CA > Los Angeles
Los Angeles, CA 90023,3317 E 8th ST
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Los Angeles, CA 90023,3317 E 8th ST
Los Angeles, CA 90023,3317 E 8th ST
Los Angeles, CA 90023,3317 E 8th ST
Los Angeles, CA 90023,3317 E 8th ST
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Aram Karsian

Aram Karsian

+1(818) 612-6555
$ 899,000
Est. payment /mo
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3317 E 8th ST Los Angeles, CA 90023

5 Beds

3 Baths

2,186 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,186 sqft

Price per Sqft $411

MLS Listing ID 25531059

Bedrooms 5

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1949

Lot Size 5,641 Sqft

Property Description

Don't miss this remodeled, cash-flow generating triplex located just east of Downtown Los Angeles, in the vibrant heart of Boyle Heights. The property features a spacious 3-bedroom, 1-bath single-family house in the front, which has been fully renovated. The house includes engineered hardwood floors, updated appliances, remodeled bathroom and kitchen, central air and heat, and in-unit laundry. In the back is a two-story duplex, each 1-bedroom / 1-bath units. Both units are remodeled. Tenants pay for gas and electric, as well as ratio-utility billing for shared costs such as water and sewer -- increasing net income for the owner. In the rear of the duplex is a fenced in closed patio with shared laundry for the back tenants -- a versatile layout perfect for investors or potential owner-occupants. On-site parking included for all 3 units. Pro Forma GRM is 11.32 with a cap rate of 6.6%, The rear units are NOT subject to LA City Rent Stabilization Ordinance (not under LA rent control). Current rents are at or near market levels with recent 3rd party appraisal coming in at $940k. One rear unit will be delivered vacant, ideal for an owner-user or immediate rental upside. This is a turn-key investment with strong in-place income and significant long-term upside potential in one of LA's most dynamic rental markets. With close proximity to Downtown LA, public transit, Mariachi Plaza and the 101/5/60/710 freeways, this property offers both convenience and consistent tenant demand.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LARD1.5

Interior

Heating Central, Wall Furnace

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Common Area, Inside, Outside, Stacked

Exterior

Parking Features Private, One Space

Pool None

View Y/N No

View None

Total Parking Spaces 3

Private Pool No

Building

Faces South

Story 1

Entry Level Multi/Split

Architectural Style Bungalow

Level or Stories Multi/Split

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5190013016

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Ken Dennis • The Collective Realty
agent

Aram Karsian

Broker | License ID: 01302247

+1(818) 612-6555

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3317 E 8th ST