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$ 1,895,000
Est. payment | /mo
6 Beds
4 Baths
8,283 Sqft Lot
$ 1,895,000
Est. payment | /mo
6 Beds
4 Baths
8,283 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25126510
Bedrooms 6
HOA Y/N No
Lot Size 8,283 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Pleased to introduce this excellent investment opportunity in a high-demand rental pocket adjacent to Boyle Heights and just 6 miles from Downtown Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6% cap rate on current rents, plus significant upsideup to 40% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Dont miss this rare opportunity to acquire a value-add asset in one of L.A.'s most consistently strong rental markets.
Pleased to introduce this excellent investment opportunity in a high-demand rental pocket adjacent to Boyle Heights and just 6 miles from Downtown Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6% cap rate on current rents, plus significant upsideup to 40% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Dont miss this rare opportunity to acquire a value-add asset in one of L.A.'s most consistently strong rental markets.
Pleased to introduce this excellent investment opportunity in a high-demand rental pocket adjacent to Boyle Heights and just 6 miles from Downtown Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6% cap rate on current rents, plus significant upsideup to 40% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Dont miss this rare opportunity to acquire a value-add asset in one of L.A.'s most consistently strong rental markets.
Location
State CA
County Los Angeles
Area Los Angeles (90023)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $368
Space Rent $1,146
Listed by Rick Applebaum • Morgan Skenderian
"My mission as your Realtor is to build trust-based relationships and exceed your expectations, ensuring a seamless and rewarding real estate experience."