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$2,500,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
Key Details
Property Type Residential Income
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID IV24237273
HOA Y/N No
Rental Info Month To Month
Year Built 1965
Lot Size 0.294 Acres
Property Sub-Type Apartment
Property Description
This 14-unit multifamily building in desirable Boyle Heights neighborhood presents a prime investment opportunity. Sitting on a spacious 12,808 sq ft lot, the property offers a strategic location with easy access to Downtown Los Angeles. Residents enjoy convenient access to major freeways and a variety of local shops and restaurants. The building consists of all 2-bedroom, 1-bath units, with 4 units recently remodeled. All units are separately metered for electricity and gas, tenants are also responsible for their trash. The property boasts 100% occupancy, with stable tenants and minimal turnover. Parking is abundant, with 13 of the 14 units having assigned parking spaces. Additionally, an on-site laundry facility adds convenience for residents. This property provides strong cash flow, excellent long-term potential, and is an ideal addition to any investment portfolio.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LARD1.5
Interior
Fireplace No
Laundry In Carport, Outside
Exterior
Parking Features Carport
Pool None
Community Features Sidewalks
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5177011040
Energy Description 3917.0
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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Listed by RACHAEL NOL KELLER WILLIAMS RIVERSIDE CENT 951-848-5188, DRE #01963611
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Chris & Michelle Mardelli
Broker Associate License ID: 01834969
+1(626) 215-4105 | chris@therealupside.com
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