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2853 Cincinnati Street

Los Angeles CA 90033

18
15
6
7168 sq. ft.
5902 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

18 bedrooms
15 bathrooms
6 carspaces
1 garage space
7168 sq. ft. floor area
5902 sq. ft. lot size
Other

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