Description
This is an incredible opportunity to acquire two parcels consisting of 2 and and 3 units, totaling 5 units in Boyle Heights just east of Downtown LA. All the units are two bedrooms, with two of them vacant, remodeled, and ready to move in. The other three units have long term MTM tenants in place offering a new owner/investor to achieve above market returns in the future. The property is being offered for sale together, but a creative investor can look to separate the two lots and sell them off individually. The entire property totals 4,102sf and sits on a large 11,225sf lot zoned RD1.5. With several detached garages, there is the potential of adding additional ADU’s for increased cash flow and rental income. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Convenient location in Boyle Heights east of Downtown Los Angeles near USC Medical Center, Community Hospital, Commerce, Freeways, Parks & Recreation, and Restaurants & Shops.
Map
Similar Listings
$999,999,000
3
1,241 Sq ft
MLS# 40931677BR
Listing Agent: JULIE HANSON 00885143
Courtesy of: Corcoran Global Living
$650,000,000
MLS# 190052903MR
Listing Agent: Miguel Bush 01226601
Courtesy of: Ironwood Properties Inc.
$160,000,000
13
25
28,660 Sq ft
MLS# 20-600056
Listing Agent: Jeffrey Hyland 00389584
Courtesy of: Hilton & Hyland
$119,000,000
18
25
MLS# 20-547352
Listing Agent: Mauricio Umansky 01222825
Courtesy of: The Agency
$115,000,000
12
14
10,646 Sq ft
MLS# 20-598742
Listing Agent: Drew Mandile 00412173
Courtesy of: Sotheby's International Realty
$110,000,000
741 Sq ft
MLS# 19-517008
Listing Agent: Jesse Lally 01914868
Courtesy of: Hilton & Hyland
$110,000,000
15
26
MLS# 19-538252
Listing Agent: Marco Naggar 02004994
Courtesy of: Compass
$110,000,000
MLS# 19-516808
Listing Agent: Jesse Lally 01914868
Courtesy of: Hilton & Hyland
$100,000,000
5
14
MLS# 20-638102
Listing Agent: Christopher Cortazzo 01190363
Courtesy of: Compass
$99,000,000
9
20
34,000 Sq ft
MLS# 20-668980
Listing Agent: Rayni Williams 01496786
Courtesy of: The Beverly Hills Estates
$95,000,000
MLS# 18-401882
Listing Agent: Jeffrey Hyland 00389584
Courtesy of: Hilton & Hyland
$89,000,000
MLS# 71064797MR
Listing Agent: Brian Guiltinan 01210738
Courtesy of: The Guiltinan Group
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
