Under contract
207 N Savannah St
Los Angeles CA, 90033
$2,300,000
$205.91 per sqft
Under contract
26 Beds
17 Baths
11,170 sqft
Multi-family
Built in 1932
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.
24-445363
MLSⓇ ID
September 27, 2024
Listed
January 14, 2025
Updated
Map
207 N Savannah St
Los Angeles CA, 90033
Interior Features
Total Stories
2
Bedrooms
26
Total Bathrooms
17
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.33 Acres
Other Property Details
Area Name
Boyle Heights
Days on Market
57
Garage
No
Parking
Gated, Covered Parking
Parking Total
17
View
No
County
Los Angeles
Pool
No
Zoning
LAR2
Listing History
Date | Event | Price |
---|---|---|
11/12/2024 | Under contract | — |
Listed by Sean Rosenzweig with Marcus & Millichap
Listing Contact: 310-513-3144
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor John Swartz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 1/14/2025