2120 Sheridan Street

2120 Sheridan Street

Los Angeles, CA 90033

$1,019,999
Price
11
Beds
6
Baths
5,216 Sq. Ft.
$196 / Sq. Ft.
5,216
Sq. Ft.
$196
per Sq. Ft.
an aerial view of a house with a yard
a front view of a house with parking space
a view of a patio with couches table and chairs and potted plants
an aerial view of multiple houses with a yard
a view of a cars park in front of a building
a cars parked in front of a building
a view of a white building among the street with palm trees
a view of a porch with furniture and a potted plant
a view of a house with palm trees and a small yard
a view of a house with a patio
a view of outdoor space with entertaining space
a view of a back yard of the house
a view of a house with a backyard
an aerial view of a city
an aerial view of a city
an aerial view of a city
an outdoor view with patio
an aerial view of a city

Description

Welcome to this absolutely stunning 5 unit income producing property for sale in prime Boyle Heights, this offering presents an excellent opportunity for any investor to capitalize on positive initial cash flow while having the ability to add value for strong rental upside in one of the most gentrifying markets of Los Angeles. Perfectly located on a corner lot with private alley access allows you truly appreciate this amazing setup. You have a 4 unit building consisting of four 2 bed 1 bath units...Welcome to this absolutely stunning 5 unit income producing property for sale in prime Boyle Heights, this offering presents an excellent opportunity for any investor to capitalize on positive initial cash flow while having the ability to add value for strong rental upside in one of the most gentrifying markets of Los Angeles. Perfectly located on a corner lot with private alley access allows you truly appreciate this amazing setup. You have a 4 unit building consisting of four 2 bed 1 bath units over 1,000 sqft each and a separate detached 3 bedroom 2 bath single family home with it’s own two car garage giving you the ability to convert into an ADU and increase the value. All 5 units are individually metered and the single family home has its own water meter as well making it two water meters for the property. You have the potential for major upside while collecting very healthy rents. You generate up to $14K in rents a month, huge upside! Located in a very desirable location, within walking distance to shopping centers, restaurants, USC Medical Center, White Memorial Hospital, DTLA and much more. Tenants will love the convenience of being within walking distance to Soto Station, as well as a plethora of other rapidly developing amenities in the area that are driving ongoing growth and increased demand. Easy access to major freeway's such as the 5 and 10 and 101 FWY. Boyle Heights is a mix of history and trendy coffee shops, restaurants, art and music. The signs of gentrification are clear as new development and companies moving into the area. This will not last!
  1. Listed by Andrew Munoz • DRE #01989243 • Brokerage DRE #01917184 • Keller Williams Pacific Estate
  2. Listed by Jovani Pina • DRE #01959832 • Brokerage DRE #01952507 • Keller Williams Pacific Estates Cerritos

Property Details for 2120 Sheridan Street

Parking Spaces Total
1
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
5216
Assessor Parcel Number
5175-017-005
Property Attached YN
false

Location

Listing Courtesy of Keller Williams Pacific Estate, Andrew Munoz, DRE #01989243; Keller Williams Pacific Estates Cerritos, Jovani Pina, DRE #01959832
Add your commute
LISTING UPDATED: 04/10/2024 10:20 AM

Property Details for 2120 Sheridan Street

StatusActive
MLS #PW24071520
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1963
Lot Size0.16 AC / 6,926 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Pacific Estate, Andrew Munoz, DRE #01989243; Keller Williams Pacific Estates Cerritos, Jovani Pina, DRE #01959832
Add your commute

Building Information for 2120 Sheridan Street

Stories2Residences-Year Built1963Building Size-Lot Size0.16 AC / 6,926 SF

Payment Calculator

$6,125 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,567

Property Taxes

$558

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2120 Sheridan Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $73,356
  • Gross Scheduled Income: $73,356
  • Net Operating Income: $64,116
Expense Details
  • Operating Expense: $9,240
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: D
  • Tax Tract Number: 203...
  • Tax Census Tract: 2036.01
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Heating Type: Central, Wall
  • Heating: Central, Wall Furnace
Exterior Features
  • Entry Location: Downstairs
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,736
  • Unit Type Total Rent: $1,736
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,275
  • Unit Type Total Rent: $1,275
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,078
  • Unit Type Total Rent: $1,078
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,068
  • Unit Type Total Rent: $1,068
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $956
  • Unit Type Total Rent: $956
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2

Property History for 2120 Sheridan Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2120 Sheridan Street

Taxable ValueLand$146,886Additions$319,339Total$466,225
Tax Record2023$6,698 ($558 / month)
Home Facts
Total Finished SqFt5,216 SqFtAbove Grade Finished SqFt5,216 SqFtLot Size6,926 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR2CountyLOS ANGELESAPN5175-017-005

Schools near 2120 Sheridan Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Sheridan Street Elementary School
Public - K to 6
Extera Public Schools
Charter - K to 8
Theodore Roosevelt Senior High
Public - 9 to 12
Felicitas And Gonzalo Mendez High
Public - 9 to 12
Rating
School
Distance
Sheridan 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.

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.

Homes for Sale near Boyle Heights

Neighborhoods

Cities

ZIPs

More information about 2120 Sheridan Street, Los Angeles, CA 90033

2120 Sheridan Street is a mixed use property for sale in Los Angeles, CA 90033. This property was listed for sale on April 10, 2024 by Keller Williams Pacific Estate, it's currently listed at $1,019,999. This listing's school district is Los Angeles Unified School District. Nearby schools include Sheridan Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 2120 Sheridan Street is a 11-bed, 6-bath, 5,216 sqft mixed use property built in 1963.

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 Keller Williams Pacific Estate, Andrew Munoz, DRE #01989243; Keller Williams Pacific Estates Cerritos, Jovani Pina, DRE #01959832

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.