3733 Bostwick Street

    Los Angeles (City), CA 90063
    • $1,200,000
    • STATUS: Active
    • ON SITE: 120 days
    • ID#: 19469522
    UPDATED: 23 min ago
    $1,200,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,810
      SQFT
    • $315
      $/SQFT
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    We are pleased to present a six unit multifamily property located in City Terrace, California. Situated at 3733 Bostwick Street, west of North Hazard Avenue and south of the 10 Freeway, the property is well positioned in a quiet area within City Terrace that is adjacent to Boyle Heights.Constructed in 1926, the property sits in an up and coming area and has a desirable unit mix of two (2) studios, one (1) one bedroom/ one bathroom unit, and three (3) two bedroom/ one bathroom units; there is also a two bedroom/ one bathroom converted patio. The property was built as a 3 unit and currently is a legal 3 unit. The property has the opportunity to be financed with a bridge lender who can offer 70% LTV at 6% interest only. Tenants enjoy on-site laundry, garage parking, and detached structures which allows for increased privacy.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T09:49:26.64. 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/95093731

    3733 Bostwick Street Los Angeles (City), CA 90063

    • Price: $1,200,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 19469522
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,810
    SQFT
    $315
    $/SQFT
    1926
    Built
    County:
    Los Angeles
    Property Description
    We are pleased to present a six unit multifamily property located in City Terrace, California. Situated at 3733 Bostwick Street, west of North Hazard Avenue and south of the 10 Freeway, the property is well positioned in a quiet area within City Terrace that is adjacent to Boyle Heights.Constructed in 1926, the property sits in an up and coming area and has a desirable unit mix of two (2) studios, one (1) one bedroom/ one bathroom unit, and three (3) two bedroom/ one bathroom units; there is also a two bedroom/ one bathroom converted patio. The property was built as a 3 unit and currently is a legal 3 unit. The property has the opportunity to be financed with a bridge lender who can offer 70% LTV at 6% interest only. Tenants enjoy on-site laundry, garage parking, and detached structures which allows for increased privacy.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Appraiser Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 7.03 Gross Multiplier 10.00 Gross Operating Income 120007.00 Improvements Amount 158100 Land Value 357000 Laundry YN Yes Net Operating Income 84311.00 Special Listing Conditions Standard Total Expenses 32956.00 Zoning Lcr2*

    Listing provided courtesy of Jason Tuvia of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T09:49:26.64. 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