See Home Value
$2,245,032*
Multifamily - Off Market

963 S Lorena Street

Los Angeles, CA 90023
bedrooms
Studio
bathrooms
0 Bath
$1,800,000 - $2,200,000
Reference Base Price*
12.25%
Since Nov 1, 2021
CA-Los Angeles
Primary Model

About This Property

STUNNING 4 UNIT NEW CONSTRUCTION completed in June 2020.  FULLY LEASED at 5.8% CAP Rate in Los Angeles. This 2-story, modern, energy efficient and low maintenance building is the best priced investment property in the area. Each unit is approx 1,250 sf with a desirable floor plan that consists of 3 bedrooms and 2.5 bathrooms.  All four (4) units come with all new appliances, including an in-unit washer and dryer, central air conditioning & heating, and a host of energy efficient construction including dual pane windows, LED lighting and water conservation devices.  Best of all, this property is located in the rapidly growing prime location of Boyle Heights which is central to many places.  Tenants looking for proximity to the civic center will be approximately 3 miles from the Arts District and USC's Health Sciences campus, and 4 miles from East Los Angeles College and the Citadel Outlets. In addition, easy access to the 5, 60, 101 and 10 freeways - all of these are within a mile of the property. Each unit is separately metered for water, gas and electricity.  Tenant is responsible for all utility expenses and Owner is responsible for property tax and insurance.  There is also on site parking for 8 cars (2 enclosed garages). Please text / email for more info. CofO is in progress.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
2019

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Nov 19, 2020 Sold to David Dong Keun Shin, Helen... $1,905,000
Sold to David Dong Keun Shin, Helen...
Oct 16, 2020 In contract -
In contract
Sep 2, 2020 No longer available -
No longer available
Jul 24, 2020 Price Decreased $2,000,000
↓ $85K (4.1%)
Price Decreased
Show More

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
4,542 ft²
$363/ft²
$1,650,000 Feb 12, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200607
06/07/2020
Studio
-
-
$2,085,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

963 South Lorena Street 963 South Lorena Street, Los Angeles, CA 90023
More about this Building
963 South Lorena Street
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About East LA


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