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+GGs 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.
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0BEDS
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0.26ACRES
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0BATHS
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01/2 BATHS
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4,102SQFT
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$268$/SQFT
School Ratings & Info
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+GGs 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.