207 N Savannah Street

Los Angeles, CA 90033

$2,300,000

List Price

26

bed Beds

17

shower Baths

11,170 sqft

straighten / sqft

1932

calendar_month Built

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.

Listing Information

List Price $2,300,000
Status Active
MLS 24445363
Type Residential Income
Year Built 1932
Lot Size 14,285
Structure Size 11,170
DOM 11
Courtesy Of Marcus & Millichap
Listing Agent Sean Rosenzweig DRE#01406343

Interior Features

Total Bedroom
Bedrooms 26
Total Bathroom
Bathrooms 17

Exterior Information

Maps

Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 27th, 2024 at 5:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.