Est. mensual: $3,716 Recalcular
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Multifamiliar (2-4 unidades)Número de MLS: #24-434457
We are pleased to offer for sale this five (5) unit multifamily investment opportunity located at 505 S. Chicago Street, in Boyle Heights. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 4,902 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 2+1.5 units, and two (2) 2+1 units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, five (5) on-site parking spaces, and individually metered for gas and electricity. Current gross income is $7,130/month, priced current at a 6+% cap rate and 12x GRM. There's approximately 45% upside in potential rents. Given the location, attractive local area amenities, and potential to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive Boyle Heights submarket that will provide exponential returns.Características de la propiedad
Antigüedad: | Más de 50 años de antigüedad |
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Amenidades: | Puerto |
Estilo arquitectónico: | Otro |
Área del lote: | 0.17 Acres |
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Escuela primaria
BREED STREET ELEMENTARY SCHOOL
0.2
MillasVer detalle
Escuela secundaria (ciclo básico)
Escuela secundaria (ciclo superior)
THEODORE ROOSEVELT HIGH SCHOOL
0.3
MillasVer detalle
FELICITAS & GONZALO MENDEZ HIGH SCHOOL
0.9
MillasVer detalle
BOYLE HEIGHTS STEM HIGH SCHOOL
0.4
MillasVer detalle
Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
---|---|---|---|---|
St Mary School | 0.1 mi | Private | KG-8 | |
Extera Public | 0.2 mi | Public | KG-8 | D+ |
Puente Charter | 0.3 mi | Public | KG-3 | C+ |
Siatech Academy South | 0.3 mi | Public | 10-12 | |
Math, Science, & Technology Magnet Academy At Roosevelt High School | 0.3 mi | Public | 9-12 | A- |
Boyle Heights Continuation | 0.3 mi | Public | 9-12 | D- |
Hollenbeck Middle School | 0.3 mi | Public | 6-8 | C |
2nd Street Elementary School | 0.3 mi | Public | KG-6 | B |
School Of Santa Isabel | 0.5 mi | Private | KG-8 | |
Dolores Mission Elementary School | 0.6 mi | Private | KG-8 | |
Soto Street Elementary School | 0.6 mi | Public | KG-6 | C- |
Our Lady Of Talpa School | 0.6 mi | Private | PK-8 | |
1st Street Elementary | 0.7 mi | Public | PK-6 | B |
Kipp Los Angeles College Preparatory | 0.7 mi | Public | 5-8 | A- |
White Memorial Adventist School | 0.8 mi | Private | KG-8 | |
Kipp Promesa Preparatory | 0.8 mi | Public | KG-4 | B |
Euclid Avenue Elementary School | 0.8 mi | Public | KG-5 | C- |