I challenge you to find any multi-family these days in City of L.A. that has a true cap rate of 6.67 and a gross rent multiplier of 11.97. Never mind one that is brand new construction, in a good location, with ample parking and amenities such as rooftop decks with mountain views. Yet that is exactly what you are getting here at 2611 E 4th St! The rooftop decks, by the way, have proven to be a huge amenity, as they allow the tenant to entertain on a large scale in a highly aesthetic setting without disturbing other tenants on the premises. Delivered vacant, your tenants will be thrilled to pay the rents listed here, in dwellings that include very attractive finishes and layouts, all standard amenities including central heat and air, dishwasher and appliances. Also in unit laundry in each unit (washer/dryer not provided - hookups only.) All but one of the units will enjoy two car parking. As far as location, this property is a mile away from the 4th St Bridge that takes one right into the Art District, Little Tokyo and all other downtown venues. Not to mention that Boyle Hts itself, particularly this section of Boyle Hts, is truly burgeoning into one of LA's most charming and flourishing neighborhoods, in leaps and bounds. And this property is right in the thick of it all. Bottom line - as a landlord/property owner, you will thoroughly enjoy owning a property which not only cash flows, but will give you no headaches or unexpected expenses, being a brand new construction property, and tons of upside. Oh yes, forgot to mention that tenants pay for ALL utilities including water and trash. Oh, and one other very important thing - I have a lender who will give 30 yr fixed financing despite the fact the property is 5 units! Oh, and of course you can come see the property anytime. Looking forward to seeing you!
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 2023
Stories: 3
Living Area: 7,331 SqFt
Listing Office:
Office Name: Silverwood Properties
Office Phone: (213) 250-4404
Listing Agent: Ken Shapiro
Interior Features
Interior Information:
Appliances: Dishwasher, Refrigerator
Bedroom and Bathroom Information:
Total Bedroom Count: 19
Exterior Features
Parking Information:
Garage Space: 6 spaces
Parking: Carport, Garage, Gated, Tandem
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Jus east of the 5 Fwy & 10 Fwy interchange on East 4th St.
Price Information
Listing Price Info
Price Summary:
List Price: $2,995,000
Price Per SqFt: $409/SqFt
Tax Information:
Annual Amount: $12,217
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M more than the Median Sold Price and $232/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24465335
Listing Office:
Office Name: Silverwood Properties
Office Phone: (213) 250-4404
Listing Agent: Ken Shapiro
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 02, 2018
Jul 02, 2018Home Sold
$617,000
Jun 19, 2015
Jun 19, 2015Home Sold
$347,500
Jan 02, 2014
Jan 02, 2014Home Sold
$225,000
Sep 18, 1997
Sep 18, 1997Home Sold
$133,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,217
$1,017,689
2020
$6,612
$914,218
2019
$4,637
$545,704
2018
$4,537
$367,050
2017
$4,537
$359,854
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
1st Street Elementary
2820 E 1st St
Distance between this listing and this school0.29 miles
Public District Grades PK-6
3
/10
Breed Street Elementary School
2226 E 3rd St
Distance between this listing and this school0.30 miles
Public District Grades KG-6
6
/10
Kipp Promesa Preparatory
207 S Dacotah St
Distance between this listing and this school0.44 miles
Public Charter Grades KG-4
Nearby Schools
5
/10
Hollenbeck Middle School
2510 E 6th St
Distance between this listing and this school0.28 miles
Public District Grades 6-8
3
/10
Extera Public
2226 E 3rd St
Distance between this listing and this school0.30 miles
Public Charter Grades KG-8
8
/10
Kipp los Angeles College Preparatory
2810 Whittier Blvd
Distance between this listing and this school0.56 miles
Public Charter Grades 5-8
Nearby Schools
5
/10
Theodore Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.14 miles
Public District Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school0.14 miles
Public Magnet Grades 9-12
7
/10
Boyle Heights STEM High School
2550 E 6th St
Distance between this listing and this school0.19 miles
The neighbors living near this home have an average income of $32,188. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2611 E 4th St
What is the listing price of this property?
The listing price of 2611 E 4th St property is $2,995,000.
What type of property is this?
The property 2611 E 4th St is a house located in Los Angeles, California, 90033.
Is this property for sale now?
Active Listing: 2611 E 4th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,217 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 2, 2018 for $617,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 2611 E 4th St has 19 bedrooms and 11 bathrooms.
What is the square footage of this property?
The property 2611 E 4th St is 7,331 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2611 E 4th St is 2023.
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This home is located at 2611 E 4th St in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This 7,331 square foot home, which was built in 2023, sits on a 0.14 acre lot. Features: 19 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $2,995,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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