Description
Built in 1958, this well-maintained multifamily property offers a desirable unit mix of two 2-bedroom/1-bath and two 3-bedroom/2-bath units, on a 4,783 sf lot zoned lcr4*.
with low operating expenses and easy management, this asset presents a strong investment opportunity at a 10.04 grm and a 7.84% cap rate, based on the current monthly rental income of $11,620. an upcoming 4% rent increase offers additional upside potential.**
ideally located just 1.9 miles from usc and east los angeles college, and approximately 2.2 miles from the soto metro station, the property benefits from both tenant demand and excellent transit accessibility.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49569786
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Fireplace: None
Cooling Features
- None
- Air Conditioning
Heating Source
- None
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1958
- Building Area Total: 2,256
Pool Features
- None
Laundry Features
- None
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1098
- Lot Size Source: Assessor
- Lot Size Square Feet: 4783
-
Listing Information
Listing Price Information
- Original List Price: 1,400,000
- Listing Contract Date: 2025-04-29
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5224022022
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: None
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: BOYH - Boyle Heights
- Directions: Near the intersection of Medford Street and North Herbert Avenue
- Zoning: LCR4
- Source Property Type: Residential Income
- Area: BOYH - Boyle Heights
- Property SubType: Quadruplex
Building and Construction
- Property Age: 67
- Common Walls: No Common Walls
- Structure Type: Quadruplex
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 05/13/2025 @ 20:06
- MLS: SB25094056
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 10 bedrooms which is for sale, it has 2,256 sqft, 4,783 sized lot, and 0 parking. are nearby neighborhoods.