1404-1406 Warren Street

Los Angeles, CA 90033

$1,700,000
Last Sold Price
8
Beds
8
Baths
4,034 Sq. Ft.
$421 / Sq. Ft.
4,034
Sq. Ft.
$421
per Sq. Ft.

Description

We are pleased to present 1404-1408 Warren St - an eight (8) unit multifamily investment opportunity located in one of the most highly desirable neighborhoods in Boyle Heights. This investment consists of side by side wood frame stucco Quadraplexes situated on two separate APN's that are zoned LARD 1.5. 1404 Warren St consists of 2,064 SF of living area and is situated on a 3,726 SF lot and 1408 Warren St consists of 1,970 SF of living area and is situated on a 3,729 SF lot. These properties feature:...We are pleased to present 1404-1408 Warren St - an eight (8) unit multifamily investment opportunity located in one of the most highly desirable neighborhoods in Boyle Heights. This investment consists of side by side wood frame stucco Quadraplexes situated on two separate APN's that are zoned LARD 1.5. 1404 Warren St consists of 2,064 SF of living area and is situated on a 3,726 SF lot and 1408 Warren St consists of 1,970 SF of living area and is situated on a 3,729 SF lot. These properties feature: One (1) One Bedroom / One bath unit + Den and Seven (7) One Bedroom / One Bath units. All units are individually metered for both gas and electricity. Further, the property provides eight (8) parking spaces for the tenants in a spacious rear lot. This asset has been well maintained and cared for by the current owner, who has done a number of renovations to maximize the property's potential. 1408 Warren St was converted from a duplex into a 4 unit property in order to maximize the space and all the work was done with permits. Six of the eight units have also been remodeled. This sale presents an incredible opportunity for a new owner/investor to own a stabilized asset located on a quiet and charming street in prime Boyle Heights. This asset provides ample parking for the tenants along with units that are in high rental demand. The buildings are also located in a State Enterprise and Opportunity zone which could allow for potential tax incentives (Buyer to verify).
  1. Listed by Adrian Stepien • DRE #01979555 • Brokerage DRE #01854200 • KW Advisors
  2. Listed by Derrick Vartanian • DRE #01816119 • Brokerage DRE #01854200 • KW Advisors

Property Details for 1404-1406 Warren Street

Zoning
LARD1.5
Parcel Number
5174020020
Total Units
8.0
Living Area
4034
Source Living Area
Other
Area
Boyle Heights (BOYH)
Vacancy Rate
0
Lot Size Area
7455

Location

Listing Courtesy of KW Advisors, Adrian Stepien, DRE #01979555; KW Advisors, Derrick Vartanian, DRE #01816119

Sold By Keller Williams Silicon Beach, Adrian Stepien, DRE #01979555; Keller Williams Silicon Beach, Jonathan Prakash, DRE #01483131

Add your commute
LISTING UPDATED: 02/07/2022 03:04 PM

Property Details for 1404-1406 Warren Street

StatusSold
MLS #21-765412
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.17 AC / 7,455 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Advisors, Adrian Stepien, DRE #01979555; KW Advisors, Derrick Vartanian, DRE #01816119

Sold By Keller Williams Silicon Beach, Adrian Stepien, DRE #01979555; Keller Williams Silicon Beach, Jonathan Prakash, DRE #01483131

Add your commute

Building Information for 1404-1406 Warren Street

Stories2Residences-Year Built1905Building Size-Lot Size0.17 AC / 7,455 SF

Payment Calculator

$9,278 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1404-1406 Warren Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1+1
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $130,429
  • Net Operating Income: $88,035.00
  • Gross Income: $134,463
  • Cap Rate: 5.50%
  • Gross Rent Multiplier: $11.90
  • Financial Info as Of: 07/26/2021
  • Total Annual Expense: 42394
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1711
  • Lot Size Square Feet: 7455
Parking Details
Parking Details
  • Parking Garage: Driveway, Side By Side, Uncovered
  • Total Parking: 8
  • Parking Features: Driveway, Side by Side, Uncovered
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-26-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,701.20
  • Unit Actual Rent: $20,415.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $18,000.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $970.00
  • Unit Actual Rent: $11,640.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $19,140.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $18,000.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $939.00
  • Unit Actual Rent: $11,268.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $18,000.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $18,000.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $216,485.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $324,729.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $541,214.00

Property History for 1404-1406 Warren Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1404-1406 Warren Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bridge Street Elementary School
PublicK to 5

Hollenbeck Middle School
Public6 to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Adrian Stepien, DRE #01979555; KW Advisors, Derrick Vartanian, DRE #01816119

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.