We are please to present this brand new 5-Unit Multi-Unit Development in the booming Boyle Heights. This ground-up construction project is ideal for anyone looking to add units to their investment portfolio. This 5 Unit investment property is scheduled to generate good cash flow (projected at 5.6% CAP) with the benefit of owning a low maintenance property for years to come. All units come with their own utility meters, passing all utility expenses onto the tenants. The large lot allows ample onsite parking for tenants which is rare to find in Los Angeles. There are approximately 10 assigned parking spaces with room to add 2 more spaces. This rapidly developing neighborhood has several new developments in the area, with two new projects just West of Subject on the same block. Location is sought out by both families and working professionals due to it's proximity to Downtown Los Angeles. There are a total of 3 separate buildings. Front Building consists of 2 Units with 3 bed & 2 bath each. Middle Building consists of 2 Units with 3 bed & 2 bath each. Rear Building is a standalone 2-story SFR with 4 bed and 2.5 bath. All units include their own in-unit washer and dryer, stainless steel refrigerator, stove and microwave hood, and dishwasher. All units are equipped with Central A/C and Heat as well as tankless water heaters.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $2,495,000 | Keller Williams SELA | ||
Listed For Sale | $2,495,000 | Keller Williams SELA |
Middle School Robert Louis Stevenson Middle | 0.1 miles away | 06 - 08 | |
Elementary School Lorena Street Elementary | 0.4 miles away | KG - 05 | |
High School Oscar De La Hoya Animo Charter High | 0.5 miles away | 09 - 12 |