Private balconies with viewsHillside locationCentral acTankless on-demand water heaters
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.
65 days
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117
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5
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Zillow last checked:
Listing updated:
Listed by:
Paul FisherDRE # 02018310808-366-1680,
Compass310-437-7500
Source: CLAW,MLS#: 26831375
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 18
Bathrooms: 15
Heating
Central
Cooling
Air Conditioning, Central Air, Gas
Appliances
Included: Microwave, Gas Water Heater, Tankless Water Heater
Features
Flooring: Mixed
Doors: Sliding Doors, Insulated Doors
Interior area
Total structure area: 7,168
Total interior livable area: 7,168 sqft
Property
Parking
Total spaces: 6
Parking features: Garage
Has garage: Yes
Features
Levels: Three Or More,Multi/Split
Exterior features: Balcony
Has view: Yes
View description: City, City Lights, Mountain(s)
Lot
Size: 5,902 Square Feet
Features: Hillside
Details
Additional structures: None
Parcel number: 5178018014
Zoning: LARD1.5
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Stucco
Condition
Year built: 2020
Community & HOA
Community
Security: Fire Sprinkler System, Security Lights, Smoke Detector(s)
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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