Outstanding investment opportunity in the heart of Boyle Heights! This well-maintained 8-unit apartment building, built in 1948, boasts strong current income and significant value-add potential. All 2-bedroom, 1-bathroom units average 754 SF with potential to increase income to market rent. Additionally, a feasibility study and preliminary architectural plans for 2… Read More additional ADU's have been performed, allowing for a total of 10 units. These are new construction units proposed to be ADUs over the parking area and simultaneously satisfy retrofit requirements. Perched on a 9,293 SF lot, this property enjoys hillside views, extensive parking provided by 22 spaces, and a strategic location ideal for families. This property is a rare opportunity to capitalize on the strong Boyle Heights rental market and achieve robust long-term returns. Read Less
Property listed by Rosano Partners, Sagiv Rosano 213-802-0305
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Square Ft.
6,032
Lot Size
0.21 Acres
Year Built
1948
MLS Number
24465973
30 Days Snapshot Of 90033
$948k
+49%
(avg) sold price
2
0%
homes sold
120
+66%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1948, Building area total: 6,032
Community
Gated
Expenses
Operating expense: $50,184
Income
Net operating income: $118,873
Lot
0.2134 acres, 9,296 square feet, Size: 9,296
Parking
22 totals parking
Property
Zoning: LAR2
Security Features
GatedCommunity
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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