Add Value in Prime Boyle Heights! 5 Units | 2819 E 3rd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Add Value in Prime Boyle Heights! 5 Units 2819 E 3rd St
5 Unit Apartment Building $1,417,470 CAD ($283,494 CAD/Unit) 3.44% Cap Rate Los Angeles, CA 90033
Investment Highlights
- Prime Boyle Heights Location
- Possible ADU Opportunity in garage area
- Close proximity to tenant amenities such as, Evergreen Park, Public Transportation, Retail and Dining options along 1st St.
- Major Value Add Opportunity & Attractive Seller Financing Available!
- Ideal Unit Mix 3 one bed units and 2 two bed units
- Proforma Cap Rate of 7.4% and 8.7 GRM
Executive Summary
Located in Boyle Heights, CA, 2819 E 3rd St offers comfort and convenience in a serene cul-de-sac setting. Zoned LAR2, the property features a generous lot size of 6,095 square feet and a substantial 3,348 square feet of building space. Built in 1969, it includes five units: two spacious 2-bedroom, 1-bathroom residences and three cozy 1-bedroom, 1-bathroom apartments. Its proximity to Evergreen recreational park enhances the lifestyle with easy access to outdoor activities. Ideal for investors seeking stability and proximity to amenities, this property in Boyle Heights is a compelling choice for rental income or portfolio diversification. Possible opportunity to add ADUs to property by taking advantage of the new laws and the existing garage space. There is a standalone 5-car garage as well as a tuck-under garage space in the rear of the building (All seismic retrofit work has been completed. Buyer to verify). Attractive Seller Financing Available
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,417,470 CAD | Apartment Style | Garden |
| Price Per Unit | $283,494 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.44% | Building Size | 3,348 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.9 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 2.09/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,417,470 CAD |
| Price Per Unit | $283,494 CAD |
| Sale Type | Investment |
| Cap Rate | 3.44% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 13.9 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,348 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.09/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,916 CAD | 761 |
| 1+1 | 3 | $1,535 CAD | 609 |
1 of 1
Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 5180-013-038 | Improvements Assessment | $335,109 CAD |
| Land Assessment | $152,312 CAD | Total Assessment | $487,421 CAD |
PROPERTY TAXES
Parcel Number
5180-013-038
Land Assessment
$152,312 CAD
Improvements Assessment
$335,109 CAD
Total Assessment
$487,421 CAD
zoning
| Zoning Code | LAR2 (Property is within the TOC Tier 3 Zone) |
| LAR2 (Property is within the TOC Tier 3 Zone) |
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Add Value in Prime Boyle Heights! 5 Units | 2819 E 3rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.