2853 Cincinnati Street, Los Angeles, CA 90033
- $2,292,000
- 18
- BD
- 15
- BA
- 7,168
- SqFt
- List Price
- $2,292,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 26831375
- Year Built
- 2020
- Bedrooms
- 18
- Bathrooms
- 15
- Living Sq. Ft
- 7,168
- Lot Size
- 5,902
- Acres
- 0.14
- Days on Market
- 82
- Property Type
- Multifamily
- Stories
- Three Or More Levels, Multi Level
Property Description
2853 Cincinnati St. is a newly constructed 2020 triplex located in the heart of Boyle Heights near the corner of North Evergreen Ave. and Cincinnati St. This hillside location offers sweeping views of Downtown LA and the San Gabriel Mountains. With approximately 7,168 SF of building area, the property features 3 generous units grossing approximately $17,900 per month and $214,800 a year. Several units feature private balconies with views. All units include central AC and tankless on-demand water heaters. Property offers garage plus surface parking for approximately 6 -7 vehicles. Surrounded by popular restaurants, markets, and easy access to Downtown Los Angeles, this professionally managed asset offers strong income with additional upside potential. With a 6.6% Cap Rate and 10.7 GRM this represents a opportunity to acquire newer construction Non-Rent Control Asset in one of Los Angeles' rapidly growing rental markets.
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Additional Information
- Appliances
- Microwave
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air, Gas
- View
- City Lights, Mountain(s)
- Exterior Construction
- Stucco
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Paul Fisher (paulfisherhomes@gmail.com) from Listing Office: Compass.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.