3551-3559 Siskiyou St - Apartments FOR SALE


Los Angeles, CA 90023- Boyle Heights
$1,399,000 USD
213-623-0800
3551-3559 Siskiyou St, Los Angeles, CA for Sale
$1,399,000 USD
Apartments - FOR SALE
1/3
null | 3.53% Cap Rate

3551-3559 Siskiyou St
Los Angeles, CA 90023
Boyle Heights


HIGHLIGHTS

  • Lender Owned
  • All Two Bed Units
  • Very Walkable Location Just Off Whittier Blvd
  • RD1.5 Zoning
  • Two of 7 Units Vacant
  • Value Add Opportunity

OVERVIEW

3551-3559 Siskiyou Street is a 7-unit +/-5,550 SF multifamily property located in the Boyle Heights neighborhood of Los Angeles. The unit mix consists of six separate Tudor style buildings. The unit mix includes (6) 2 bed/1 bath units and (1) 2 bed/1.5 baths unit. Two of the buildings are newer permitted ADU’s and are vacant. There’s no Certificate of Occupancy for the two vacant ADU units. Zoned RD1.5, the property sits on two lots totaling ±11,236 SF. The property includes an attractive gated lawn in the front of the property. There is onsite parking along with an additional storage unit in the rear of the property. Located just off of Whittier Blvd, there is easy access to local grocers, restaurants and cafes. Close to Downtown Los Angeles, Little Tokyo & the Arts District via MTA Gold Line and all major freeways. The neighborhood has a walk score of 87.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

7

PRICE/UNIT

$199,857

CAP RATE

3.53%

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RD1.5

APN/PARCEL ID

5188-016-024,5188-016-025

ASK ABOUT THIS PROPERTY

Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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