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An excellent chance awaits to invest in an 8-unit property comprising 2 storefronts and 6 apartments, each offering consistent cash flow and promising growth prospects. Additionally, the property features 5 parking spots - 4 uncovered and 1 covered. Situated close to White Memorial Hospital, USC Health Services, Dodger Stadium, and Chinatown, this property benefits from steady drive-by traffic for its storefront units. Seize this opportunity for immediate cash flow, as it's expected to be snapped up quickly. Monthly Pro Forma Rent $15,000, with a 8.2% Pro Forma Cap rate.
Property Type(s):
Commercial
| Last Updated | 10/17/2024 | Year Built | 1922 |
|---|---|---|---|
| Community | Boyle Heights | County | Los Angeles |
Price History
| Prior to Aug 27, '24 | $1,750,000 |
|---|---|
| Aug 27, '24 - Today | $1,699,500 |
Additional Details
| AREA | Boyle Heights |
|---|---|
| HEAT | Floor Furnace |
| HOA DUES | 0 |
| LOT | 7559 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| STORIES | 2 |
| UTILITIES | Cable Available |
| WATER | Public |
| ZONING | LAC2 |
Location
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Listed with Equity Union
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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