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3 Single Story Units | Boyle Heights 3560 Siskiyou St 3 Unit Apartment Building $899,000 ($299,667/Unit) Los Angeles, CA 90023




INVESTMENT HIGHLIGHTS
- Three single story detached homes located in the East Los Angeles/Boyle Heights Neighborhood
- High density zoned (LARD1.5) with triple frontage lot on an 8,715 square foot lot
- This location is considered 'Very Walkable with an 85 Walk Score'
- For sale for the first time in 23 years as it has been family owned, managed and operated for over two decades
- Substantial rental upside potential of +/- 96%
- Conveniently located near the 5, 60 and 101 freeways
EXECUTIVE SUMMARY
***$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. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the office. No showing appointments, all access is via offer subject to inspection. Please do not contact occupants, do not walk on property, drive by only.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
-
![]() |
-
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
$52,345
![]() |
$16.98
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$20,351
![]() |
$6.60
![]() |
Net Operating Income |
$31,994
![]() |
$10.38
![]() |
FINANCIAL SUMMARY (ACTUAL - 2024)
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $52,345 |
Annual Per SF | $16.98 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $20,351 |
Annual Per SF | $6.60 |
Net Operating Income | |
---|---|
Annual | $31,994 |
Annual Per SF | $10.38 |
PROPERTY FACTS
Price | $899,000 | Building Class | C |
Price Per Unit | $299,667 | Lot Size | 0.20 AC |
Sale Type | Investment | Building Size | 3,082 SF |
No. Units | 3 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 1 |
Property Subtype | Apartment | Year Built | 1920 |
Apartment Style | Single-Family Home |
Price | $899,000 |
Price Per Unit | $299,667 |
Sale Type | Investment |
No. Units | 3 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Single-Family Home |
Building Class | C |
Lot Size | 0.20 AC |
Building Size | 3,082 SF |
Average Occupancy | 100% |
No. Stories | 1 |
Year Built | 1920 |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
3+1.5 | 1 | $997.00 | - |
2+1 | 2 | $1,750 | - |
Walk Score®
Very Walkable (85)
ZONING
Zoning Code | LARD1.5 |
LARD1.5 |
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3 Single Story Units | Boyle Heights | 3560 Siskiyou St
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