Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    207 Savannah Street, Los Angeles, CA 90033
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    • MLS#: 24445363 ( )
    • Street Address: 207 Savannah Street
    • Viewed: 1
    • Price: $2,300,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1932
    • Bldg sqft: 0
    • Days On Market: 111
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90033
    • Provided by: Marcus & Millichap
    • Contact: Sean Sean
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Building Area Total
    1. 11170.00
    Country
    1. US
    Levels
    1. Two
    Netoperatingincome
    1. 104744.00
    Parcel Number
    1. 5180015028
    Parking Features
    1. Gated
    2. Covered
    Sourcesystemkey
    1. 24-445363:CLAW
    Totalexpenses
    1. 114694.00
    Year Built
    1. 1932
    Year Built Source
    1. Assessor
    Zoning
    1. LAR2
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836