3672 Percy Street

    Los Angeles (City), CA 90023
    • $2,649,000
    • STATUS: Active
    • ON SITE: 54 days
    • ID#: CV20024547
    UPDATED: 29 min ago
    $2,649,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,572
      SQFT
    • $403
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    Description

    NOW FULLY RENTED OUT, ANOTHER AMAZING NEW CONSTRUCTION LUXURIOUS 6 UNITS APARTMENT IS READY FOR YOUR IMMEDIATE CASH FLOW: This upcoming Boyle Heights neighborhood is just a few minutes to downtown LA. It is conveniently located on the crossroads of Fwys 60, 5, 10 and 101 and very close to the USC Medical Center and LACSU. This property consists of 3 identical duplex buildings built with upgraded interior finishes and quality fixtures, laminate wood floors, modern kitchen counters and cabinets and complete with quality stainless steel appliances including refrigerator/washer/dryer for each unit. This complex is more than just an apartment living, it provides occupants with sense of pride and satisfaction in trendy hip setting that a new built luxury apartment can offer. Steps to nearby schools & park, public transport spots and great restaurants nearby, this neighborhood is vibrant and has great Mariachi entertainments at the town square. There is a 2 car parking spaces per unit and a back alley access. For the savvy investor, this complex offers an attractive projected CAP RATE of 5.41 and GRM of 13.2. Each unit is individually metered for electric, gas, water, sewer and trash and tenants pay all utilities. As a new construction, repairs and maintenance should be down also to the minimum cost over a good span of years.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-01T09:31:33.733. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

    www.hometownnorthcounty.com/homes/102966629

    3672 Percy Street Los Angeles (City), CA 90023

    • Price: $2,649,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: CV20024547
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    6,572
    SQFT
    $403
    $/SQFT
    2018
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    NOW FULLY RENTED OUT, ANOTHER AMAZING NEW CONSTRUCTION LUXURIOUS 6 UNITS APARTMENT IS READY FOR YOUR IMMEDIATE CASH FLOW: This upcoming Boyle Heights neighborhood is just a few minutes to downtown LA. It is conveniently located on the crossroads of Fwys 60, 5, 10 and 101 and very close to the USC Medical Center and LACSU. This property consists of 3 identical duplex buildings built with upgraded interior finishes and quality fixtures, laminate wood floors, modern kitchen counters and cabinets and complete with quality stainless steel appliances including refrigerator/washer/dryer for each unit. This complex is more than just an apartment living, it provides occupants with sense of pride and satisfaction in trendy hip setting that a new built luxury apartment can offer. Steps to nearby schools & park, public transport spots and great restaurants nearby, this neighborhood is vibrant and has great Mariachi entertainments at the town square. There is a 2 car parking spaces per unit and a back alley access. For the savvy investor, this complex offers an attractive projected CAP RATE of 5.41 and GRM of 13.2. Each unit is individually metered for electric, gas, water, sewer and trash and tenants pay all utilities. As a new construction, repairs and maintenance should be down also to the minimum cost over a good span of years.
    Exterior Features

    Construction Materials FrameWood Siding Direction Faces North Fence YN Yes Fencing Block Garage Spaces 0.00 Lot Features Level With StreetLot 6500-9999Rectangular LotLevel Lot Size Dimensions 52 X 173 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No

    Interior Features

    Appliances DishwasherGas RangeTankless Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1079 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Flooring TileWood Heating Central Heating YN Yes Laundry Features Dryer IncludedInsideWasher Included Levels Two Room Type Living RoomMaster BathroomMaster Bedroom Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.41 Community Features SidewalksUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 200580.00 Gross Multiplier 13.20 Gross Operating Income 192560.00 Gross Scheduled Income 200580.00 Have 6 Units Insurance Expense 2585.00 Land Lease YN No Laundry YN Yes Lot Dimensions Source Assessor Maintenance Expense 3900.00 Net Operating Income 143305.00 New Construction YN No New Taxes Expense 32670.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 7 Number Of Units Leased 6 Number With Dishwasher 6 Number With Disposal 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 49255.00 Professional Management Expense 7700.00 Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Fire And Smoke Detection SystemFire Sprinkler SystemSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesCable TvElectricityGasSewerTrash CollectionWater Total Actual Rent 16715.00 Total Expenses 49269.00 Trash Expense 0.00 Vacancy Allowance 8020 Vacancy Allowance Rate 4.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Builder Zoning Lard1.5

    Listing provided courtesy of Arnold Ver of Re/Max 2000 Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-01T09:31:33.733. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

     
    eXp Realty of California Inc.
    2603 Camino Ramon Suite 200
    San Ramon CA, 94583