Description
Marcus and millichap is pleased to present a seven (7) unit apartment building located at 3733 bostwick street in los angeles, california. the subject property is situated in a quiet city terrace location, north of pomeroy street and east of city terrace drive. located just across the river from the arts district, city terrace is in a highly dense and unincorporated area of los angeles with over 75% of residents being renters. recently city terrace has seen a lot of interests and is a place for residents looking to escape high rents elsewhere. city terrace and its adjoining neighborhood, boyle heights, is undergoing a real estate boom and property values have trended upward. the community is undergoing a renaissance due to its proximity to downtown and accessibility to public transportation. future residents will benefit from outstanding access to retail, entertainment, and cultural venues within the immediate submarket as well as nearby neighborhoods like downtown la, silverlake, echo park, and hollywood. the metro gold line now extends through east los angeles, providing light rail transit service in the eastside. constructed between 1926 and 1970, the property sits in an up and-coming area and has a desirable unit mix of two (2) studios, one (1) one-bedroom / one-bathroom unit, and four (4) two bedroom / one-bathroom units. five (5) of the units have been renovated, and two (2) buildings have new roofs. tenants enjoy on-site laundry, garage parking, and detached structures which allows for increased privacy. the breakdown of the property is as follows: the building in the front on the left is an unrenovated studio. the building in the front on the right is a 2+1 that has been renovated, has had square footage added, has a new roof, and is separately metered for water, gas, and electric. the building in the middle has a new roof and consists of a converted 2+1 patio and basement, a 2+1 moderately renovated unit on the bottom floor, and a fully renovated 1+1 and 2+1 upstairs. finally, the building in the back is a fully renovated studio. well positioned in a gentrifying area of city terrace, the subject property offers dominant access to numerous entertainment possibilities, which presents a special opportunity for an investor to capitalize on a stabilized asset and a strong 6.82% cap rate.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49654513
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 9
Bathroom Information
- Total Baths: 7
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Dishwasher
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Exterior Features
Building Information
- Year Built: 1926
- Building Area Total: 3,810
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1325
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 5771
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Listing Information
Listing Price Information
- Original List Price: 1,575,000
- Listing Contract Date: 2025-05-07
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 5228021027
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: ELA - East Los Angeles
- Postal Code Plus 4: 2001
- Directions: Just south of the 10 freeway and west of Eastern Avenue
- Zoning: LCR2*
- Source Property Type: Residential Income
- Area: ELA - East Los Angeles
Building and Construction
- Property Age: 99
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 3810
- Levels or Stories: Multi/Split
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BuyOwner last updated this listing 05/14/2025 @ 00:15
- MLS: 25535405
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 9 bedrooms which is for sale, it has 3,810 sqft, 5,771 sized lot, and 0 parking. are nearby neighborhoods.