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2422 E 3rd St
Los Angeles, CA 90033
6U Apt Building in heart of Boyle Heights · Multifamily Property For Sale
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6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 4,200 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Zoning | LARD1.5 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,200 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | LARD1.5 |
ABOUT 2422 E 3RD ST , LOS ANGELES, CA 90033
KW Commercial is pleased to present this low maintenance 4,200 SF 6-Unit Multi-Family Apartment Building in the Boyle Heights neighborhood of East Los Angeles. It is located on 6,230 SF R1.5 zoned lot. The property consists of a total of 6 units. The ground floor has 3 units, (2)-1+1 units and (1)-2+1 unit. The second floor consists of (2)-1+1 units and(1)-3+1 unit. All tenants are currently on a month to month tenancy. The subject property has a carport parking area in the rear of the property with storage boxes for each unit. In addition there is an approximately 300 SF inside/outside storage unit that is currently being used by the owner that may bring additional income for a new owner. The entire roof of the carport has been replaced in October 2017. The subject property is located within the Boyle Heights neighborhood of Los Angeles. It is just 3 parcels east of Soto St and less than .1 miles (3min walk) to the the major signalized intersection of Soto & 4th St. (Metro Bus lines 751, 251, 252, 605 & 106). The property is also located .2 miles (5min walk) from the SOTO GOLD LINE METRO STATION connecting you to Union Station in Downtown LA (only 4 stops away) and Pasadena area. This area is considered a WALKER'S PARADISE with a score of 90. The local retailers within a 5 minute walk of the property include Northgate Gonzalez Markets (0.2 miles away), Smart & Final (0.2 miles away), Carl's Jr(0.2 miles away), Wash & Dry (0.1 miles away), La Lavenderia Coin Wash (0.2 miles away), Chase Bank (0.3 miles away). Roosevelt Year-Round Public Pool & Jacuzzi ( 0.1 miles away) and Hollenbeck Park (0.4 miles away) are in close proximity to the property. Theodore Roosevelt High School (0.2 miles away), Breed Street Elementary School (0.3 miles away) & Hollenbeck Middle School (0.4 miles away) are all in walking distance. Approximately 55,000 people reside within a 1-mile radius and 285,000 people reside within a 3-mile radius. This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking to purchase a minimal maintenance required multi-family property in a growing area, walking distance to public transportation, parks and shopping areas. **Current CAP rate is 3.15%**DRIVE BY ONLY**
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 1 | - | 800 |
| 3+1 | 1 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 5180-004-023 | Improvements Assessment | $421,663 |
| Land Assessment | $638,074 | Total Assessment | $1,059,737 |
PROPERTY TAXES
