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3 Single Story Units | Boyle Heights 3560 Siskiyou St 3 Unit Apartment Building $849,000 ($283,000/Unit) Los Angeles, CA 90023

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INVESTMENT HIGHLIGHTS

  • Three single story detached homes located in the East Los Angeles/Boyle Heights Neighborhood
  • High density zoned (LARD1.5) with triple frontage lot on an 8,715 square foot lot
  • This location is considered 'Very Walkable with an 85 Walk Score'
  • For sale for the first time in 23 years as it has been family owned, managed and operated for over two decades
  • Substantial rental upside potential of +/- 96%
  • Conveniently located near the 5, 60 and 101 freeways

EXECUTIVE SUMMARY

***$849,000 for 3 Units*** We are pleased to present three single story detached homes located in the East Los Angeles/Boyle Heights Neighborhood area. This property is being offered for sale for the first time in 23 years as it has been family owned, managed and operated for over two decades. Opportunity knocks to invest in this high density zoned (LARD1.5) with triple frontage lot on an 8,715 square foot lot. The three separate structures are outlined with a front house (3 bedroom + 1.5 bathroom, of 1,400 square foot and built in 1929), a middle cottage (2 bedroom + 1 bathroom, of 746 square foot and built in 1982**this unit is not subject to LA City RSO), and a rear cottage (2 bedroom + 1 bathroom, of 936 square foot and built in 1920). A new investor has substantial rental upside potential of +/- 96% with minimum expenses as these units are separately metered for gas and electricity. This location is considered 'Very Walkable with an 85 Walk Score'. Also, it is conveniently located near the 5, 60 and 101 freeways. Please note, this property is subject to Los Angeles City Rent Control (with the exception of 1 unit). Buyer to verify at their own expense. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the office. No showing appointments, all access is via offer subject to inspection. Please do not contact occupants, do not walk on property, drive by only.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $53,964 $33.98
Other Income - -
Vacancy Loss $1,619 $1.02
Effective Gross Income $52,345 $32.96
Taxes - -
Operating Expenses - -
Total Expenses $19,751 $12.44
Net Operating Income $32,594 $20.53

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $53,964
Annual Per SF $33.98
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $1,619
Annual Per SF $1.02
Effective Gross Income
Annual $52,345
Annual Per SF $32.96
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $19,751
Annual Per SF $12.44
Net Operating Income
Annual $32,594
Annual Per SF $20.53

PROPERTY FACTS

Price $849,000
Price Per Unit $283,000
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 0.20 AC
Building Size 1,588 SF
Average Occupancy 100%
No. Stories 1
Year Built 1920
Zoning LARD1.5 - Restricted Density Multiple

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1.5 1 $997.00 -
2+1 2 $1,750 -
Walk Score®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 35011881

  • Date on Market: 3/4/2025

  • Last Updated:

  • Address: 3560 Siskiyou St, Los Angeles, CA 90023

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