207 N Savannah Street
Los Angeles, CA 90033
- – beds
- – baths
- – sqft
- 14,285 sqft lot
- 1932 build
- – on site
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.
Listed By CRMLS_CA / Sean Rosenzweig / Marcus & Millichap
Last checked:
Checking…
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Last updated Sep 27, 2024
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MLS# 24445363 —
The Building
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Year Built:1932
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:11170.00
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# of Buildings:2
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Total Number Of Units:17
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:West of North Evergreen Avenue & South of Michigan Avenue
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Latitude:34.04214600
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Longitude:-118.20329100
The Property
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Property Type:Residential Income
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Zoning:LAR2
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Lot Size Area:14285.0000
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Lot Size Acres:0.3279
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Lot Size SqFt:14285.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5180015028
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Gated, Covered
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Parking Spaces:17.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/27/24
Sep 27, 2024
|
Listed / Active | CRMLS_CA | $2,300,000 | -15.6% (-3.4% / YR) |
2/21/20
Feb 21, 2020
|
CRMLS_CA | $2,725,000 | ||
9/9/19
Sep 9, 2019
|
Listed / Active | DAMLS |