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Listed by Anthony Walker, DRE #01908153 • Buckingham Investments, Inc
$ 2,595,000
Est. payment /mo
Active
3672 Percy Los Angeles, CA 90023
8,939 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26225095
Style Contemporary
Year Built 2017
Lot Size 8,939 Sqft
Source California Regional MLS
Property Description
Huge newer construction Boyle Heights single parcel 6 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + previously RTI plans for (2) 1 Bed "Tiny Home" ADUs. Constructed in 2017, the property is exempt from LA RSO and CA Statewide AB1482 rent control. 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, modern open concept floor plans, and new landscaping. All utilities are separately metered leaving zero utility expenses for the owner. High yield, low expense property at a true in-place cap rate of 6.2% on proven actuals and a GRM of 11.49 plus upside to 9.7X GRM and a 7.7% cap rate after ADU construction. Very well parked with 10 parking spaces plus additional driveway parking. Conveniently located in Boyle Heights just 2 miles to Downtown LA Arts District across the 6th Street Bridge. Walk to LA Metro Gold Line for direct access to Metro Center. Directly across the street from Stevenson Middle School. 3.5 Miles to Keck USC Hospital. 4 Miles to Cal State LA. 6 Miles to Dodger Stadium. 7.5 Miles to USC. Close access to the 5,
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator
Interior
Heating Central Forced Air
Cooling Central AC
Laundry In Closet, Other
Exterior
Parking Features Other
Garage Spaces 10.0
Pool 31, None
View None
Roof Type Composition
Building
Foundation Concrete Slab
Water District - Public
Architectural Style Contemporary
Others
Tax ID 5188008015
Special Listing Condition Not Applicable
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