CA > Los Angeles
Los Angeles, CA 90033,207 N Savannah ST
Los Angeles, CA 90033,207 N Savannah ST
Los Angeles, CA 90033,207 N Savannah ST
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Diego Magdaleno

Diego Magdaleno

+1(714) 681-1222
$2,300,000
Est. payment /mo
26 Beds
17 Baths
11,170 SqFt
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UPDATED:

11/12/2024 07:34 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 11,170 sqft

Price per Sqft $205

MLS Listing ID 24445363

Bedrooms 26

HOA Y/N No

Year Built 1932

Lot Size 0.328 Acres

Property Description

Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three studio units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. This property is located in the Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles and The Arts District. This property sits on North Savannah Street, between Cesar Chavez Avenue and 1st Street, just west of Evergreen Avenue. Tenants of the building benefit from immediate access to the 10-freeway, and less than a 14-minute bike ride to the Art's District of Downtown Los Angeles. Additionally, the Gold Line Station at Soto Street is only a 10-minute walk and gives access to employment hubs throughout Los Angeles MSA. The Sixth Street Viaduct opened to the public in July 2022 and adds another thoroughfare into the Arts District. The $588 million-dollar project crosses over a new public park. The much-discussed effort to restore the Los Angeles River continues to drive new development in the surrounding neighborhoods as eight firms compete to restore the section of the river that runs between Downtown Los Angeles and Boyle Heights. This property offers an investor the rare opportunity to acquire a mid-century constructed asset at an extremely favorable basis of $135,294 per Unit for mostly two-bedroom units, with on-site parking.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAR2

Interior

Fireplace No

Exterior

Garage Covered, Gated

Total Parking Spaces 17

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5180015028

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Sean Rosenzweig • Marcus & Millichap
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