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3639 Whittier Boulevard

Los Angeles (City), CA 90023
  • $1,000,000
  • STATUS: Active Under Contract
  • ON SITE: 73 Days
  • ID#: SR23152174
Under Contract
$1,000,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
BOYH - Boyle Heights
Type:
Multi-Family
Built:
1990
County:
Los Angeles
Area:
BOYH - Boyle Heights

School Ratings & Info

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Listing Agent(s): Steven Dempster of Harcourts Prime Properties (818-790-6101) and Menachem Zaklos of ()


Description

Live Auction! Bidding to start from $1,000,000! ***3639 WHITTIER BLVD, ***7 UNIT APARTMENT BUILDING BID ***EXCELLENT UNIT MIX - FOUR 4+2s ONE 3+1, and TWO 1+1s ***Built in 1990 - Not subject to City of LA Rent Control ***21% UPSIDE IN RENTS ***BUYER WILL BE ABLE TO QUICKLY BRING RENTS TO MARKET STARTING IN 2024!!! ***SEPARATELY METERED FOR GAS & ELECTRIC. ***VERSITILE [Q]C2-1-CUGU ZONING - TWO ADJACENT [Q]C2-1-CUGU PARCELS AVAILABLE 25,947sqft TOTAL LAND ***WITH ALL 3 LOTS, EXISTING PLANS FOR AFFORDABLE HOUSING - ADDITIONAL 84 OR 119 UNITS - 160 TOTAL UNITS MAY BE POSSIBLE!!! ***SELLER OWNED LAUNDRY ***COVERED PARKING ***CENTRALLY LOCATED TO SCHOOLS, FREEWAYS, PUBLIC TRANSPORTATION, RETAIL & EMPLOYMENT ***HIGH WALK SCORE OF 85 IN A QUICKLY GENTRIFYING AREA.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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/143584069
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3639 Whittier Boulevard Los Angeles (City), CA 90023

  • Price: $1,000,000
  • Status: Active Under Contract
  • On Site: 73 Days
  • ID#: SR23152174
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1990
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
Live Auction! Bidding to start from $1,000,000! ***3639 WHITTIER BLVD, ***7 UNIT APARTMENT BUILDING BID ***EXCELLENT UNIT MIX - FOUR 4+2s ONE 3+1, and TWO 1+1s ***Built in 1990 - Not subject to City of LA Rent Control ***21% UPSIDE IN RENTS ***BUYER WILL BE ABLE TO QUICKLY BRING RENTS TO MARKET STARTING IN 2024!!! ***SEPARATELY METERED FOR GAS & ELECTRIC. ***VERSITILE [Q]C2-1-CUGU ZONING - TWO ADJACENT [Q]C2-1-CUGU PARCELS AVAILABLE 25,947sqft TOTAL LAND ***WITH ALL 3 LOTS, EXISTING PLANS FOR AFFORDABLE HOUSING - ADDITIONAL 84 OR 119 UNITS - 160 TOTAL UNITS MAY BE POSSIBLE!!! ***SELLER OWNED LAUNDRY ***COVERED PARKING ***CENTRALLY LOCATED TO SCHOOLS, FREEWAYS, PUBLIC TRANSPORTATION, RETAIL & EMPLOYMENT ***HIGH WALK SCORE OF 85 IN A QUICKLY GENTRIFYING AREA.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 7 Parking Features ConcreteCoveredGated Parking Total 12 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Appliances DryerWasher Common Walls No Common Walls Cooling None Cooling YN No Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 14.29 Common Interest Community Apartment Community Features CurbsStorm Drain(s)Street LightsSidewalks Exclusions WasherDryer Garage YN Yes Gross Income 184152 Gross Scheduled Income 184152 Insurance Expense 14424 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 3500 Net Operating Income 110296 New Construction YN No Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 64648 Pest Control Expense 420 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Auction Tenant Pays ElectricityGas Total Actual Rent 192768 Trash Expense 3540 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Vacancy Allowance 9208 Water Sewer Expense 19236 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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): Steven Dempster of Harcourts Prime Properties (818-790-6101) and Menachem Zaklos of ()