2853 Cincinnati Street, Los Angeles, CA 90033
List Price: $2.29M
Listing Status: ActiveUnderContract
0Days on Market: 76
18 Bedrooms · 15 Bathrooms · 7,168 sq ft
Property Type: ResidentialIncome
Year Built: 2020
Lot Size: 5,902 sq ft
MLS Number: 26831375
About This Property
2853 Cincinnati St. is a newly constructed 2020 triplex located in the heart of Boyle Heights near the corner of North Evergreen Ave. and Cincinnati St. This hillside location offers sweeping views of Downtown LA and the San Gabriel Mountains. With approximately 7,168 SF of building area, the property features 3 generous units grossing approximately $17,900 per month and $214,800 a year. Several units feature private balconies with views. All units include central AC and tankless on-demand water heaters. Property offers garage plus surface parking for approximately 6 -7 vehicles. Surrounded by popular restaurants, markets, and easy access to Downtown Los Angeles, this professionally managed asset offers strong income with additional upside potential. With a 6.6% Cap Rate and 10.7 GRM this represents a opportunity to acquire newer construction Non-Rent Control Asset in one of Los Angeles' rapidly growing rental markets.
Listing provided by: Paul Fisher DRE #02018310 310-437-7500 paulfisherhomes@gmail.com, Compass
Source: CRMLS, MLS #: 26831375
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.