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3429 Percy St, Los Angeles

  • Huge newer construction Boyle Heights single parcel 8 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + (2) brand new 1 Bed “Tiny Home” ADUs
  • Main units finished in 2017 with brand new 2023 construction ADUs
  • Luxury newer construction finishes and features include in unit laundry, stainless appliances with microwaves, dishwashers, and fridges, recessed overhead lighting, central AC, vaulted ceilings and balconies in upper units, vinyl plank flooring, master suites, fire sprinklers, water free landscaping and modern open concept floor plans
  • ADUs have 1GB internet connections
  • The Frame by Samsung Art TV’s , and include conveniently placed electrical outlets that include USB C and standard USB charger outlets
  • All utilities are separately metered leaving zero utility expenses
  • High yield, low expense property at an in place cap rate of 5.8% and a GRM of 11.97 with an additional 4.6% upside
  • Very well parked with 10 parking spaces plus additional driveway parking
  • Available separate or together with very similar properties 2 blocks down the street at 3648 Percy St and 3672 Percy St.

Property Details

  • Units: 8
  • Gross Rent Multiplier: 11.97
  • Cap Rate: 5.8

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Price

$3,295,000

Annual Income

$245,260

Annual NOI

$175,748

Annual Expense

$60,997

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
132$3,135$3,135$3,195$3,195
132$2,770$2,770$3,195$3,195
132$3,195$3,195$3,195$3,195
132$2,954$2,954$3,195$3,195
132$3,025$3,025$3,195$3,195
132$2,836$2,836$3,095$3,095
101$1,800$1,800$1,800$1,800
101$1,800$1,800$1,800$1,800
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
81814$21,515$22,670

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