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3555 Siskiyou St, Los Angeles, CA 90023
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3555 Siskiyou St Los Angeles, CA 90023

$1,849,000
  • 14 Beds
  • 7 Baths
  • 2,645 Sq.Ft.
For Sale
$1,849,000 Get Pre-Qualified
Map preview of 3555 Siskiyou St, Los Angeles, CA 90023

Property Overview: 3555 Siskiyou St Los Angeles, CA has 14 bedrooms, 7 bathrooms, 2,645 living square feet and 5,938 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 pleased to present a seven-unit multifamily property located at 3555 Siskiyou Street in the Boyle Heights neighborhood of Los Angeles. Originally built in 1929, this multi-unit property features an excellent unit mix, including three 2-bedroom, 1-bathroom cottages; two newly constructed 2-bedroom, 1-bathroom ADUs, and two 2-bedroom, 1.5 bath townhomes. There remains upside with potential to add additional ADUs and increasing rental income. Situated in a prime location near Downtown Los Angeles, the arts district, and local hospitals, this property presents an excellent opportunity for investors to acquire high cash-flowing cottage-style units in a core Los Angeles market.

Listed by Travis Bayles | BRE #01895090 | Douglas Elliman
Co-listed by Steven Moran | BRE #02052389 | Douglas Elliman
Last checked: 15 minutes ago | Last updated: September 17th, 2024 | Source CRMLS | DOM: 74

Home details

Lot Sq. Ft
5,938
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24410327
City
Los Angeles
County
Los Angeles
Time on Site
74 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 6
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $730
  • Total Rent: $1,461
  • Pro Forma/Market Rent: $5,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $808
  • Total Rent: $808
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,272
  • Total Rent: $2,272
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $2,787
  • Total Rent: $2,787
  • Pro Forma/Market Rent: $2,787
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.1
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $152,763
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3555 Siskiyou St

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Property Details for 3555 Siskiyou St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Concrete
Property Information
  • Total # of Units: 7
  • Parcel Number: 5188016024
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Situated between the 5 freeway & the 60. Between Esperanza & Spence Street just south of Whittier Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 3555 Siskiyou St

Last sold for $1,150,000 on March 8th, 2021

  • July, 2024

  • Jul 16, 2024

    Date

    Active

    CRMLS: 24410327

    $1,999,000

    Price

  • March, 2021

  • Mar 8, 2021

    Date

    Sold

    CRMLS: OC21000826

    $1,150,000

    Price

  • Feb 9, 2021

    Date

    Pending

    CRMLS: OC21000826

    $1,100,000

    Price

  • Jan 30, 2021

    Date

    Hold

    CRMLS: OC21000826

    $1,100,000

    Price

  • Jan 11, 2021

    Date

    Active

    CRMLS: OC21000826

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    This is an incredible opportunity to acquire two parcels consisting of 2 and and 3 units, totaling 5 units in Boyle Heights just east of Downtown LA. All the units are two bedrooms, with two of them vacant, remodeled, and ready to move in. The other three units have long term MTM tenants in place offering a new owner/investor to achieve above market returns in the future. The property is being offered for sale together, but a creative investor can look to separate the two lots and sell them off individually. The entire property totals 4,102sf and sits on a large 11,225sf lot zoned RD1.5. With several detached garages, there is the potential of adding additional ADU’s for increased cash flow and rental income. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Convenient location in Boyle Heights east of Downtown Los Angeles near USC Medical Center, Community Hospital, Commerce, Freeways, Parks & Recreation, and Restaurants & Shops.

  • December, 2017

  • Dec 7, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3555 Siskiyou St

Assessed Value (2020): $523,320
Year Land Value Improved Value Assessed Value
2020 $238,251 $285,069 $523,320

Home Value Compared to the Market

This property vs the competition

3555 Siskiyou St is listed 54.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $699.05 per/sqft which puts the price per square foot 9.33% lower than the median price per square foot for the city of Los Angeles.

About 3555 Siskiyou St

Detailed summary of property

3555 Siskiyou St is a multi family located in Los Angeles, CA 90023 and is currently for sale. This multi family property offers 14 bedrooms, 7 bathrooms, roughly 2,645 living square feet, and sits on an approximately 5,938 square foot lot. 3555 Siskiyou St was first listed on ArdentRealEstateGroup.com on July 16, 2024. The homeowner is currently asking $1,849,000 and was originally asking $1,999,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 54.08% higher than the median priced home. Local competing homes currently for sale include 2321 Hooper Ave, 2119 N Broadway and 5150 Ithaca Ave. While the average home in Los Angeles, CA is selling in 106 days, 3555 Siskiyou St has a days on market of 74 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 3555 Siskiyou St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3555 Siskiyou St

Public county record property details
Beds
6
Baths
5
Year built
1929
Sq. Ft.
2,645
Lot Size
5,903
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5188-016-024

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$604
Total Inventory
20
Median Sale to List Price %
106.55%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

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Recently Sold Homes Near 3555 Siskiyou St

3538 Siskiyou St, Los Angeles, CA 90023
$650,000 Last Sold Price
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5 Baths
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3464 Siskiyou St, Los Angeles, CA 90023
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812 Spence St, Los Angeles, CA 90023
$580,000 Last Sold Price
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3557 Percy St, Los Angeles, CA 90023
$1,995,000 Last Sold Price
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3557 Percy St
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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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