3454 Sabina Street

    Los Angeles (City), CA 90023
    • $997,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: WS19124006
    UPDATED: 47 min ago
    $997,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,104
      SQFT
    • $243
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    TREMENDOUS UPSIDE for this 6 unit complex with tons of rental growth potential along with rapid city development. There will be a new bridge that connects Boyle Heights to the Arts District and you can imagine all the change that will happen once that is completed. Google "Sixth Street Viaduct" for more information. One thing is for sure, a deal like this will not be available when the bridge project is completed. This property is also classified as TOC3 which is a part of the Affordable Housing Incentive Program and has incentives for future development. The front unit is a detached house with 3 beds and 1 bath, and in the back, there are 5x one bedroom apartments. If you are looking for cash flow and potential appreciation, this is the property for you. This property has quick access to 60 fwy, 5 fwy and the 710 fwy. PLEASE DO NOT DISTURB THE TENANTS. SUBMIT ALL OFFERS SUBJECT TO INTERIOR INSPECTION. Inquire today for more information!

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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/97058095

    3454 Sabina Street Los Angeles (City), CA 90023

    • Price: $997,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: WS19124006
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    4,104
    SQFT
    $243
    $/SQFT
    1911
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    TREMENDOUS UPSIDE for this 6 unit complex with tons of rental growth potential along with rapid city development. There will be a new bridge that connects Boyle Heights to the Arts District and you can imagine all the change that will happen once that is completed. Google "Sixth Street Viaduct" for more information. One thing is for sure, a deal like this will not be available when the bridge project is completed. This property is also classified as TOC3 which is a part of the Affordable Housing Incentive Program and has incentives for future development. The front unit is a detached house with 3 beds and 1 bath, and in the back, there are 5x one bedroom apartments. If you are looking for cash flow and potential appreciation, this is the property for you. This property has quick access to 60 fwy, 5 fwy and the 710 fwy. PLEASE DO NOT DISTURB THE TENANTS. SUBMIT ALL OFFERS SUBJECT TO INTERIOR INSPECTION. Inquire today for more information!
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 0.00 Lot Features 0-1 Unit/AcreLot 6500-9999Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 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 2+ Common Walls Laundry Features Gas & Electric Dryer HookupInside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 8.54 Community Features CurbsSidewalksSuburban Country Us Electric Expense 7824.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 62040.00 Gross Scheduled Income 108000.00 Insurance Expense 2593.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2181.00 Net Operating Income 85120.00 New Construction YN No New Taxes Expense 12462.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 22879.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 945.00 Total Actual Rent 5170.00 Total Expenses 26005.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Brian Ngoy of Milano 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.
     
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