3429 Percy, Los Angeles 90023
- 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 for the owner
- High yield, low expense property at an in-place cap rate of 5.3% and a GRM of 12.76 with an additional 4.4% upside
- Very well parked with 10 parking spaces plus additional driveway parking
- Available alone or together with a very similar property 2 blocks away located at 3648 Percy St, Los Angeles 90023.
current
Download Offering Memorandum
UNITS: 8
GROSS RENT MULTIPLIER: 12.76
CAP RATE: 5.3
PRICE
$3,295,000
ANNUAL INCOME
$258,168
ANNUAL NOI
$175,748
ANNUAL EXPENSE
$69,511
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 3 | 2 | $3,135 | $3,135 | $3,195 | $3,195 |
| 1 | 3 | 2 | $2,770 | $2,770 | $3,095 | $3,095 |
| 1 | 3 | 2 | $3,195 | $3,195 | $3,195 | $3,195 |
| 1 | 3 | 2 | $2,954 | $2,954 | $3,095 | $3,095 |
| 1 | 3 | 2 | $3,025 | $3,025 | $3,195 | $3,195 |
| 1 | 3 | 2 | $2,836 | $2,836 | $3,095 | $3,095 |
| 1 | 0 | 1 | $1,800 | $1,800 | $1,800 | $1,800 |
| 1 | 0 | 1 | $1,800 | $1,800 | $1,800 | $1,800 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 8 | 18 | 14 | $21,515 | $22,470 |
