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$ 2,292,000
Est. payment | /mo
18 Beds
7,168 SqFt
$ 2,292,000
Est. payment | /mo
18 Beds
7,168 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,168 sqft
Price per Sqft $319
MLS Listing ID CL26831375
Bedrooms 18
HOA Y/N No
Year Built 2020
Lot Size 5,902 Sqft
Acres 0.14
Property Sub-Type OTHER
Property Description
2853 Cincinnati St. is a newly constructed 2020 triplex located in the heart of Boyle Heights near the corner of North Evergreen Ave. and Cincinnati St. This hillside location offers sweeping views of Downtown LA and the San Gabriel Mountains. With approximately 7,168 SF of building area, the property features 3 generous units grossing approximately $17,900 per month and $214,800 a year. Several units feature private balconies with views. All units include central AC and tankless on-demand water heaters. Property offers garage plus surface parking for approximately 6 -7 vehicles. Surrounded by popular restaurants, markets, and easy access to Downtown Los Angeles, this professionally managed asset offers strong income with additional upside potential. With a 6.6% Cap Rate and 10.7 GRM this represents a opportunity to acquire newer construction Non-Rent Control Asset in one of Los Angeles' rapidly growing rental markets.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air, Other
Fireplace No
Exterior
View Y/N true
View City Lights, Mountain(s)
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 5178018014
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Listed by Paul Fisher • Compass
Nearby Locations
9030 BRENTWOOD BLVD, BRENTWOOD, California 94513, United States