NOT LISTED FOR SALE
17 Beds
13 Baths
5,881 Sq Ft
7,559 Sq Ft Lot

Last Sold October 26, 2021

Last sale price $2,555,000 $434 Per Sq Ft

Highlights

  • New Construction
  • Multi-Level Bedroom
  • Stone Countertops
  • In Ground Pool
  • Contemporary Architecture
  • Den

About This Home

As of October 2021

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.

Last Agent to Sell the Property

Alex Valenzuela

Keller Williams Los Angeles License #01216170 Listed on: 10/05/2021

Keller Williams Los Angeles

Last Buyer's Agent

Colt Maloney

Figure 8 Realty License #01952570

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 7,559 Sq Ft Lot
  • Property is zoned LARD1.5

Parking

  • 3 Open Parking Spaces
  • 7 Car Garage
  • Controlled Entrance

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Flat Roof Shape

Interior Spaces

  • 5,881 Sq Ft Home
  • 3-Story Property
  • Den

Kitchen

  • Oven
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 17 Bedrooms
  • Multi-Level Bedroom
  • 13 Bathrooms
  • Double Vanity

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Sewer in Street

Community Details

Listing and Financial Details

  • Tenant pays for electricity, gas, water, trash collection
  • Assessor Parcel Number 5186-015-045

Home Details

Home Type

Single Family

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 5881
  • Lot Acreage: 0.1735
  • Probate: No
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2021
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Number Dishwasher: 4
  • Number Disposal: 4
  • Flooring: Laminate, Tile
  • Appliances: Gas, Microwave, Oven
  • Bedrooms: 17
  • Bedroom Features: Multi-Level Bedroom, Master Bedroom
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Double Vanity(s)
  • Kitchen Features: Stone Counters
  • Laundry: In Unit, On Upper Level
  • Total Bathrooms: 13.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Water Line to Refrigerator, Washer, Vented Exhaust Fan, Range/Oven, Microwave, Ice Maker
  • Price Per S Q F T: 439.55

Exterior Features

  • Other Structures: None
  • Number Patio: 4
  • Pool Description: Fenced
  • Pool: Yes
  • Roof: Flat
  • View: No

Garage/Parking

  • Garage Spaces: 7
  • Other Spaces: 3
  • Covered Parking: 7
  • Number Rented Garages: 4
  • Parking Garage: Controlled Entrance
  • Total Parking: 10

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Number Electric Meters: 5
  • Number Gas Meters: 4
  • Number Water Meters: 4
  • Sewer: In Street
  • Water: Public

Lot Info

  • Assessed Improvement Value: 2200000
  • Total Assessed Value: 2408908
  • Assessor Parcel Number: 5186-015-045
  • Lot Size Area: 7559

Rental Info

  • Number Leased: 4
  • Total Actual Rent: 172800.00
  • Land Lease Type: Fee
  • Tenant Pays: Electricity, Gas, Water, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 4
  • Type Of Units: Condo style
  • Vacancy Allow: 5148
  • Vacancy Allow Percent: 3.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
10/26/2021 10/26/21 Sold $2,555,000 -1.2% $434 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $2,585,000 -- $440 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-791980

The MLS