$899,000
For Sale

3560 Siskiyou Street

Los Angeles, CA 90023
3082 sqft | 7 beds | 0.20 acres | #25506369
Listing OfficeRemax Commercial and Investment Realty
Browse 18 photos
Type:Multi-Family
Structure:House
Zone:Commercial

Description

**PRICED AT $899,000 FOR 3 UNITS*** We are pleased to present three single story detached homes located in the East Los Angeles/Boyle Heights Neighborhood area. This property is being offered for sale for the first time in 23 years as it has been family owned, managed and operated for over two decades. Opportunity knocks to invest in this high density zoned (LARD1.5) with triple frontage lot on an 8,715 square foot lot. The three separate structures are outlined with a front house (3 bedroom + 1.5 bathroom, of 1,400 square foot and built in 1929), a middle cottage (2 bedroom + 1 bathroom, of 746 square foot and built in 1982**this unit is not subject to LA City RSO), and a rear cottage (2 bedroom + 1 bathroom, of 936 square foot and built in 1920). A new investor has substantial rental upside potential of +/- 96% with minimum expenses as these units are separately metered for gas and electricity. This location is considered 'Very Walkable with an 85 Walk Score'. Also, it is conveniently located near the 5, 60 and 101 freeways. Please note, this property is subject to Los Angeles City Rent Control (with the exception of 1 unit). Buyer to verify at their own expense.

  • Property Details
      • Property SubtypeResidentialIncome
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$995,000
      • MLS #25506369
      • MLS #25506369
      • Cost899000
      • Square Feet3082
      • Year Built1920
      • Acres0.2
      • Bedrooms7
      • Stories1
      • Parking Spaces1

Location

SparrowLily Realty, Inc.Real Estate Group
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