2418 Folsom Street

    Los Angeles (City), CA 90033
    • $2,399,999
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: PW19155475
    UPDATED: 45 min ago
    $2,399,999
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $400
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    New Construction completely done. Purchase price $2,399,999 (Projected ) Pro-Forma Monthly Gross Rent: $14,000. Pro-Forma Annual Gross Rent: $168,000.Vacancy & Operating Costs (15%): $15,620. Pro-Forma NOI: $122,130. CAP RATE 4.9%(@ $2,399,999 Purchase Price) GRM (@ $2,399,999 Purchase Price): 14.9* Next to downtown LA Arts District, Little Tokyo, USC Medical Center, The Antonio Winery, Mariachi Plaza and much more. Conveniently minutes away from the Metro gold line, quick access to the 10, 110, 101, 5, 10, 60, 710 freeways,Individually metered for electric, gas, and water * individual tankless water heater* Central A/C and Heat* Washer & Dyer* Refrigerator* Dishwasher Investment Opportunity* Brand-New Construction* Multifamily Apartment Complex*

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    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/96469919

    2418 Folsom Street Los Angeles (City), CA 90033

    • Price: $2,399,999
    • Status: Active
    • Updated: 45 min ago
    • ID#: PW19155475
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,000
    SQFT
    $400
    $/SQFT
    2019
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    New Construction completely done. Purchase price $2,399,999 (Projected ) Pro-Forma Monthly Gross Rent: $14,000. Pro-Forma Annual Gross Rent: $168,000.Vacancy & Operating Costs (15%): $15,620. Pro-Forma NOI: $122,130. CAP RATE 4.9%(@ $2,399,999 Purchase Price) GRM (@ $2,399,999 Purchase Price): 14.9* Next to downtown LA Arts District, Little Tokyo, USC Medical Center, The Antonio Winery, Mariachi Plaza and much more. Conveniently minutes away from the Metro gold line, quick access to the 10, 110, 101, 5, 10, 60, 710 freeways,Individually metered for electric, gas, and water * individual tankless water heater* Central A/C and Heat* Washer & Dyer* Refrigerator* Dishwasher Investment Opportunity* Brand-New Construction* Multifamily Apartment Complex*
    Exterior Features

    Garage Spaces 0.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDrivewayConcrete Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features In Closet Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.90 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 168000.00 Gross Multiplier 14.90 Gross Scheduled Income 168000.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 142800.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 15620.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 15620.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Danny Navarro of Century 21 Allstars


    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.
     
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