18-Bedroom ResidentialIncome — 2853 Cincinnati Street, Los Angeles, CA
$2,292,000
2853 Cincinnati Street, Los Angeles, CA
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.
Property details
Location
2853 Cincinnati Street • Los Angeles, CA 90033
Listed by
Paul Fisher · Compass