207 North Savannah Street
$2,300,000
26
17
11,170
11,170
$206
Description
Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three studio units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. This property is located in the Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles and The Arts District. This property sits on North Savannah Street,...Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three studio units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. This property is located in the Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles and The Arts District. This property sits on North Savannah Street, between Cesar Chavez Avenue and 1st Street, just west of Evergreen Avenue. Tenants of the building benefit from immediate access to the 10-freeway, and less than a 14-minute bike ride to the Art's District of Downtown Los Angeles. Additionally, the Gold Line Station at Soto Street is only a 10-minute walk and gives access to employment hubs throughout Los Angeles MSA. The Sixth Street Viaduct opened to the public in July 2022 and adds another thoroughfare into the Arts District. The $588 million-dollar project crosses over a new public park. The much-discussed effort to restore the Los Angeles River continues to drive new development in the surrounding neighborhoods as eight firms compete to restore the section of the river that runs between Downtown Los Angeles and Boyle Heights. This property offers an investor the rare opportunity to acquire a mid-century constructed asset at an extremely favorable basis of $135,294 per Unit for mostly two-bedroom units, with on-site parking.
- Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 207 North Savannah Street
Zoning
LAR2
Parcel Number5180015028
Total Units17.0
Living Area11170
Source Living AreaAssessor
AreaBoyle Heights (BOYH)
Vacancy Rate0
Lot Size Area14285
LISTING UPDATED: 10/07/2024 09:56 AM
Property Details for 207 North Savannah Street
Status | Active |
---|---|
MLS # | 24-445363 |
Days on Market | 46 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1932 |
Lot Size | 0.33 AC / 14,285 SF |
County | Los Angeles County |
Building Information for 207 North Savannah Street
Stories2Residences-Year Built1932Building Size-Lot Size0.33 AC / 14,285 SF
Property Information for 207 North Savannah Street
Property History for 207 North Savannah Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 207 North Savannah Street
Taxable ValueLand$1,608,302Additions$1,314,125Total$2,922,427
Tax Record2024$36,934 ($3,078 / month)
Home Facts
Total Finished SqFt11,170 SqFtAbove Grade Finished SqFt11,170 SqFtLot Size14,285 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningLAR2CountyLOS ANGELESAPN5180-015-028
Schools near 207 North Savannah Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
First Street Elementary School PublicK to 6 | ||
Extera Public Schools CharterK to 8 | ||
Theodore Roosevelt Senior High Public9 to 12 | ||
Felicitas And Gonzalo Mendez High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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