963 S Lorena Street, Los Angeles, Los Angeles County, CA 90023

For Sale

Listed by Alex Valenzuela with Keller Williams SELA
$2,000,000 USD
  • 0.133 ac Lot Size
  • MultiFamily
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Property Summary for 963 S Lorena Street Español?

Type
MultiFamily
Sub-Type
Other
Lot Size
0.133 Ac
MLS Number
DW20108434
Year Built
2020
Parking info
8
Neighborhood
Boyle Heights
Zip
90023
School District
Los Angeles Unified School District

Description for 963 S Lorena Street

STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020. FULLY LEASED at 5.8% CAP Rate in Los Angeles. 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. CofO is in progress.
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Features for 963 S Lorena Street

Cooling
  • Central A/C
Appliances
  • Dishwasher, Ice Maker, Microwave, Oven - Gas, Range - Gas, Refrigerator
Listing provided by California Regional MLS
Copyright © 2020 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Alex Valenzuela

Keller Williams SELA

Demographics in 90023top

Population

Total population 46,780
Male population 23,778
Female population 23,002
Median age 32.00

Households

Total households 11,519
Average people per household 4.04

Housing

Total housing units 12,038
Owner occupied 3,159
Renter occupied 8,360
Median year built 1944

Income

Median household income 41,308
Average household income 51,844

Browse all multi-family homes for sale in Boyle Heights, Los Angeles

Disclaimer


Demographic data shown in this section was gathered from the 2018 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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