1023 Tremont Street

    Los Angeles (City), CA 90033
    • $1,075,000
    • STATUS: Active Under Contract
    • ON SITE: 103 days
    • ID#: 19476374
    Under Contract
    UPDATED: 19 min ago
    $1,075,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,051
      SQFT
    • $265
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    The Tremont Apartments is a five-unit multifamily property located in Los Angeles' Boyle Heights neighborhood, one of the city's rapidly evolving submarkets. The continued transformation of this neighborhood will continue to have positive business impacts, bringing in new retail and entertainment options, and transforming a once neglected portion of the city into a vibrant community with improved services surrounding major transit hubs.Located at 1023 Tremont Street, The Tremont Apartments was built in 1927 and features 4,051 square-feet of improvements on a 8,138 square-foot lot. The property features all two-bedroom and one-bath units with an average living space of 800 square feet each and individual water heaters. Three of the five units are currently occupied by the seller and his family - these three units will be delivered vacant at the close of escrow,.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T12:41:02.24. 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/95743218

    1023 Tremont Street Los Angeles (City), CA 90033

    • Price: $1,075,000
    • Status: Active Under Contract
    • Updated: 19 min ago
    • ID#: 19476374
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,051
    SQFT
    $265
    $/SQFT
    1927
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    The Tremont Apartments is a five-unit multifamily property located in Los Angeles' Boyle Heights neighborhood, one of the city's rapidly evolving submarkets. The continued transformation of this neighborhood will continue to have positive business impacts, bringing in new retail and entertainment options, and transforming a once neglected portion of the city into a vibrant community with improved services surrounding major transit hubs.Located at 1023 Tremont Street, The Tremont Apartments was built in 1927 and features 4,051 square-feet of improvements on a 8,138 square-foot lot. The property features all two-bedroom and one-bath units with an average living space of 800 square feet each and individual water heaters. Three of the five units are currently occupied by the seller and his family - these three units will be delivered vacant at the close of escrow,.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 6.10 Gross Multiplier 11.14 Gross Operating Income 96464.00 Improvements Amount 182873 Land Value 190428 Laundry YN No Net Operating Income 65548.00 Special Listing Conditions Standard Total Expenses 28550.00 Zoning Lar2

    Listing provided courtesy of Peter Strauss of Iconic Investments


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T12:41:02.24. 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.
     
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