1627 E 32nd St

DTLA Income Property

Sold Aug 24, 2022

$895,000

Multi-Unit (<4), Residential

Units
3
Unit Mix
(two) 2+1, (one) 3+1
Building Type
Residential Income
Number of Buildings
2
Square Feet
2,149
Lot Size
4,994 SF
Year Built
1906
Parking
Driveway
Highlights

Newer Appliances

Cap Rate
5.6
GRM
12.3
Occupancy
100%
Actual Annual Gross Rent
$70,829

1627 East 32nd Street,
Los Angeles, California, 90011

Welcome to 1627 E 32nd St, a great multi-unit with an amazing CAP Rate in the Heart of LA near Downtown, USC, Banc of California Stadium, Natural History Museum and near the highly anticipated Lucas Museum of Narrative Art. The Vacant main house is a 3 bedroom 1 bathroom with gated private yard and charming front porch is ready to rent out or could ideally be owner occupied where the new owner can take advantage of collecting the rented back units to pay nearly all of their mortgage. This recently remodeled house comes with newer appliances including in unit washer and dryer center. In the rear of the property there is a separate detached two story building. Lower unit is a 2 bedroom 1 bath and the upper unit is a 2 bedroom 1 bath as well. Both have been updated nicely with light laminate floors through-out, new windows and wall unit AC in the main-living area. Occupied units will be sold with tenants in place.

Agents

Colt Maloney

Listing Agent

(213) 926-9494

View full profile

Let's talk!

Have a question about this listing? Fill out the form below to contact our agents directly.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.