223 N St. Louis Street,  Los Angeles CA, 90033 (Residential Income)

5,000 sqft
Status: Pending
MLS#: CV16127340
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Last Updated: 12/5/2016 11:13 PM
Description for 223 N St. Louis Street Los Angeles, CA 90033
This is an amazing brand new construction project just rented out. Only a few yards across the police station and in the heart of Boyle Heights, it is only 10 min. to the Arts District and to DTLA. Very close to stores, main streets, schools and convenient access to the 5, 10 and 60 FWY, this 4 unit complex gives your tenants condo-style living. There are 2 separate duplexes each with upper and lower level units complete with the modern luxury. The units have expansive open floor plans where the living room, dining and gourmet kitchen flow seamlessly. The vaulted ceilings and skylights are congruent with that open vast feel. The spacious master bedrooms have master bath with great finishes! The kitchen is one for entertainers with classic quartz counter tops, stainless steel appliance line in each unit and plenty of cabinet space. All units are 3bd 2ba, 1248 sq. ft. furnished with refrigerators, washers/dryers and 2 parking spaces for each. This is perfect for an investor looking for a sound investment in a hot area. All utilities have separate meters for electric, gas and water, and maintenance/repairs at very minimum. Upper units now rented for $2800/unit, lower for $2600/unit. Very attractive CAP Rate of 5.7 and GRM of 12.3 CHECK OUT THE PHOTOS, DRIVE-BY SHOWING, offer subject to interior inspection.
Price
$1,599,995
Los Angeles
5,000 (approx)
CV16127340
Pending
Description
This is an amazing brand new construction project just rented out. Only a few yards across the police station and in the heart of Boyle Heights, it is only 10 min. to the Arts District and to DTLA. Very close to stores, main streets, schools and convenient access to the 5, 10 and 60 FWY, this 4 unit complex gives your tenants condo-style living. There are 2 separate duplexes each with upper and lower level units complete with the modern luxury. The units have expansive open floor plans where the living room, dining and gourmet kitchen flow seamlessly. The vaulted ceilings and skylights are congruent with that open vast feel. The spacious master bedrooms have master bath with great finishes! The kitchen is one for entertainers with classic quartz counter tops, stainless steel appliance line in each unit and plenty of cabinet space. All units are 3bd 2ba, 1248 sq. ft. furnished with refrigerators, washers/dryers and 2 parking spaces for each. This is perfect for an investor looking for a sound investment in a hot area. All utilities have separate meters for electric, gas and water, and maintenance/repairs at very minimum. Upper units now rented for $2800/unit, lower for $2600/unit. Very attractive CAP Rate of 5.7 and GRM of 12.3 CHECK OUT THE PHOTOS, DRIVE-BY SHOWING, offer subject to interior inspection.
Listing Information
Property Type: Cluster, Contemporary, 2 Story
0.16 Acres 715,800 sq.ft. 5,000 (approx)
$320 2016
2
4 Total
Neighborhood
Room Information
Living Room
1 Master Suite
Inside
Bathtub, Low-Flow Shower, Low-Flow Toilet
Interior Features
Dishwasher, Range/Oven Free Standing, Garbage Disposal, Range Hood, Refrigerator, Exhaust Fan/Hood, Dryer, Washer, Carbon Monoxide Detector
Hardwood Laminate
Central Air
No Fireplace
Alarm -Smoke/Fire, Alarm,
Open Floor Plan, Recessed Lights, Tile Counter Top, Fire Sprinklers
Exterior / Lot Features
8 Parking Spaces, Assigned Parking Space
Balcony
Composition
None
No Pool
Block, Wood
Sidewalks, Street Lights, Urban
Driving Directions
Cross Streets: S/Cesar Chavez, N/1st St
Financial Considerations
5183007022
$129,600 Income ,$38,144Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90033 has a population of 3,804,503.

The median household income in Los Angeles, California 90033 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90033 is 34.1 years.

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Courtesy: RE/MAX 2000 REALTY ARNOLD VER
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