963 South Lorena Street

Los Angeles, CA 90023

$2,350,000
Last Sold Price
12
Beds
12
Baths
5,028 Sq. Ft.
$467 / Sq. Ft.
5,028
Sq. Ft.
$467
per Sq. Ft.

Description

STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020. This 2-story, modern, energy efficient and low maintenance building is the best priced investment property in the area. Each unit is approx 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms. All four (4) units come with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water...STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020. This 2-story, modern, energy efficient and low maintenance building is the best priced investment property in the area. Each unit is approx 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms. All four (4) units come with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices. Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places. Tenants looking for proximity to the civic center will be approximately 3 miles from the Arts District and USC's Health Sciences campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101 and 10 freeways - all of these are within a mile of the property. Each unit is separately metered for water, gas and electricity. Tenant is responsible for all utility expenses and Owner is responsible for property tax and insurance. There is also on site parking for 8 cars (2 enclosed garages). Please text / email for more info.
  1. Listed by Hong Robert Yun • DRE #01854449 • Brokerage DRE #01799799 • NET Properties

Property Details for 963 South Lorena Street

Zoning
LARD1.5
Style
Contemporary
Parcel Number
5188022029
Total Units
4.0
Living Area
5028
Source Living Area
Assessor
Area
Boyle Heights (BOYH)
Vacancy Rate
3%

Location

Listing Courtesy of NET Properties, Hong Robert Yun, DRE #01854449

Sold By Sonlight Estates Realty, Willie Overton, DRE #00901631

Add your commute
LISTING UPDATED: 09/28/2022 11:20 AM

Property Details for 963 South Lorena Street

StatusSold
MLS #22-147423
Days on Market101
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2020
Lot Size0.13 AC / 5,777 SF
CountyLos Angeles County

Location

Listing Courtesy of NET Properties, Hong Robert Yun, DRE #01854449

Sold By Sonlight Estates Realty, Willie Overton, DRE #00901631

Add your commute

Virtual Tour

Building Information for 963 South Lorena Street

Stories2Residences-Year Built2020Building Size-Lot Size0.13 AC / 5,777 SF

Payment Calculator

$15,230 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$2,405

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 963 South Lorena Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • View: Yes
  • View Description: City, City Lights
  • View: City Lights
  • Security Features: Exterior Security Lights, Gated, Smoke Detector, Fire Sprinklers
  • Property Condition: New Construction
  • Water Heaters: Yes
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Financing: Cash To New Loan, Cash
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $144,000
  • Net Operating Income: $106,080.00
  • Gross Income: $144,000
  • Cap Rate: 4.40%
  • Gross Rent Multiplier: $16.66
  • Actual Annual Gross Rent: $144,000.00
  • Total Annual Expense: 37920
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1326
  • Lot Size Square Feet: 5777
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage Is Attached, Tandem
  • Total Parking: 8
  • Covered Parking: 4
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 4
  • Parking Features: Assigned, Tandem Garage
  • Attached Garage: Yes
Interior Features
Interior Features
  • Room Type: Master Bathroom, Walk-In Closet
  • Rooms: 2nd Story Family Room, Master Bedroom, Walk-In Closet
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 1
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Common Walls: Attached
  • Cooking Appliances: Built-In Gas, Microwave, Oven, Range
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Concrete
  • Windows: Double Pane Windows, Window Blinds, Screens
  • New Construction: Yes
  • Other Structural Features: Balcony
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-18-2022
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $3,100.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $635,000.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $1,270,000.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $1,905,000.00

Property History for 963 South Lorena 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 963 South Lorena Street

Taxable ValueLand$1,350,000Additions$1,000,000Total$2,350,000
Tax Record2023$28,863 ($2,405 / month)
Home Facts
Total Finished SqFt5,028 SqFtAbove Grade Finished SqFt5,028 SqFtLot Size5,777 SqFtStyleQuadraplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5188-022-029

Schools near 963 South Lorena Street

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

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 NET Properties, Hong Robert Yun, DRE #01854449

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.