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2016 Pennsylvania Avenue

Los Angeles (City), CA 90033
  • $1,395,000
  • STATUS: Active
  • ON SITE: 99 Days
  • ID#: DW23159633
UPDATED: 47 min ago
$1,395,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Listing Agent(s): Amparo Gastelum of Max Real Estate (562-445-7375)


Description

An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 5- unit 2 bedrooms 1 bath each. With 4 parking spaces with washer and dryer hook ups each unit is 1200 of living space. Easy accesses to major freeway's such as the 5 and 10 and 101.Boyle Heights mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renter's desire to live with the community being 75% of residence are renters. Schools Breed st elementary, Hollenbeck middle and Rosevelt High school are within walking distance as are major parks Ross Valencia community park and historical Hollenbeck Park. The signs of gentrification are clear as new development and companies moving into the area.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T21:30:19.863. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/142806380
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2016 Pennsylvania Avenue Los Angeles (City), CA 90033

  • Price: $1,395,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 47 min ago
  • ID#: DW23159633
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1927
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 5- unit 2 bedrooms 1 bath each. With 4 parking spaces with washer and dryer hook ups each unit is 1200 of living space. Easy accesses to major freeway's such as the 5 and 10 and 101.Boyle Heights mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renter's desire to live with the community being 75% of residence are renters. Schools Breed st elementary, Hollenbeck middle and Rosevelt High school are within walking distance as are major parks Ross Valencia community park and historical Hollenbeck Park. The signs of gentrification are clear as new development and companies moving into the area.
Exterior Features

Entry Level 1 Entry Location Street Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Contingency Trust Electric Expense 900 Fuel Expense 0 Garage YN Yes Gross Income 70580 Gross Scheduled Income 70580 Insurance Expense 3470 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 70580 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 7000 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Trash Expense 2574 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T21:30:19.863. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Amparo Gastelum of Max Real Estate (562-445-7375)