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$1,299,000
Est. payment /mo
7,038 Sqft Lot
UPDATED:
12/17/2024 12:27 AM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRGD24237746
Originating Board California Regional MLS
Year Built 1961
Lot Size 7,038 Sqft
Property Description
We are pleased to present a rare investment opportunity situated on one of the most desirable streets in Boyle Heights. This property offers immediate income potential with three of its four units fully renovated and ready for occupancy at market rents. Key Features: Turnkey Investment: Generate immediate cash flow with three units already rented at market rates, currently producing a total monthly income of $8,440 ($101,280 annually). Desirable Location: Situated on a premier street in Boyle Heights, known for its strong rental demand and potential for appreciation. Modernized Units: Three units feature comprehensive renovations, including updated electrical and plumbing systems, new paint, windows, flooring, laundry connections, kitchen countertops and cabinets, and bathroom fixtures. Separate Metering: Individual gas and electricity meters for each unit ensure efficient utility management and cost recovery. Ample Parking: The property includes two separate buildings, each with a two-car garage, plus additional parking spaces, a valuable amenity in this urban location. ADU Potential: The existing two-car garage presents the opportunity for conversion into an Accessory Dwelling Unit (ADU), subject to local regulations, further enhancing the property's income potential.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry Gas Hookup, 30
Exterior
Garage Spaces 2.0
Pool None
Building
Water District - Public
Others
Tax ID 5186002009
Special Listing Condition Not Applicable
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Listed by Vartan Achabahian • Prospect Group Inc.
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Sharad Gupta
Broker | License ID: 02213637
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