$2,595,000

Estimated payment $17,062/month

18 Beds
12 Baths
6,578 Sq Ft
$394 Price per Sq Ft

Highlights

  • Contemporary Architecture
  • Laundry closet
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring
  • Wrought Iron Fence

About This Home

Huge newer construction Boyle Heights single parcel 6 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + previously RTI plans for (2) 1 Bed “Tiny Home” ADUs. Constructed in 2017, the property is exempt from LA RSO and CA Statewide AB1482 rent control. Luxury newer construction finishes and features include in-unit laundry, stainless appliances with microwaves, dishwashers, and fridges, recessed
overhead lighting, central AC, vaulted ceilings and balconies in upper units, vinyl plank flooring, master suites, fire sprinklers, modern open concept floor plans, and new landscaping. All utilities are separately metered leaving zero utility expenses for the owner. High yield, low expense property at a true in-place cap rate of 6.2% on proven actuals and a GRM of 11.49 plus upside to 9.7X GRM and a 7.7% cap rate after ADU construction. Very well parked with 10 parking spaces plus additional driveway parking. Conveniently located in Boyle Heights just 2 miles to Downtown LA Arts District across the 6th Street Bridge. Walk to LA Metro Gold Line for direct access to Metro Center. Directly across the street from Stevenson Middle School. 3.5 Miles to Keck USC Hospital. 4 Miles to Cal State LA. 6 Miles to Dodger Stadium. 7.5 Miles to USC. Close access to the 5, 10, 60, and 710 freeways.

Listing Agent

Anthony Walker

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 06/11/2026

Co-Listing Agent

Josh Ess

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Lot Details

  • 8,939 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Rectangular Lot

Home Design

  • Contemporary Architecture
  • Apartment
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,578 Sq Ft Home
  • 2-Story Property
  • Laundry closet

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Driveway

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Standard Electricity

Listing and Financial Details

  • Legal Lot and Block 15 / 9
  • Tax Tract Number 2049
  • Assessor Parcel Number 5188008015
  • $1,358 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,510
  • Insurance Expense $3,500
  • Maintenance Expense $1,940
  • Pest Control $540
  • Professional Management Expense $10,729
  • New Taxes Expense $32,438
  • Operating Expense $53,250
  • Gross Income $225,840
  • Net Operating Income $161,325

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

8,939 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 6.20
  • Professional Management Expense: 10729.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3510.00
  • Parcel Number: 5188008015
  • Year Built: 2017
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 394.50

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Microwave, Refrigerator, Gas Range, Dishwasher
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Inside, In Closet
  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8939.00
  • Lot Size Acres: 0.2052

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 225840.00
  • Gross Multiplier: 11.49
  • Gross Operating Income: 214035.00
  • Gross Scheduled Income: 225300.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 8939.0000 Square Feet
  • Maintenance Expense: 1940.00
  • Net Operating Income: 161325.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 53250.00
  • Other Income1: 540.00
  • Other Income Description: Pet Rent
  • Rent Control: No
  • Total Actual Rent: 18775.00
  • Total Expenses: 53250.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 32438.00
  • Tax Block: 9
  • Tax Lot: 15
  • Tax Tract: 2049.1
  • Tax Tract Number: 2049.1
  • TaxOtherAnnualAssessmentAmount: 1358.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,060 $2,922,564 $2,002,498 $920,066
2024 $35,627 $2,865,260 $1,963,234 $902,026
2023 $34,945 $2,809,080 $1,924,740 $884,340
2022 $32,996 $2,754,000 $1,887,000 $867,000
2021 $32,578 $2,700,000 $1,850,000 $850,000
2020 $21,230 $1,699,027 $838,192 $860,835
2019 $20,400 $1,665,713 $821,757 $843,956
2018 $5,312 $423,300 $311,712 $111,588
2016 $724 $41,993 $18,818 $23,175
2015 $633 $41,363 $18,536 $22,827
2014 $645 $40,553 $18,173 $22,380
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/11/2026 06/11/26 For Sale $2,595,000 -- $394 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $2,700,000 First American Title Company
Grant Deed $1,083,500 Lawyers Title
Grant Deed $415,000 Lawyers Title
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $2,025,000 Commercial
Previous Owner $290,500 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26127927

California Regional Multiple Listing Service (CRMLS)

APN: 5188-008-015

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