2018 East 3rd Street
2018 East 3rd Street
Closed 9/9/22
Closed 9/9/22
Description
• Prime 7-unit Value-Add opportunity located in Boyle Heights near retail corridors on East Cesar E. Chavez Avenue and Soto Street in very close proximity to the 5, 10, 60, and 101 Freeways. Chavez Avenue and Soto Street in very close proximity to the 5, 10, 60, and 101 Freeways • Strong scheduled CAP Rate of Approx. 5% with significant rental upside. (Call for Details)
• Located in a culturally vibrant pocket of Boyle Heights just minutes from the Arts District near new apartment...Investment Highlights
• Prime 7-unit Value-Add opportunity located in Boyle Heights near retail corridors on East Cesar E. Chavez Avenue and Soto Street in very close proximity to the 5, 10, 60, and 101 Freeways. Chavez Avenue and Soto Street in very close proximity to the 5, 10, 60, and 101 Freeways • Strong scheduled CAP Rate of Approx. 5% with significant rental upside. (Call for Details)
• Located in a culturally vibrant pocket of Boyle Heights just minutes from the Arts District near new apartment developments within 90033. (Call for Details)
• Located in a culturally vibrant pocket of Boyle Heights just minutes from the Arts District near new apartment developments within 90033 • No units have been extensively upgraded. (Value-Add potential to be realized through renovations). Property Highlights
• Desirable unit mix of 5 1B/1B units and 2 2B/1B units. Property Highlights
• Desirable unit mix of 5 1B/1B units and 2 2B/1B units • All units have an in-unit laundry hookup. • All units have an in-unit laundry hookup • No units have been extensively upgraded. (Value-Add potential to be realized through renovations). (Value-Add potential to be realized through renovations) • Separately metered for gas and electricity. • Separately metered for gas and electricity • Potential to add one gated surface parking space. (Buyer to Verify)
- Listed by Evan Monroe • DRE #02135116 • Brokerage DRE #02021933 • GIG Real Estate Inc.
Property Details for 2018 East 3rd Street
Location
Sold By GIG Real Estate Inc., Evan Monroe, DRE #02135116
Property Details for 2018 East 3rd Street
| Status | Closed |
|---|---|
| MLS # | AR22032824 |
| Days on Market | 133 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 1904 |
| Lot Size | 0.14 AC / 6,303 SF |
| County | Los Angeles County |
Location
Sold By GIG Real Estate Inc., Evan Monroe, DRE #02135116
Building Information for 2018 East 3rd Street
Payment Calculator
$9,129 per month
30 year fixed, 7.25% Interest
$7,640
$1,489
$0
Property Information for 2018 East 3rd Street
- Gross Income: $105,696
- Gross Scheduled Income: $105,696
- Net Operating Income: $72,176
- Cap Rate: 4.99
- Financing: Cash To New Loan
- Operating Expense: $31,877
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $0
- Tax Tract Number: 0
- Tax Lot: 0
- Community Features: Park, Urban
- Laundry: Yes
- Laundry Features: See Remarks
- Pool Features: None
- Pool Description: None
- Walk Score: 89
- Lot Features: 6-10 Units/Acre
- Number Of Units: 7
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Unknown
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 0
- Open Other Spaces Total: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 5
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 0
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 0
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 7
- Number Of Separate Gas Meters: 7
- Number Of Separate Water Meters: 1
Property History for 2018 East 3rd Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2018 East 3rd Street
Schools near 2018 East 3rd Street
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 | ||
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.
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Listing Courtesy of GIG Real Estate Inc., Evan Monroe, DRE #02135116
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.