Los Angeles, CA 90033 2120 Sheridan Street

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Presented By: Andrew Munoz with Keller Williams Pacific Estate; 213-842-3363
  • MLS# PW24071520
  • 04/10/2024
  • Request Tour
  • Request Info
  • BedBeds • 11
  • BathFull/Half Baths • 5 / 1
  • FootageSQFT • 5,216
  • GarageGarage • 1

Home Details

Welcome to this absolutely stunning 5 unit income producing property for sale in prime Boyle Heights, this offering presents an excellent opportunity for any investor to capitalize on positive initial cash flow while having the ability to add value for strong rental upside in one of the most gentrifying markets of Los Angeles. Perfectly located on a corner lot with private alley access allows you truly appreciate this amazing setup. You have a 4 unit building consisting of four 2 bed 1 bath units over 1,000 sqft each and a separate detached 3 bedroom 2 bath single family home with it’s own two car garage giving you the ability to convert into an ADU and increase the value. All 5 units are individually metered and the single family home has its own water meter as well making it two water meters for the property. You have the potential for major upside while collecting very healthy rents. You generate up to $14K in rents a month, huge upside! Located in a very desirable location, within walking distance to shopping centers, restaurants, USC Medical Center, White Memorial Hospital, DTLA and much more. Tenants will love the convenience of being within walking distance to Soto Station, as well as a plethora of other rapidly developing amenities in the area that are driving ongoing growth and increased demand. Easy access to major freeway's such as the 5 and 10 and 101 FWY. Boyle Heights is a mix of history and trendy coffee shops, restaurants, art and music. The signs of gentrification are clear as new development and companies moving into the area. This will not last!
Presented By: Andrew Munoz with Keller Williams Pacific Estate; 213-842-3363

Interior Features for 2120 Sheridan Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 2120 Sheridan Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesCurbs, StreetLights, Sidewalks
CountyLos Angeles
Days on Market43
DirectionsOn the corner of Chicago and Sheridan St
Electric Expense0.0
Entry LocationDownstairs
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income73356.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral, WallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional, Submit
Lot Size Square Feet6926.0
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
Net Operating Income64116.0
New ConstructionNo
Number of Units Leased5
Operating Expense9240.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameSheridan
Tax Lot5
Tenant PaysAllUtilities
Total Actual Rent5879.0
Total Units5
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningLAR2

Exterior for 2120 Sheridan Street

Building Area Total5216.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, CornerLot
Lot Size Acres0.159
Lot Size Area6926.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters2
Open Parking Y/NNo
SpaNo
Total Parking1.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,019,999
MLS#PW24071520
List Date 04/10/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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