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3010 Minnesota St 2 Unit Apartment Building Offered at $1,106,000 CAD at a 3.42% Cap Rate Los Angeles, CA 90031
Executive Summary
A rare two-on-a-lot opportunity awaits on a hillside in Lincoln Heights, a Craftsman duplex comprising two fully detached bungalows with panoramic views and one unit delivered vacant. Overlooking the DTLA skyline and the Hollywood Sign, the vacant front unit is bright and spacious, with one bedroom and original moldings, built-ins, and period details throughout. The covered front porch perched high above the street is a lovely spot for morning coffee, and a back patio provides space for alfresco dining. The back unit is tucked away in privacy, featuring one bedroom, a flexible lower-level bonus space, and a large veranda with sweeping DTLA views. The property is perfect for an owner-user, an ideal setup to live in one and earn income from the other. You are close to The Heights Deli & Bottle Shop, Zizou, Trattoria Daly, Yumami, The Airliner, and El Arco.
Property Facts
| Price | $1,106,000 CAD | Property Type | Multifamily |
| Price Per Unit | $553,000 CAD | Building Size | 1,242 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 3.42% | No. Stories | 1 |
| Gross Rent Multiplier | 19.58 | Year Built | 1932 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Price | $1,106,000 CAD |
| Price Per Unit | $553,000 CAD |
| Sale Type | Investment |
| Cap Rate | 3.42% |
| Gross Rent Multiplier | 19.58 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,242 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1932 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,419 CAD | - |
| 1+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5208-001-002 | Improvements Assessment | $225,906 CAD |
| Land Assessment | $684,779 CAD | Total Assessment | $910,685 CAD |
Property Taxes
Parcel Number
5208-001-002
Land Assessment
$684,779 CAD
Improvements Assessment
$225,906 CAD
Total Assessment
$910,685 CAD
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3010 Minnesota St
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