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1917 New Jersey St
Los Angeles, CA 90033
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Triplex in Boyle Heights - Adjacent to White Memorial Hospital
- Back units are both 1 BR + 1 Bath Units
- Below market rents. Value-add opportunity
- Front House is 5 BR + 2 Baths - Perfect for an owner-occupier
- Individually metered for gas and electric
- Property will be delivered with tenants in place.
Executive Summary
The New Jersey Residences are a triplex in Boyle Heights adjacent to White Memorial Hospital. The three unit property has a front 5 BR + 2 Bath stand alone 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 apartment units has been tastefully renovated with new flooring and updated kitchen appliances. The front 5 bedroom house has old world charm, central air and hardwood floors throughout. The triplex 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.
Property Facts
| Price Per Unit | $275,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.04% | Building Size | 2,706 SF |
| Gross Rent Multiplier | 10.81 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | LARD 1.5 - Restricted Density Multiple Dwelling | ||
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Gross Rent Multiplier | 10.81 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.14 AC |
| Building Size | 2,706 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | LARD 1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 1 | $3,679 | - |
| 1+1 | 1 | $1,748 | - |
| 1+1 | 1 | $1,553 | - |
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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