$2,695,000
NEW CONSTRUCTION $300K PRICE DROP

2611 E 4th St Los Angeles, CA 90033

Estimated payment $17,579/month

Total Views 6,984
19 Beds
11 Baths
7,331 Sq Ft
$368 Price per Sq Ft

Highlights

  • New Construction
  • In Ground Pool
  • Contemporary Architecture
  • Felicitas and Gonzalo Mendez High Rated A-
  • Gated Parking
  • Tandem Parking

About This Home

I challenge you to find any multi-family these days in City of L.A. that has a true cap rate of 6.67 and a gross rent multiplier of 11.97. Never mind one that is brand new construction, in a good location, with ample parking and amenities such as rooftop decks with mountain views. Yet that is exactly what you are getting here at 2611 E 4th St! The rooftop decks, by the way, have proven to be a huge amenity, as they allow the tenant to entertain on a large scale in a highly aesthetic setting without disturbing other tenants on the premises. Delivered vacant, your tenants will be thrilled to pay the rents listed here, in dwellings that include very attractive finishes and layouts, all standard amenities including central heat and air, dishwasher and appliances. Also in unit laundry in each unit (washer/dryer not provided - hookups only.) All but one of the units will enjoy two car parking. As far as location, this property is a mile away from the 4th St Bridge that takes one right into the Art District, Little Tokyo and all other downtown venues. Not to mention that Boyle Hts itself, particularly this section of Boyle Hts, is truly burgeoning into one of LA's most charming and flourishing neighborhoods, in leaps and bounds. And this property is right in the thick of it all. Bottom line - as a landlord/property owner, you will thoroughly enjoy owning a property which not only cash flows, but will give you no headaches or unexpected expenses, being a brand new construction property, and tons of upside. Oh yes, forgot to mention that tenants pay for ALL utilities including water and trash. Oh, and one other very important thing - I have a lender who will give 30 yr fixed financing despite the fact the property is 5 units! Oh, and of course you can come see the property anytime. Looking forward to seeing you!

Listing Agent

Ken Shapiro

Silverwood Properties License #01715663 Listed on: 03/22/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 6,246 Sq Ft Lot
  • South Facing Home

Parking

  • 2 Open Parking Spaces
  • 6 Car Garage
  • Carport
  • Tandem Parking
  • Gated Parking

Home Design

  • Contemporary Architecture

Interior Spaces

  • 7,331 Sq Ft Home
  • 3-Story Property
  • Laundry in unit

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 11 Bathrooms

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5180-012-032

Property Details

Home Type

Multi-Family

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 7331
  • Lot Acreage: 0.1434
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2023
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Laundry: In Unit
  • Total Bathrooms: 11.00
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Price Per S Q F T: 367.62

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 6
  • Other Spaces: 2
  • Covered Parking: 6
  • Parking Garage: Carport, Gated, Tandem
  • Total Parking: 8

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 51.60
  • Assessed Improvement Value: 546290
  • Assessed Land Percent: 48.4
  • Assessed Land Value: 512512
  • Total Assessed Value: 1058802
  • Assessor Parcel Number: 5180-012-032
  • Lot Size Area: 6246

Rental Info

  • Total Actual Rent: 250080.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.25
  • Number Of Units: 5
  • Total Annual Expense: 50016
  • Type Of Units: Attached
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 100%

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2025 03/22/25 For Sale $2,695,000 0.0% $368 / Sq Ft
03/18/2025 03/18/25 Off Market $2,695,000 -- --
03/07/2025 03/07/25 Price Changed $2,695,000 -6.9% $368 / Sq Ft
03/06/2025 03/06/25 Price Changed $2,895,000 -3.3% $395 / Sq Ft
02/28/2025 02/28/25 Price Changed $2,995,000 0.0% $409 / Sq Ft
02/28/2025 02/28/25 For Sale $2,995,000 -17.9% $409 / Sq Ft
01/28/2025 01/28/25 Off Market $3,650,000 -- --
01/20/2025 01/20/25 Price Changed $3,650,000 +21.9% $498 / Sq Ft
12/20/2024 12/20/24 For Sale $2,995,000 0.0% $409 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
11/19/2024 11/19/24 For Sale $2,995,000 -- $409 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 24-465335

The MLS