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    3007 E 4Th St

    Los Angeles, CA 90063
    • $869,000
    • STATUS: Active
    • ON SITE: 3 days
    • ID#: 20-631928
    New On Site 3 Days Ago
    UPDATED: 240 min ago
    $869,000
    • 4
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,507
      SQFT
    • $347
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    3007 E 4th Street is a mixed-use property located in the up and coming Boyle Height community, featuring 3 residential units and one commercial storefront, 100% occupied and paying rent during COVID. The property was built in 1926 on 5,174 square foot lot with 2,507 square feet of improvements including 2 1 bed+1bath units and 1 2bed+1bath standalone house. One of the one-bedroom units have been renovated and rented at market rate. The two-bedroom house was also recently renovated. Commercial unit lease ends in 2023 with plenty of room for upside for a new tenant. Other nearby amenities such as parks, grocery stores, and local eateries add to the desirability of this location for tenants. Given the rental upside future potential, this is a great investment for both first-time buyers and seasoned investors. High traffic area minutes from the Arts District, DTLA and Gold Line. Located in one of the city rapidly growing markets.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/110002204
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    3007 E 4Th St Los Angeles, CA 90063

    • Price: $869,000
    • Status: Active
    • Updated: 240 min ago
    • ID#: 20-631928
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,507
    SQFT
    $347
    $/SQFT
    1926
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    3007 E 4th Street is a mixed-use property located in the up and coming Boyle Height community, featuring 3 residential units and one commercial storefront, 100% occupied and paying rent during COVID. The property was built in 1926 on 5,174 square foot lot with 2,507 square feet of improvements including 2 1 bed+1bath units and 1 2bed+1bath standalone house. One of the one-bedroom units have been renovated and rented at market rate. The two-bedroom house was also recently renovated. Commercial unit lease ends in 2023 with plenty of room for upside for a new tenant. Other nearby amenities such as parks, grocery stores, and local eateries add to the desirability of this location for tenants. Given the rental upside future potential, this is a great investment for both first-time buyers and seasoned investors. High traffic area minutes from the Arts District, DTLA and Gold Line. Located in one of the city rapidly growing markets.
    Exterior Features

    Covered Parking 0 Lot Size Area 5174 Other Structures None Parking Garage Driveway Style Spanish Total Parking 4

    Interior Features

    Baths Total 4.00 Cooking Appliances MicrowaveOven Cooling Wall Unit(S) Equipment MicrowaveRefrigeratorRange/OvenWasherDryer Heating Wall Laundry In Unit

    Property Features

    Assessed Total Value 241908 Gross Income 65612 Gross Operating Income 63644 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 46737.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 16906 Type Of Units Mixed Use Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Joel Nass DRE#01954931 of Clint Lukens Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
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    Valencia CA, 91355