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$2,490,000

Beds
18
sq ft
6,444

3648 Percy St, Los Angeles, CA 90023

3648 Percy St

Los Angeles, CA 90023

  • 33 days on market
Offering a tremendously unique investment opportunity with additional upside with 2 ADU RTI!! Located in heart of LA's Eastside "blue collar hustle and bustle! High demand area with close fwy access near Downtown LA, Arts District, school, parks, both metro & bus transportation, shopping, services, & dining. Introducing a Newer 2017 Built Charming Craftsman-Style 6-Plex consisting of three Duplexes + 2 ADU RTI Permits. All systems are newer and hitting on all cylinders. Each unit is individually metered, has assigned on-premise parking & the grounds are gated and secure. Professionally landscaped offering optimal outdoor living space to enjoy leisurely living. Each upper unit has its own private balcony with views.Interiors are designed with an open floor plan with high vaulted ceilings, showroom kitchen and finishes, and tons of natural light! Fully occupied. Above average 6.9 % Cap Rate for LA with immediate added income via upside in rents and 8.1% Cap Rate with ADU build outs to generate a massive $268,500 Gross Annual Income. Additional photos/info visit: LiveOnPercy.com

Details

Property type

Est. home value

$3,201,820

Lot size

8,943 sq ft

Price per sq ft

$387

Year built

2017

HOA

No

Price History

05/29/2024
CLAW

CLAW #24395811

Listed
$2,490,000

Schools & Community

Neighborhood: 

Boyle Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Financial Partners Cu

Loan start date

November 2020

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

2.9%

Loan type

Building or Construction Loan

Seller

20 20 08Wyb02 Llc and 20 20 09T02 Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 8:35 AM

Listing updated: 06/06/2024 at 5:13 AM

Listed by: Crystal Hayes, Christie's AKG Phone #: (424) 249-7162

MLS: CLAW #24395811

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