2611 East 4th Street

Los Angeles, CA 90033

$2,995,000
Price
19
Beds
11
Baths
7,331 Sq. Ft.
$409 / Sq. Ft.
7,331
Sq. Ft.
$409
per Sq. Ft.

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!
  1. Listed by Ken Shapiro • DRE #01715663 • Brokerage DRE #01715663 • Silverwood Properties

Property Details for 2611 East 4th Street

Zoning
LAC1
Style
Contemporary
Cross Streets
4th St between Mott and Fickett
Parcel Number
5180012032
Total Units
5.0
Living Area
7331
Source Living Area
Assessor
Area
Boyle Heights (BOYH)
LISTING UPDATED: 11/19/2024 03:41 PM

Property Details for 2611 East 4th Street

StatusActive
MLS #24-465335
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.14 AC / 6,246 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: Attached
  • Direction Faces: South
  • Property Condition: New Construction
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $243,276
  • Net Operating Income: $250,064.00
  • Gross Income: $250,800
  • Cap Rate: 6.67%
  • Gross Rent Multiplier: $11.97
  • Actual Annual Gross Rent: $250,080.00
  • Actual Rent Total: $250,080.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 50016
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1434
  • Lot Size Square Feet: 6246
Parking Details
Parking Details
  • Parking Garage: Carport, Gated, Tandem
  • Total Parking: 8
  • Covered Parking: 6
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 6
  • Parking Features: Carport, Gated, Tandem Garage
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: Other
  • Pool Features: See Remarks
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,320.00
  • Unit Actual Rent: $12,960.00
  • Unit Projected Rent: $12,960.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,980.00
  • Unit Actual Rent: $4,980.00
  • Unit Projected Rent: $4,980.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $546,290.00
  • Assessed Improvement Percent: 51.6
  • Assessed Land Value: $512,512.00
  • Assessed Land Percent: 48.4
  • Assessed Total Value: $1,058,802.00

Property History for 2611 East 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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2611 East 4th Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on November 19, 2024 by Silverwood Properties, it's currently listed at $2,995,000. It has been on the market for a total of 2 days and was last sold on June 15, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include First Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 2611 East 4th Street is a 19-bed, 11-bath, 7,331 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Silverwood Properties, Ken Shapiro, DRE #01715663

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.