207 N Savannah Street

    Los Angeles (City), CA 90033
    • $3,200,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: 19508660
    UPDATED: 59 min ago
    $3,200,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,170
      SQFT
    • $286
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:

    School Ratings & Info

    Description

    We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three bachelor units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. Current ownership has already completed the government required seismic retrofit work which saves a new investor substantially in capital and time. The subject property is located in the up-and-coming Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles. 207 North Savannah offers an investor the rare opportunity to add value to a vintage building in the heart of an emerging neighborhood. This area is predominately comprised of attractive single-family homes and surrounded by increasingly popular restaurants, retail and entertainment venues, which draws a wide range of creative professional tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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/98794195

    207 N Savannah Street Los Angeles (City), CA 90033

    • Price: $3,200,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 19508660
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    11,170
    SQFT
    $286
    $/SQFT
    1932
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three bachelor units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. Current ownership has already completed the government required seismic retrofit work which saves a new investor substantially in capital and time. The subject property is located in the up-and-coming Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles. 207 North Savannah offers an investor the rare opportunity to add value to a vintage building in the heart of an emerging neighborhood. This area is predominately comprised of attractive single-family homes and surrounded by increasingly popular restaurants, retail and entertainment venues, which draws a wide range of creative professional tenants.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 2.70 Gross Multiplier 16.92 Gross Operating Income 190149.00 Improvements Amount 640340 Land Value 242289 Laundry YN Yes Net Operating Income 86457.00 Special Listing Conditions Standard Total Expenses 98018.00 Zoning Lar2

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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