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1917 New Jersey St 3 Unit Apartment Building Offered at $879,000 at a 5.59% Cap Rate Los Angeles, CA 90033
Investment Highlights
- Triplex in Boyle Heights with a large 5 BR + bath front house and two 1 BR + 1 Bath bungalow type units
- Good Boyle Heights location directly adjacent to White Memorial Hospital and just south of East Cesar Chavez Ave
- The house will be delivered with tenants in place. Current tenants are paying $3,357 a month for front house.
- One of the 1 BR units is currently vacant!
- Property was originally constructed in 1910, the size of the lot is, 5,920 SF and it is zoned LAR3
- Wonderful opportunity for an owner-occupier or astute multi-family investor looking for a value-add triplex in East LA
Executive Summary
Miller & Desatnik Realty Corp is proud to present The New Jersey Residences a triplex in Boyle Heights with a front 5 BR + 2 Bath house that would be perfect for an owner-occupier or astute value-add multi-family investor. Behind the front house are two 1 BR + 1 Bath bungalow type units. One of the 1 BR units is currently VACANT! The vacant 1 BR unit has been tastefully renovated with new flooring and updated kitchen appliances. The subject property was originally constructed in 1910 and is approximately 2,706 SqFT of total rentable space. The size of the lot is approximately 5,920 SqFt and is Zoned LARD 1.5. The property will be delivered with the front tenants in place who are currently paying $3,357 a month in rent. If new owners will like to move in the front house they will be responsible to pay the tenant relocation costs. Each unit is individually metered for gas and electric. Good Boyle Heights location, adjacent to White Memorial Hospital and just south of East Cesar Chavez Ave.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $879,000 | Property Type | Multifamily |
| Price Per Unit | $293,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,706 SF |
| Cap Rate | 5.59% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.25 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1910 |
| Zoning | LARD 1.5 | ||
| Price | $879,000 |
| Price Per Unit | $293,000 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| Gross Rent Multiplier | 11.25 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 2,706 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | LARD 1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 1 | $3,357 | - |
| 1+1 | 1 | $1,850 | - |
| 1+1 | 1 | $1,306 | - |
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (74)
Property Taxes
| Parcel Number | 5174-006-015 | Improvements Assessment | $261,699 |
| Land Assessment | $477,885 | Total Assessment | $739,584 |
Property Taxes
Parcel Number
5174-006-015
Land Assessment
$477,885
Improvements Assessment
$261,699
Total Assessment
$739,584
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