1017 Mark Street

    Los Angeles (City), CA 90033
    • $525,000
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: 19484390
    UPDATED: 74 min ago
    $525,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,709
      SQFT
    • $307
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    MFR IN ECONOMIC OPPORTUNITY ZONE (EOZ)! Large duplex with 4BD/2BA in Lincoln/Boyle Heights EOZ. Convenient location near 5/10/101 FWY. Great development opportunity. Property has 1,709 SQFT w/ 4,609 lot. Both units are 2BD/1BA. Good condition for move-in as is. Amazing potential for upgrades and improvement. Large windows for an abundance of natural light. Nicely sized kitchen with ample cabinet space. Spacious bedrooms with large closets and plenty of storage. Rear unit has own laundry room. Large backyard is perfect for entertaining or outdoor lounging. This property is perfect for owner-occupant buyers or investors looking to take advantage of the EOZ tax benefits! Developer could rebuild for short-term AirBnb housing for LAC+USC Medical Center or USC Keck School of Medicine and avoid any capital gains. Close to Lincoln Heights, Montecito Heights, Taylor Junction (San Antonio Winery), Mission Junction and Chinatown, the next hot growth areas in LA real estate! Come see - wont last!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/96514573

    1017 Mark Street Los Angeles (City), CA 90033

    • Price: $525,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: 19484390
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,709
    SQFT
    $307
    $/SQFT
    1963
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    MFR IN ECONOMIC OPPORTUNITY ZONE (EOZ)! Large duplex with 4BD/2BA in Lincoln/Boyle Heights EOZ. Convenient location near 5/10/101 FWY. Great development opportunity. Property has 1,709 SQFT w/ 4,609 lot. Both units are 2BD/1BA. Good condition for move-in as is. Amazing potential for upgrades and improvement. Large windows for an abundance of natural light. Nicely sized kitchen with ample cabinet space. Spacious bedrooms with large closets and plenty of storage. Rear unit has own laundry room. Large backyard is perfect for entertaining or outdoor lounging. This property is perfect for owner-occupant buyers or investors looking to take advantage of the EOZ tax benefits! Developer could rebuild for short-term AirBnb housing for LAC+USC Medical Center or USC Keck School of Medicine and avoid any capital gains. Close to Lincoln Heights, Montecito Heights, Taylor Junction (San Antonio Winery), Mission Junction and Chinatown, the next hot growth areas in LA real estate! Come see - wont last!
    Exterior Features

    Carport Spaces 0.00 Direction Faces East Garage Spaces 0.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Concrete Parking Total 0.00 Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 2.05 Gross Multiplier 27.14 Gross Operating Income 19344.00 Improvements Amount 40534 Insurance Expense 1200.00 Land Lease Amount Frequency Monthly Land Value 13489 Laundry YN Yes Maintenance Expense 600.00 Net Operating Income 10719.00 Special Listing Conditions Standard Total Actual Rent 18600.00 Total Expenses 8625.00 Zoning Lar1

    Listing provided courtesy of Andrew Watkins of Pacific Playa Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
    J1 REALTY GROUP
    16755 Von Karman Ave, Ste 200
    Irvine CA, 92606