2416 Boulder Street

Los Angeles, CA 90033

$1,175,700
Last Sold Price
6
Beds
5
Baths
4,696 Sq. Ft.
$250 / Sq. Ft.
4,696
Sq. Ft.
$250
per Sq. Ft.

Description

Pleased to present a solid 5-Unit income property in the booming Boyle Heights. Theres a total of 2 separate buildings on a 7000 Sq Ft lot Zoned R3- Tier 3 with alley access which allows multiple development opportunities. Front is a beautiful character four unit building with 2 bed & 1 bath each. Rear Building is a standalone SFR with 2 bed and 1 bath. Freshly painted, New landscape and palm trees, new windows and some fully remodeled units, Wrought iron fence around perimeter. Secure access, approximately...Pleased to present a solid 5-Unit income property in the booming Boyle Heights. Theres a total of 2 separate buildings on a 7000 Sq Ft lot Zoned R3- Tier 3 with alley access which allows multiple development opportunities. Front is a beautiful character four unit building with 2 bed & 1 bath each. Rear Building is a standalone SFR with 2 bed and 1 bath. Freshly painted, New landscape and palm trees, new windows and some fully remodeled units, Wrought iron fence around perimeter. Secure access, approximately 6 assigned parking spaces. this is a pandemic/recession proof investment, 4 out of 5 units receiving Sec 8 assistance of about 80% of the rent and generating steady cash flow, All tenants pay rent, No Covid-19 holdbacks. Ideal for any investor looking to add units to their portfolio with the benefit of owning a low maintenance property in a trendy and up and coming area with development opportunity. All units come with individual electric meters, gas is master meter which allows for 5% annual rent increase. Rapidly developing neighborhood has several new developments in the immediate area. Location is sought out by both families and working professionals due to it's proximity to Downtown Los Angeles.

Listing Agent

  1. Ofer Halimi

    Ofer Halimi

    Listing Agent

    Compass

    DRE #01324758

Property Details for 2416 Boulder Street

Zoning
LAR3
Cross Streets
Soto St
Parcel Number
5177027010
Total Units
5.0
Living Area
4696
Source Living Area
Assessor
Area
Boyle Heights (BOYH)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Ofer Halimi, DRE #01324758

Sold By Excellence RE Real Estate, Sergio Paz, DRE #01795025

Add your commute
LISTING UPDATED: 04/16/2024 11:51 AM

Property Details for 2416 Boulder Street

StatusSold
MLS #21-714658
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.16 AC / 7,002 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Ofer Halimi, DRE #01324758

Sold By Excellence RE Real Estate, Sergio Paz, DRE #01795025

Add your commute

Building Information for 2416 Boulder Street

Stories2Residences-Year Built1922Building Size-Lot Size0.16 AC / 7,002 SF

Payment Calculator

$7,702 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,416

Property Taxes

$1,286

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2416 Boulder Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Security Features: Gated, Window Bars
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $96,852
  • Net Operating Income: $78,052.00
  • Gross Income: $8,071
  • Cap Rate: 5.72%
  • Gross Rent Multiplier: $12.89
  • Actual Annual Gross Rent: $96,852.00
  • Actual Gross Annual Income: $96,852
  • Other Income1: $7,871.00
  • Garage Income: $200
  • Owner Pays: Water, Gas
  • Total Annual Expense: 19350
  • Water Expense: $3,000.00
  • Gas Expense: $900
  • Expense Pest: $900.00
  • Tax Expense: $13,000
  • Insurance Expense: $1,550
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 7002
Parking Details
Parking Details
  • Parking Garage: Driveway - Concrete, Driveway Gate
  • Total Parking: 6
  • Parking Features: Concrete
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s)
  • Heating: Natural Gas, Wall Furnace
  • Heating Type: Natural Gas, Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-09-2021
  • Tenant Pays: Trash Collection, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,381.00
  • Unit Actual Rent: $1,381.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,504.00
  • Unit Actual Rent: $1,504.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,436.00
  • Unit Actual Rent: $1,436.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110

Property History for 2416 Boulder 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 2416 Boulder Street

Taxable ValueLand$767,040Additions$432,174Total$1,199,214
Tax Record2023$15,435 ($1,286 / month)
Home Facts
Total Finished SqFt4,696 SqFtAbove Grade Finished SqFt4,696 SqFtLot Size7,002 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAR3CountyLOS ANGELESAPN5177-027-010

Schools near 2416 Boulder Street

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
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

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Similar Sold Homes

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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 Compass, Ofer Halimi, DRE #01324758

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.