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7-Unit Multifamily 3555 Siskiyou St 7 Unit Apartment Building $1,399,000 ($199,857/Unit) 3.53% Cap Rate Los Angeles, CA 90023



INVESTMENT HIGHLIGHTS
- Lender Owned
- Very Walkable Location Just Off Whittier Blvd
- Two of 7 Units Vacant
- All Two Bed Units
- RD1.5 Zoning
- Value Add Opportunity
EXECUTIVE SUMMARY
3555 Siskiyou Street is a 7-unit +/-5,550 SF multifamily property located in the Boyle Heights neighborhood of Los Angeles. The unit mix consists of six separate Tudor style buildings. The unit mix includes (6) 2 bed/1 bath units and (1) 2 bed/1.5 baths unit. Two of the buildings are newer permitted ADU’s and are vacant. There’s no Certificate of Occupancy for the two vacant ADU units. Zoned RD1.5, the property sits on two lots totaling ±11,236 SF. The property includes an attractive gated lawn in the front of the property. There is onsite parking along with an additional storage unit in the rear of the property. Located just off of Whittier Blvd, there is easy access to local grocers, restaurants and cafes. Close to Downtown Los Angeles, Little Tokyo & the Arts District via MTA Gold Line and all major freeways. The neighborhood has a walk score of 87.
PROPERTY FACTS
| Price | $1,399,000 | Property Subtype | Apartment |
| Price Per Unit | $199,857 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.53% | Lot Size | 0.26 AC |
| Sale Condition | REO Sale | Building Size | 5,550 SF |
| Gross Rent Multiplier | 11.1 | Average Occupancy | 71% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1929 |
| Zoning | RD1.5 - restricted Density Multiple Dwelling | ||
| Price | $1,399,000 |
| Price Per Unit | $199,857 |
| Sale Type | Investment |
| Cap Rate | 3.53% |
| Sale Condition | REO Sale |
| Gross Rent Multiplier | 11.1 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,550 SF |
| Average Occupancy | 71% |
| No. Stories | 1 |
| Year Built | 1929 |
| Zoning | RD1.5 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Storage Space
- Yard
- Garden
- Lawn
SITE AMENITIES
- Fenced Lot
- Storage Space
1 1
Walk Score®
Very Walkable (85)
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VIDEOS
MATTERPORT 3D EXTERIOR
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7-Unit Multifamily | 3555 Siskiyou St
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