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2028 3rd Street
Los Angeles, CA 90033
Sold
Property will be delivered 100% Vacant by Close of Escrow! 8.8% Cap Rate! One of the best in Los Angeles County! 2028 E 3rd St is a meticulously remodeled 5 Unit Apartment in the heart of Los Angeles. Boasting an excellent unit mx with (2) 2-Bed/1-Bath, (2) 3-Bed/1-Bath and (1) 4-Bed/2-Bath units, each unit has been renovated with contemporary fixtures, new flooring, modern bathrooms, and in unit laundry hookups. This 4-Bed/2-Bath unit comes as a detached residence with private alley access and it's own two car garage. The offering comes with endless opportunity, highlighted by this garage that can be converted into an ADU (Buyer to Verify). This offering presents an investor the opportunity to acquire a fully tenant-ready Asset in Boyle Heights operating at a 8.80% Cap Rate and 8.16 GRM. Offered at only $316/Sq. Ft, this turn-key apartment is fit for any investor to add a cash cow to their apartment portfolio. Boyle Heights is a quickly growing neighborhood in Los Angeles adjacent to Downtown Los Angeles. A vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. With a close proximity to the train line stop and walking distance to Hollenbeck Park, and restaurants, bars and nightlife.
PROPERTY INFORMATION
| MLS # | SB24016974 | Lot Size | 6,303 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,595,000
Price Per SqFt: $ 317 |
DOM | 462 Days |
| Address | 2028 3rd Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,033 Sq. Ft. |
| Postal Code | 90033 | Garage | 2 |
| County | Los Angeles | Year Built | 1925 |
| Bed / Bath | 14 / 0 | Parking | 2 |
| Built In | 1925 | Status | Closed |
| Sold Date | 2024-04-29 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup |
| Has Fireplace | Yes |
| Fireplace Information | Family Room |
| EntryLocation | Front |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 90 (Very Walkable)
Transit Score: 71 (Excellent Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,701
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/29/2024 | Sold | $1,575,000 |
| 02/28/2024 | Active Under Contract | $1,595,000 |
| 01/29/2024 | Listed | $1,595,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
