Boyle Heights
For sale
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Beds/baths
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Boyle Heights, CA Homes for Sale
Property being sold with adjacent duplex property (3524 E. Pico Boulevard) at a total list price of $1,175,000. Duplex & Single-Family House on Adjacent Lots | Situated on Separate Parcels - Each with Its Own APN | Desirable Owner-User Potential | Unit Mix (One) 2-Bedroom/1-Bathroom House & (Two) 1-Bedroom/1-Bathroom Stand-Alone Units | Located Just Southeast of Downtown Los Angeles | Close Proximity to the Arts District, Boyle Heights, Fashion District and the Industrial Complexes & Warehouses in Vernon May Qualify for Residential Financing | Located Near Citadel Outlets, Los Angeles Community Hospital, East L. A. College, Costello J. Recreation
Constructed in 1989, the property is not subject to Los Angeles rent control and features an outstanding unit mix, with 75% of the units holding two, three, or four bedrooms. Available for only $178 per square foot, the property features spacious floorplans that average approximately 1,200 square feet per apartment. The sprawling lot features ample parking, with approximately 46 covered and open parking spaces atop the concrete driveway. Each of the three apartment groupings contains its own on-site laundry room, helping to provide additional cash flow to the owner. Many of the unit interiors have been updated with wood laminate flooring, and select units feature recessed lighting, new kitc
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* * * PRIME INVESTMENT OPPORTUNITY IN BOYLE HEIGHTS * * * Located near Downtown Los Angeles in the vibrant Boyle Heights neighborhood, this freshly painted triplex features two buildings on a spacious lot with RD1.5 zoning, offering exceptional potential for investors or homeowners. The front duplex includes two units, each with 2 bedrooms and 1 bathroom. The back single-family home features 3 bedrooms, 1 bathroom, a private backyard, and a garage with the potential to be converted into an ADU. 1 front unit and back single-family home are both currently occupied by Section 8 tenants. A long driveway offers ample multi-vehicle parking, adding to the property's convenience and functio
Great investment opportunity! Four unit property All generating income in Boyle Heights. Unit #1 is a 2 bed, 1 bath, laundry hookups, plus bonus room, Unit #2 is a 2 bed, 1 bath, Unit #3 is a studio apt with 1 bath, Back house is a 1 bed, 1 bath with laundry hook ups and a private porch. All units come with updated kitchens and bathrooms. This property has had plumbing recently replaced with copper pipping, new roof and updated electrical wiring. This property is walking distance to a local park and has the 5 fwy, 60 fwy, and 101 fwy close by.
I challenge you to find any multi-family these days in City of L. A. that has a true cap rate of 6.67 and a gross rent multiplier of 11.97. Never mind one that is brand new construction, in a good location, with ample parking and amenities such as rooftop decks with mountain views. Yet that is exactly what you are getting here at 2611 E 4th St! The rooftop decks, by the way, have proven to be a huge amenity, as they allow the tenant to entertain on a large scale in a highly aesthetic setting without disturbing other tenants on the premises. Delivered vacant, your tenants will be thrilled to pay the rents listed here, in dwellings that include very attractive finishes and layouts, all standa