1917 New Jersey St - Multi-Family FOR SALE


Los Angeles, CA 90033- Boyle Heights
$879,000 USD
310-202-9166
1917 New Jersey St, Los Angeles, CA for Sale
$879,000 USD
Multi-Family - FOR SALE
1/16
null | 5.59% Cap Rate

1917 New Jersey St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Triplex in Boyle Heights with a large 5 BR + bath front house and two 1 BR + 1 Bath bungalow type units
  • One of the 1 BR units is currently vacant!
  • Good Boyle Heights location directly adjacent to White Memorial Hospital and just south of East Cesar Chavez Ave
  • Property was originally constructed in 1910, the size of the lot is, 5,920 SF and it is zoned LAR3
  • The house will be delivered with tenants in place. Current tenants are paying $3,357 a month for front house.
  • Wonderful opportunity for an owner-occupier or astute multi-family investor looking for a value-add triplex in East LA

OVERVIEW

Miller & Desatnik Realty Corp is proud to present The New Jersey Residences a triplex in Boyle Heights with a front 5 BR + 2 Bath 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 units is currently VACANT! The vacant 1 BR unit has been tastefully renovated with new flooring and updated kitchen appliances. The subject property 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. Good Boyle Heights location, adjacent to White Memorial Hospital and just south of East Cesar Chavez Ave.

FOR SALE DETAILS

PRICE

$879,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

3

PRICE/UNIT

$293,000

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,920 SF

ZONING

LARD 1.5

APN/PARCEL ID

5174-006-015

ASK ABOUT THIS PROPERTY

Jon BloomMiller & Desatnik Realty Corp.More Info
310-202-9166

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Jon BloomMiller & Desatnik Realty Corp.More Info
310-202-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.