127 South Boyle Avenue
127 South Boyle Avenue
$3,150,000
30
6
8,430
8,430
$374
Sold 9/25/20
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Description
A rare-find income property full of potential in the progressive neighborhood of Boyle Heights! This centrally located SRO is an incredible opportunity for an investor to own a solid income producer. The building includes 30 individual rooms, 4 bathroom areas (total of 7 toilets, 6 showers, and 1 bathtub), a large kitchen, central AC, laundry room with hookups, and high-tech security system. As a bonus, there is a large backyard that can be transformed into an outdoor oasis. 25 units will be delivered...A rare-find income property full of potential in the progressive neighborhood of Boyle Heights! This centrally located SRO is an incredible opportunity for an investor to own a solid income producer. The building includes 30 individual rooms, 4 bathroom areas (total of 7 toilets, 6 showers, and 1 bathtub), a large kitchen, central AC, laundry room with hookups, and high-tech security system. As a bonus, there is a large backyard that can be transformed into an outdoor oasis. 25 units will be delivered vacant. Property is located in an Qualfitied Opportunity Zone. Ideally located, the property sits around the corner from Mariachi Square and the Gold Line metro station, Adventist Health Memorial Hospital, and all the shops of E. Chavez Avenue. DTLA and within easy reach by surface streets from the property as well as the 10, 5, and 110 freeways. Priced to sell at $2,995,000 the building has the potential to achieve an incredible GRM of 8.76 and Cap of 9 at market rents.
- Listed by Will Tiao • DRE #01918965 • The Collective Realty
Property Details for 127 South Boyle Avenue
Water Front
None
ZoningLAR4
StyleArt Deco
Cross Streets1st St and Boyle Ave
Accessibility FeaturesRamp - Main Level
Parcel Number5174013012
Total Units30.0
Living Area8430
Location
LISTING UPDATED: 04/02/2021 08:26 AM
Property Details for 127 South Boyle Avenue
Status | Sold |
---|---|
MLS # | 20-582162 |
Days on Market | 8 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1938 |
Lot Size | 0.17 AC / 7,465 SF |
County | Los Angeles County |
Location
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Building Information for 127 South Boyle Avenue
Stories2Residences-Year Built1938Building Size-Lot Size0.17 AC / 7,465 SF
Payment Calculator
$20,550 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 127 South Boyle Avenue
Property History for 127 South Boyle Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 127 South Boyle Avenue
Taxable ValueLand$780,300Additions$2,496,960Total$3,277,260
Tax Record2023$40,309 ($3,359 / month)
Home Facts
Beds14Total Finished SqFt8,430 SqFtAbove Grade Finished SqFt8,430 SqFtStories1Lot Size7,465 SqFtStyleMiscellaneous ResidentialYear Built1938ZoningLAR4CountyLOS ANGELESAPN5174-013-012
Schools near 127 South Boyle Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Second Street Elementary School PublicK to 6 | ||
Extera Public Schools CharterK to 8 | ||
Felicitas And Gonzalo Mendez High Public9 to 12 | ||
Theodore Roosevelt Senior High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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