2611 East 4th Street
$2,995,000
19
11
7,331
7,331
$409
Description
I challenge you to find any multi-family these days in City of L. A. that has a true cap rate of 6.67 and a gross rent multiplier of 11.97. Never mind one that is brand new construction, in a good location, with ample parking and amenities such as rooftop decks with mountain views. Yet that is exactly what you are getting here at 2611 E 4th St! The rooftop decks, by the way, have proven to be a huge amenity, as they allow the tenant to entertain on a large scale in a highly aesthetic setting without...I challenge you to find any multi-family these days in City of L. A. that has a true cap rate of 6.67 and a gross rent multiplier of 11.97. Never mind one that is brand new construction, in a good location, with ample parking and amenities such as rooftop decks with mountain views. Yet that is exactly what you are getting here at 2611 E 4th St! The rooftop decks, by the way, have proven to be a huge amenity, as they allow the tenant to entertain on a large scale in a highly aesthetic setting without disturbing other tenants on the premises. Delivered vacant, your tenants will be thrilled to pay the rents listed here, in dwellings that include very attractive finishes and layouts, all standard amenities including central heat and air, dishwasher and appliances. Also in unit laundry in each unit (washer/dryer not provided - hookups only.) All but one of the units will enjoy two car parking. As far as location, this property is a mile away from the 4th St Bridge that takes one right into the Art District, Little Tokyo and all other downtown venues. Not to mention that Boyle Hts itself, particularly this section of Boyle Hts, is truly burgeoning into one of LA's most charming and flourishing neighborhoods, in leaps and bounds. And this property is right in the thick of it all. Bottom line - as a landlord/property owner, you will thoroughly enjoy owning a property which not only cash flows, but will give you no headaches or unexpected expenses, being a brand new construction property, and tons of upside. Oh yes, forgot to mention that tenants pay for ALL utilities including water and trash. Oh, and one other very important thing - I have a lender who will give 30 yr fixed financing despite the fact the property is 5 units! Oh, and of course you can come see the property anytime. Looking forward to seeing you!
- Listed by Ken Shapiro • DRE #01715663 • Brokerage DRE #01715663 • Silverwood Properties
Property Details for 2611 East 4th Street
Zoning
LAC1
StyleContemporary
Cross Streets4th St between Mott and Fickett
Parcel Number5180012032
Total Units5.0
Living Area7331
Source Living AreaAssessor
AreaBoyle Heights (BOYH)
LISTING UPDATED: 11/19/2024 03:41 PM
Property Details for 2611 East 4th Street
Status | Active |
---|---|
MLS # | 24-465335 |
Days on Market | 2 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2023 |
Lot Size | 0.14 AC / 6,246 SF |
County | Los Angeles County |
Building Information for 2611 East 4th Street
Stories3Residences-Year Built2023Building Size-Lot Size0.14 AC / 6,246 SF
Property Information for 2611 East 4th Street
Property History for 2611 East 4th 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 2611 East 4th Street
Taxable ValueLand$522,762Additions$994,122Total$1,516,884
Tax Record2024$19,008 ($1,584 / month)
Home Facts
Total Finished SqFt7,331 SqFtAbove Grade Finished SqFt7,331 SqFtLot Size6,244 SqFtStyleMulti-Family Res (5+ Units)ZoningLAC1CountyLOS ANGELESAPN5180-012-032
Schools near 2611 East 4th 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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