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$825,000 4,152 Square Feet

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FIVE TURNKEY UNITS UNDER 13 GRM!
$825,000
4152 SQUARE FEET
LOT SIZE:
6224
2107 Sheridan St is an excellent acquisition opportunity in an ideal residential area of up-and-coming, Boyle Heights. A building of this vintage and with such a favorable unit mix is rare in this neighborhood. One of the propertyDs most unique features is the two story DOwnerDs UnitD with 3 bedrooms, 1.5 bath, a private yard and entrance, laundry room, and it is already set up for HVAC! The first floorDs open floor plan makes it ideal for entertaining with laminate flooring in the living room, a separate dining area and downstairs half bath, while all three bedrooms and the full bath are upstairs. Plus bountiful avocado and lime trees in the private front yard! The rear of the property features two 2 bedroom, 1 bath apartments and two 1 bedroom, 1 bath apartments. All units have been extremely well maintained, making this a turnkey asset for investors! Other features include 100% copper plumbing, newer roof (within the last 5 years), separate meters for gas and electricity and five parking spaces. AND there are views of DTLA, DodgerDs Stadium and the Hollywood Sign from the parking lot and second story! This property offers an investor the unique opportunity to either buy and hold, or aggressively reposition the asset to cater to the new wave of Boyle Heights residents entering the rental market!

Nestled at the top of Boyle Heights, north of Cesar E Chavez and just west of Soto! 2107 Sheridan St is is conveniently located just a short distance from LA attractions such as Downtown LA, DodgerDs Stadium and the ArtDs District, and also surrounded by local shops, schools and amenities. In addition, the USC Health Sciences Campus & Medical Center is less than a mile away D making this property an ideal residential location for USC staff & students. Last year the nearby Hazard Recreation Center received a $1,000,000 donation from USC and offers the community sportDs fields, an indoor gym and picnic & play area, in addition to L.A. Kids free after school programs. The East LA food culture is present with restaurants like El Tepeyac Cafe that was established in 1955 and newer spots like Guisados Tacos. Conveniently accessible by public transportation through the Metrolink Gold Line D Soto Station and the El Monte Busway, and near major transportation routes including the 5, 10 and 101 freeways!
ADDITIONAL INFORMATION
  • Area of Town: Boyle Heights
  • "Owner's Unit" is 2-Story w/Yard
  • $199/SF
  • (2) 1 Bed + 1 Bath
  • (2) 2 Bed + 1 Bath
  • 100% Copper & Newer Roof
  • 100% Tenant Occupied
  • 12.73 GRM
  • 3 Bed + 1.5 Bath "Owner's Unit"
  • 5.04% CAP
  • Five Parking Spaces
  • Near 5 10 101 & Metrolink Soto
  • Nice Residential Neighborhood
  • Nicely Maintained Apartments
  • Separately Metered
  • Unique Asset!
  • Vieews at Parking & Second Story
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AREA INFORMATION

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contact
Charlie & Dana Coronado
Keller Williams Realty
323-841-2911 ~ 310-562-9630
CalBRE# 01723306 / 01746702
  
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