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Buy a multi-family propertyat 3429 Percy Street, Los Angeles, CA 90023

$3,295,000

$0/mo

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Multifamily

8,995 Sq. Ft. lot

0 Bathrooms

391 Days on market

SB23067784 MLS ID

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About 3429 Percy Street multi-family property

Huge newer construction Boyle Heights single parcel 8 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + (2) brand new 1 Bed “Tiny Home” ADUs. Main units finished in 2017 with brand new 2023 construction ADUs. Luxury newer construction finishes and features include in unit laundry, stainless appliances with microwaves, dishwashers, and fridges, recessed overhead lighting, central AC, vaulted ceilings and balconies in upper units, vinyl plank flooring, master suites, fire sprinklers, water free landscaping and modern open concept floor plans. ADUs have 1GB internet connections. The Frame by Samsung Art TV’s , and include conveniently placed electrical outlets that include USB C and standard USB charger outlets. All utilities are separately metered leaving zero utility expenses. High yield, low expense property at an in place cap rate of 5.3% and a GRM of 12.76 with an additional 4.4% upside. Very well parked with 10 parking spaces plus additional driveway parking. Available separate or together with a very similar property 2 blocks down the street at 3648 Percy St.
Huge newer construction Boyle Heights single parcel 8 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + (2) brand new 1 Bed “Tiny Home” ADUs. Main units finished in 2017 with brand new 2023 construction ADUs. Luxury newer construction finishes and features include in unit laundry, stainless appliances with microwaves, dishwashers, and fridges, recessed overhead lighting, central AC, vaulted ceilings and balconies in upper units, vinyl plank flooring, master suites, fire sprinklers, water free landscaping and modern open concept floor plans. ADUs have 1GB internet connections. The Frame by Samsung Art TV’s , and include conveniently placed electrical outlets that include USB C and standard USB charger outlets. All utilities are separately metered leaving zero utility expenses. High yield, low expense property at an in place cap rate of 5.3% and a GRM of 12.76 with an additional 4.4% upside. Very well parked with 10 parking spaces plus additional driveway parking. Available separate or together with a very similar property 2 blocks down the street at 3648 Percy St.

Property details

Property

3 buildings

8 units

Property attached

House

2 total stories

Built in 2017

6888 total building sqft

2+ Common Walls

Community

Urban

Expenses

Electric Expense: $300

Fuel Expense: $300

Insurance Expense: $5,166

Maintenance Expense: $7,358

Operating Expense: $60,997

Pest Control Expense: $880

Water Sewer Expense: $300

Income

Gross Income: 0

Gross Scheduled Income: 212352

Net Operating Income: 175748

Laundry

Inside

Listing

Listing ID: SB23067784

Property Subtype: Apartment

87 days on market

Listed on 2023-04-21

Rent controlled

Location

County: Los Angeles

Lot

8995 sqft

0.2065 acres

Area: 8995

6-10 Units/Acre

Parking

Driveway Level

Gated

Off Street

Sewer

Public Sewer

Taxes

New Taxes: $41,188

Utilities

8 separate electric meters

8 separate gas meters

8 separate water meters

Monthly cost

Estimated monthly cost

$20,997/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$3,097,300

+$98,850

$3,196,150

Seller agent commission$98,850 (3%)*

$0 (0%)

Buyer agent commission$98,850 (3%)*

$98,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $98,850 more selling your home
with an Unreal Estate agent

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State

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Unreal Estate checked: May 17, 2024 at 5:08 a.m.

Data updated: Jul 17, 2023 at 5:05 p.m.

Property listed by Buckingham Investments, Inc, Anthony Walker
Based on information from California Regional Multiple Listing Service, Inc. as of 07/17/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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