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Located in the rapidly gentrifying Boyle Heights neighborhood of Los Angeles, the property occupies a corner lot just blocks from the busy retail corridor along Cesar E Chavez Avenue, which features a Walgreens, La Monarca Bakery, and several restaurant options. Based on current rents and expenses, the offering boasts an attractive 5.36% CAP Rate for a new investor. Constructed between 1905 and 1925, the three buildings feature an excellent unit mix. Two of the buildings are large single-family homes*, while the eight-unit apartment building on the site includes a three-bedroom unit and seven one-bedroom units with dens. Combined, the rentable area totals 9,726 square feet spread among the 10 units. Seller believes one single-family house was converted into 7 single room occupancy rooms. Buyer to conduct their own due diligence regarding this matter.
Property Type(s):
Residential Income
| Last Updated | 8/28/2024 | Year Built | 1925 |
|---|---|---|---|
| Community | Boyle Heights | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal |
| AREA | Boyle Heights |
| GARAGE | On Street |
| HEAT | Electric, Wall Furnace |
| LOT | 9372 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Sewer Tap Paid |
| STORIES | 3 |
| STYLE | Craftsman |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with Realty ONE Group United
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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