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Listing Details

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School Ratings & Info

Description

Back on the market - Brand New Construction! Four new, townhouse style rental units collecting $171,600/year. Certificate of occupancy is ready to go. All 4 units are fully leased at market rate with great cash flow. This one of a kind three-story multi-family townhouse style construction that rests on a large, 7,874 sf lot. All units have attached garages and are individually metered for all utilities such as water, gas, and electric. Owner/Landlord has ZERO utility expense! All units include new appliances consisting of stainless steel refrigerator, dishwasher, in unit washer and dryer, stove and microwave hood. Other features include Central A/C and Heating, Private Patios, 4 separate garages under each unit, and remote access gate at the entrance of the property. These units are extremely energy efficient and can be marketed as such. All units include high efficiency HVAC, LED lighting, a rain water capture system and energy efficient appliances. This building is centrally located which means tenants will be plentiful. This prime location of Boyle Heights approximately 3 miles from Downtown Los Angeles, the Arts District and USC's Health Sciences campus, and 4 miles from Cal State Los Angeles and East Los Angeles College and the Citadel Outlets.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T12:27:12.83. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/118919534
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3320 E 6Th Street Los Angeles (City), CA 90023

  • Price: $2,585,000
  • Status: Active
  • Updated: 41 min ago
  • ID#: 21752740
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2021
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
Back on the market - Brand New Construction! Four new, townhouse style rental units collecting $171,600/year. Certificate of occupancy is ready to go. All 4 units are fully leased at market rate with great cash flow. This one of a kind three-story multi-family townhouse style construction that rests on a large, 7,874 sf lot. All units have attached garages and are individually metered for all utilities such as water, gas, and electric. Owner/Landlord has ZERO utility expense! All units include new appliances consisting of stainless steel refrigerator, dishwasher, in unit washer and dryer, stove and microwave hood. Other features include Central A/C and Heating, Private Patios, 4 separate garages under each unit, and remote access gate at the entrance of the property. These units are extremely energy efficient and can be marketed as such. All units include high efficiency HVAC, LED lighting, a rain water capture system and energy efficient appliances. This building is centrally located which means tenants will be plentiful. This prime location of Boyle Heights approximately 3 miles from Downtown Los Angeles, the Arts District and USC's Health Sciences campus, and 4 miles from Cal State Los Angeles and East Los Angeles College and the Citadel Outlets.
Exterior Features

Architectural Style Contemporary Number Of Separate Electric Meters 5 Parking Features Controlled Entrance Parking Total 7 Pool Features Fenced Pool Private YN No View None View YN No

Interior Features

Appliances DishwasherDisposalMicrowaveOvenVented Exhaust FanDryerWasher Cooling Central Air Cooling YN Yes Flooring LaminateTile Heating Central Heating YN Yes

Property Features

Buyer Financing Cash Garage YN Yes Gross Income 172800 Insurance Expense 2000 Land Lease YN No Laundry Features Upper Level Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 600 Net Operating Income 1384005 New Taxes Expense 31200 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Possession Close Of Escrow Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasTrash CollectionWater Total Actual Rent 172800 Zoning Lard1.5

Listing provided courtesy of Alex Valenzuela of Keller Williams Realty Downey


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T12:27:12.83. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505