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2853 Cincinnati St, Los Angeles, CA 90033
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2853 Cincinnati St Los Angeles, CA 90033

$2,150,000
  • 18 Beds
  • 15 Baths
  • 7,168 Sq.Ft.
For Sale
$2,150,000 Get Pre-Qualified
Map preview of 2853 Cincinnati St, Los Angeles, CA 90033

Property Overview: 2853 Cincinnati St Los Angeles, CA has 18 bedrooms, 15 bathrooms, 7,168 living square feet and 5,902 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to present 2853 Cincinnati St.! A recently built triplex in the heart of Boyle Heights! Not Subject to LA City Rent Control! The property was built in 2021 and offers a whopping 18 bedrooms. The unit mix consists of (1) 7 Bedroom / 6 Bathroom unit, (1) 6 Bedroom / 5 Bathroom unit, and (1) 5 Bedroom / 4 Bathroom unit. The property offers 4 gated parking spaces on-site. Currently the property is being leased by the room with 17 leases in place and one vacant room, which would allow a new owner to select their own tenants and achieve additional upside immediately. Owner pays for utilities. Embrace the unique charm and cultural richness of Boyle Heights with this exceptional real estate investment opportunity. Situated in the heart of East Los Angeles, Boyle Heights is renowned for its diverse community, historic landmarks, and thriving local economy. This dynamic neighborhood offers a compelling blend of residential, commercial, and mixed-use properties, making it an attractive destination for investors seeking growth and value in the Los Angeles real estate market. DO NO DISTURB TENANTS! DRIVE BY ONLY!

Listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Co-listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Last checked: 11 minutes ago | Last updated: March 28th, 2024 | Source CRMLS | DOM: 33
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Home details

Lot Sq. Ft
5,902
HOA Dues
$0/mo
Year built
2020
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24370329
City
Los Angeles
County
Los Angeles
Time on Site
41 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 7
  • # of Baths: 6
  • Furnishing: Unfurnished
  • Actual Rent: $7,650
  • Total Rent: $7,650
  • Pro Forma/Market Rent: $8,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 6
  • # of Baths: 5
  • Furnishing: Unfurnished
  • Actual Rent: $6,300
  • Total Rent: $6,400
  • Pro Forma/Market Rent: $6,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $5,450
  • Total Rent: $5,550
  • Pro Forma/Market Rent: $5,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.2%
  • Gross Rent Multiplier: 9.24
  • Gross Scheduled Income: --
  • Net Operating Income: $154,400
  • Gross Operating Income: $232,800
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2853 Cincinnati St

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Property Details for 2853 Cincinnati St

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5178018014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Please use Goggle Maps for specific directions. Property is located near the intersection of North Evergreen Ave and East Cesar E. Chavez Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2853 Cincinnati St

Last sold for $1,800,000 on June 8th, 2021

  • March, 2024

  • Mar 20, 2024

    Date

    Active

    CRMLS: 24370329

    $2,150,000

    Price

  • June, 2021

  • Jun 9, 2021

    Date

    Sold

    CRMLS: DW21037918

    $1,800,000

    Price

  • Apr 22, 2021

    Date

    Pending

    CRMLS: DW21037918

    $1,725,000

    Price

  • Apr 22, 2021

    Date

    Active

    CRMLS: DW21037918

    $1,725,000

    Price

  • Mar 6, 2021

    Date

    Pending

    CRMLS: DW21037918

    $1,725,000

    Price

  • Feb 24, 2021

    Date

    Active

    CRMLS: DW21037918

    $1,725,000

    Price

  • Listing provided courtesy of CRMLS

    Brand New TRIPLEX built in 2021!!!! Beautiful residential units to live in or rent for income. Huge square footage!!!! With over 7,000 sqft living Space Between all 3 units. Front unit has a 2 car garage and back units have tandem parking on the sides for each back unit. Beautiful contemporary finish throughout the property. Each UNIT features a bright and airy floor plan. The Front Unit has 7 bedrooms/6 bathrooms and the Rear Units are 6 Bedrooms/5 Bathrooms and 5 bedroom/4 bathrooms! The Units have spacious living rooms and Laminate Flooring throughout the units. New Kitchens with beautiful cabinetry, quartz counters tops. Laundry hookups in each unit. Beautiful faucets & recess lighting throughout the entire home. Modern tile in bathrooms, they are very spacious with new tubs, sinks, toilets, recess lighting and many more. New windows, & custom interior paint, new exterior doors & hardware. New tankless water heater, Central AC, Electrical new panel & new plumbing. Each Unit has separate water, gas and electric meters. New Fencing and gates with automatic gate opener! Come see this beautiful property! Will go fast! All 3 units are brand new.

  • February, 2021

  • Feb 23, 2021

    Date

    Canceled

    CRMLS: DW21034493

    $1,725,000

    Price

  • Feb 18, 2021

    Date

    Active

    CRMLS: DW21034493

    $1,725,000

    Price

  • Listing provided courtesy of CRMLS

    Brand New TRIPLEX built in 2021!!!! Beautiful residential units to live in or rent for income. Huge square footage!!!! With over 7,000 sqft living Space Between all 3 units. Front unit has a 2 car garage and back units have tandem parking on the sides for each back unit. Beautiful contemporary finish throughout the property. Each UNIT features a bright and airy floor plan. The Front Unit has 7 bedrooms/6 bathrooms and the Rear Units are 6 Bedrooms/5 Bathrooms and 5 bedroom/4 bathrooms! The Units have spacious living rooms and Laminate Flooring throughout the units. New Kitchens with beautiful cabinetry, quartz counters tops. Laundry hookups in each unit. Beautiful faucets & recess lighting throughout the entire home. Modern tile in bathrooms, they are very spacious with new tubs, sinks, toilets, recess lighting and many more. New windows, & custom interior paint, new exterior doors & hardware. New tankless water heater, Central AC, Electrical new panel & new plumbing. Each Unit has separate water, gas and electric meters. New Fencing and gates with automatic gate opener! Come see this beautiful property! Will go fast! All 3 units are brand new.

  • March, 2020

  • Mar 6, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2019

  • Nov 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $430,000

    Price

Show More

Tax History for 2853 Cincinnati St

Assessed Value (2020): $430,000
Year Land Value Improved Value Assessed Value
2020 $344,000 $86,000 $430,000

Home Value Compared to the Market

This property vs the competition

2853 Cincinnati St is listed 73.95% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $299.94 per/sqft which puts the price per square foot 61.2% lower than the median price per square foot for the city of Los Angeles.

About 2853 Cincinnati St

Detailed summary of property

2853 Cincinnati St is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 18 bedrooms, 15 bathrooms, roughly 7,168 living square feet, and sits on an approximately 5,902 square foot lot. 2853 Cincinnati St was first listed on ArdentRealEstateGroup.com on March 20, 2024. The homeowner is currently asking $2,150,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 73.95% higher than the median priced home. Local competing homes currently for sale include 1818 N Broadway, 960-968 Yale St and 930 Fraser Ave. While the average home in Los Angeles, CA is selling in 96 days, 2853 Cincinnati St has a days on market of 33 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 2853 Cincinnati St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2853 Cincinnati St

Public county record property details
Beds
2
Baths
1
Year built
1914
Sq. Ft.
900
Lot Size
5,900
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5178-018-014

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$778,000
Median List Price/Sq.Ft.
$536
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$525
Total Inventory
11
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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