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$ 2,292,000
Est. payment /mo
Active
2853 Cincinnati ST Los Angeles, CA 90033
18 Beds
15 Baths
7,168 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,168 sqft
Price per Sqft $319
MLS Listing ID 26831375
Bedrooms 18
HOA Y/N No
Year Built 2020
Lot Size 5,902 Sqft
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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air, Gas
Fireplace No
Appliance Microwave
Exterior
Parking Features Garage
View Y/N Yes
View City Lights, Mountain(s)
Total Parking Spaces 6
Building
Entry Level Three Or More,Multi/Split
Level or Stories Three Or More, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5178018014
Security Features Fire Sprinkler System,Smoke Detector(s)
Special Listing Condition Standard
Listed by Paul Fisher Compass #02018310
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