Skip To Content

1018 S Lorena Street

Los Angeles (City), CA 90023
  • $2,300,000
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: CV21237027
UPDATED: 53 min ago
$2,300,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent: David Covarrubias of Marcus & Millichap and Douglas Mccauley of


Description

We are proud to exclusively present the opportunity to acquire 1018- 1020 South Lorena Street, a 10-unit multifamily investment property located in the Boyle Heights neighborhood of Los Angeles, California. Built in 1963, the property sits on 0.17 acres and has a building size of approximately 5,862 square feet. The building consists of (1) Studio/one-bathroom unit, (4) one-bedroom/one-bathroom units, and (5) two-bedroom/one- bathroom units. The property features two single-car garages, seven open space parking, owned on-site laundry, and has been seismic retrofitted. Copper plumbing has recently been re-pipped. All units are individually metered for gas and electricity. Rents are subjected to City of Los Angeles rent stabilization program. The property has an attractive rental location in Southeast Los Angeles, the neighborhood of Boyle Heights, and is ideally situated at the intersection of five major freeways, the Interstate 5, 10, 710, the U.S. 101, and the California 60 freeways. The apartment is within walkable distance to multiple supermarkets, restaurants, and recreations, including Vallarta Supermarket, Guadalajara Market, and Hollenbeck Lake. With a very walkable score of 85 and rated excellent in public transportation, the property is well served by four different Metro Gold Line Stations and the famous Union Station, which can take commuters to the Los Angeles International Airport.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T17:27:24.207. 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 The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/122799744
Print Image

1018 S Lorena Street Los Angeles (City), CA 90023

  • Price: $2,300,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 53 min ago
  • ID#: CV21237027
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1963
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
We are proud to exclusively present the opportunity to acquire 1018- 1020 South Lorena Street, a 10-unit multifamily investment property located in the Boyle Heights neighborhood of Los Angeles, California. Built in 1963, the property sits on 0.17 acres and has a building size of approximately 5,862 square feet. The building consists of (1) Studio/one-bathroom unit, (4) one-bedroom/one-bathroom units, and (5) two-bedroom/one- bathroom units. The property features two single-car garages, seven open space parking, owned on-site laundry, and has been seismic retrofitted. Copper plumbing has recently been re-pipped. All units are individually metered for gas and electricity. Rents are subjected to City of Los Angeles rent stabilization program. The property has an attractive rental location in Southeast Los Angeles, the neighborhood of Boyle Heights, and is ideally situated at the intersection of five major freeways, the Interstate 5, 10, 710, the U.S. 101, and the California 60 freeways. The apartment is within walkable distance to multiple supermarkets, restaurants, and recreations, including Vallarta Supermarket, Guadalajara Market, and Hollenbeck Lake. With a very walkable score of 85 and rated excellent in public transportation, the property is well served by four different Metro Gold Line Stations and the famous Union Station, which can take commuters to the Los Angeles International Airport.
Exterior Features

Lot Features Paved Number Of Separate Electric Meters 10 Open Parking Spaces 7 Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 4 Common Interest None Community Features ParkSidewalks Electric Expense 2800 Fuel Expense 2800 Garage YN Yes Gross Income 145251 Gross Scheduled Income 147888 Insurance Expense 2640 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 92067 New Construction YN No Number Of Separate Gas Meters 10 Number Of Separate Water Meters 0 Operating Expense 53184 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3600 Vacancy Allowance 4437 Vacancy Allowance Rate 3 Water Sewer Expense 2800 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T17:27:24.207. 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 The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367484101-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367484101-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367484101-1.jpg
Logo
The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: David Covarrubias of Marcus & Millichap and Douglas Mccauley of