2028 Pennsylvania Avenue

Los Angeles, CA 90033

  • 16 Bed(s)
  • 0 Bath(s)
  • 10,233 Sqft
  • 14717
    Sqft(Lot)
$2,195,000

Description

Cap rate of 6.5 ! prime 12-unit investment opportunity in boyle heights ! an exceptional opportunity to acquire a 12-unit multifamily property in the heart of prime boyle heights! situated on a huge corner lot, this investment features three buildings, one 10-unit building and two standalone units, offering an excellent unit mix with strong rental demand. with 30% upside in rents, this property presents a tremendous value-add opportunity for investors. seven units have already been fully remodeled, featuring new flooring, modern kitchen cabinets, upgraded appliances, and more. the remaining units provide the potential for additional renovation and increased rental income.located in an a+ location, this asset benefits from strong tenant demand, proximity to major employment hubs, and easy access to public transit, freeways, and vibrant neighborhood amenities. don't miss this rare chance to own a high-potential investment in one of los angeles' most dynamic rental markets! the property address is 117 n st louis st. la ca 90033 also with apn: 5183-007-041.one unit is vacant!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49144906

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1966
    • Building Area Total: 10,233

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3379
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 14717

  • Listing Price Information

    • Original List Price: 2,195,000
    • Listing Contract Date: 2025-03-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5183007041

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: BOYH - Boyle Heights
    • Postal Code Plus 4: 2834
    • Directions: South of Cesar Chavez, On the corner of Pennsylvania and St. Louis
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: BOYH - Boyle Heights

    Building and Construction

    • Property Age: 59
    • Year Built Source: Other
    • Total Square Feet Living: 10233
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/04/2025 @ 05:26

  • MLS: 25517167
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 10,233 sqft, 14,717 sized lot, and 0 parking. are nearby neighborhoods.