.
Exterior Features

Lot Size Area 6000 Other Structures None Parking Garage Uncovered Total Parking 1

Interior Features

Baths Total 6.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 928556 Gross Income 97704 Gross Operating Income 94773 Like Units1 2 Like Units2 1 Like Units3 3 Net Operating Income 62768.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 32004 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Shant Sherbetdjian DRE#01713570 of Remax Commercial And Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-13T08:42:33.387. 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