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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.
Property Type(s):
Residential Income
| Last Updated | 11/12/2024 | Year Built | 1932 |
|---|---|---|---|
| Community | Boyle Heights | County | Los Angeles |
Additional Details
| AREA | Boyle Heights |
|---|---|
| GARAGE | Covered, Gated |
| LOT | 0.33 acre(s) |
| PARKING | Covered,Gated |
| STORIES | 2 |
| ZONING | LAR2 |
Location
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Listed with Marcus & Millichap
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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