2531 Cincinnati Street

    Los Angeles (City), CA 90033
    • $940,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: 19496472
    UPDATED: 44 min ago
    $940,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,834
      SQFT
    • $194
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    The Cincinnati Apartments is a five-unit multi-family property located in Los Angeles' Boyle Heights neighborhood, one of the city's rapidly evolving submarkets. The community and local ownership are enjoying the benefits rapid growth and urbanization that are happening at the local level. 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 2531 Cincinnati St, The Cincinnati Apartments was built in 1924 and features 4,834 square-feet of improvements on a 6,301 square-foot lot. The property features four one-bedroom and one-bath units with an average living space of 900 square feet, and one freestanding two-bedroom and one-bath house with living space of 1100 square feet. Each unit has individual water heaters.RENTS ARE 70% BELOW MARKET!

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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/97606637

    2531 Cincinnati Street Los Angeles (City), CA 90033

    • Price: $940,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: 19496472
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,834
    SQFT
    $194
    $/SQFT
    1924
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    The Cincinnati Apartments is a five-unit multi-family property located in Los Angeles' Boyle Heights neighborhood, one of the city's rapidly evolving submarkets. The community and local ownership are enjoying the benefits rapid growth and urbanization that are happening at the local level. 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 2531 Cincinnati St, The Cincinnati Apartments was built in 1924 and features 4,834 square-feet of improvements on a 6,301 square-foot lot. The property features four one-bedroom and one-bath units with an average living space of 900 square feet, and one freestanding two-bedroom and one-bath house with living space of 1100 square feet. Each unit has individual water heaters.RENTS ARE 70% BELOW MARKET!
    Exterior Features

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

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Cap Rate 3.80 Gross Multiplier 14.21 Gross Operating Income 66144.00 Improvements Amount 42009 Land Value 19829 Laundry YN No Net Operating Income 35705.00 Special Listing Conditions Standard Total Expenses 28892.00 Zoning Lar3

    Listing provided courtesy of Peter Strauss of Iconic Investments


    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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