3672 PercyLos Angeles, CA 90023

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, 10, 60, and 710 freeways.

Property Information

Property type

Residential Income

Sub-type

Apartment

Style

Contemporary

Year built

2017

Stories

2

Building area

6,578 Sq Ft

Lot size

0.21 acres

Parking spaces

10

Days on market

30

MLS^® Listing#

SB26225095

Property Features

Appliances

Dishwasher · Gas Range · Microwave · Refrigerator

Cooling

Central Air

Heating

Central

Flooring

Tile · Vinyl

Fireplace

None

Pool

None

Parking

Driveway

Laundry

Inside · Laundry Closet

Fencing

Block · Wood · Wrought Iron

Lot features

Rectangular Lot

Construction

Wood Siding

Foundation

Slab

Roof

Composition

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

5188008015

Directions

South side of Percy, just West of South Indiana St