2853 Cincinnati Street

Los Angeles, CA 90033

$2,150,000
Price
18
Beds
15
Baths
7,168 Sq. Ft.
$300 / Sq. Ft.
7,168
Sq. Ft.
$300
per Sq. Ft.

Description

We are proud to present 2853 Cincinnati St.! A recently built triplex in the heart of Boyle Heights! Not Subject to LA City Rent Control! The property was built in 2021 and offers a whopping 18 bedrooms. The unit mix consists of (1) 7 Bedroom / 6 Bathroom unit, (1) 6 Bedroom / 5 Bathroom unit, and (1) 5 Bedroom / 4 Bathroom unit. The property offers 4 gated parking spaces on-site. Currently the property is being leased by the room with 17 leases in place and one vacant room, which would allow a new...We are proud to present 2853 Cincinnati St.! A recently built triplex in the heart of Boyle Heights! Not Subject to LA City Rent Control! The property was built in 2021 and offers a whopping 18 bedrooms. The unit mix consists of (1) 7 Bedroom / 6 Bathroom unit, (1) 6 Bedroom / 5 Bathroom unit, and (1) 5 Bedroom / 4 Bathroom unit. The property offers 4 gated parking spaces on-site. Currently the property is being leased by the room with 17 leases in place and one vacant room, which would allow a new owner to select their own tenants and achieve additional upside immediately. Owner pays for utilities. Embrace the unique charm and cultural richness of Boyle Heights with this exceptional real estate investment opportunity. Situated in the heart of East Los Angeles, Boyle Heights is renowned for its diverse community, historic landmarks, and thriving local economy. This dynamic neighborhood offers a compelling blend of residential, commercial, and mixed-use properties, making it an attractive destination for investors seeking growth and value in the Los Angeles real estate market. Do no disturb tenants! Drive by only!
  1. Listed by Michael R. Fukushima • DRE #01380445 • Brokerage DRE #01364089 • Keller Williams Downtown LA
  2. Listed by Stephen F. Watson • DRE #01187813 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 2853 Cincinnati Street

Zoning
LARD1.5
Style
New Project
Cross Streets
North Evergreen Ave
Parcel Number
5178018014
Total Units
3.0
Living Area
7168
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute
LISTING UPDATED: 03/28/2024 12:01 AM

Property Details for 2853 Cincinnati Street

StatusActive
MLS #24-370329
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2020
Lot Size0.14 AC / 5,902 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute

Building Information for 2853 Cincinnati Street

Stories2Residences-Year Built2020Building Size-Lot Size0.14 AC / 5,902 SF

Payment Calculator

$13,667 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$1,934

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2853 Cincinnati Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Owner
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • Security Features: Gated
  • Property Condition: New Construction
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $232,800
  • Net Operating Income: $154,400.00
  • Gross Income: $232,800
  • Cap Rate: 7.20%
  • Gross Rent Multiplier: $9.24
  • Owner Pays: Water, Gas, Electricity
  • Total Annual Expense: 78400
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1355
  • Lot Size Square Feet: 5902
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 4
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-20-2024
Unit Details
Unit 1 Information
  • Unit Beds: 7
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $7,650.00
  • Unit Actual Rent: $7,650.00
  • Unit Projected Rent: $8,050.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,450.00
  • Unit Actual Rent: $5,550.00
  • Unit Projected Rent: $5,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 6
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $6,300.00
  • Unit Actual Rent: $6,400.00
  • Unit Projected Rent: $6,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,144,440.00
  • Assessed Improvement Percent: 61.11
  • Assessed Land Value: $728,280.00
  • Assessed Land Percent: 38.89
  • Assessed Total Value: $1,872,720.00

Property History for 2853 Cincinnati 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 2853 Cincinnati Street

Taxable ValueLand$728,280Additions$1,144,440Total$1,872,720
Tax Record2023$23,208 ($1,934 / month)
Home Facts
Total Finished SqFt7,168 SqFtAbove Grade Finished SqFt7,168 SqFtLot Size5,900 SqFtStyleTriplexYear Built1914ZoningLARD1.5CountyLOS ANGELESAPN5178-018-014

Schools near 2853 Cincinnati 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
Malabar 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.

2853 Cincinnati Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on March 20, 2024 by Keller Williams Downtown LA, it's currently listed at $2,150,000. It has been on the market for a total of 43 days and was last sold on June 8, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Malabar Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 2853 Cincinnati Street is a 18-bed, 15-bath, 7,168 sqft multi-family home built in 2020.

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 Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813

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.