Description
Pleased to introduce this excellent investment opportunity in a high-demand rental pocket adjacent to boyle heights and just 6 miles from downtown
los angeles. this 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6% cap rate on current rents, plus significant upside—up to 40% projected rental growth. recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. don’t miss this rare opportunity to acquire a value-add asset in one of l.a.'s most consistently strong rental markets.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50096357
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1960
- Building Area Total: 5,413
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1902
- Lot Size Source: Assessor
- Lot Size Square Feet: 8283
-
Listing Information
Listing Price Information
- Original List Price: 1,895,000
- Listing Contract Date: 2025-06-05
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5241016023
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: BOYH - Boyle Heights
- Postal Code Plus 4: 4139
- Directions: West of the 710 Freeway and South of the 5 Freeway.
- Zoning: LCM1-R4*
- Source Property Type: Residential Income
- Area: BOYH - Boyle Heights
- Property SubType: Apartment
Building and Construction
- Property Age: 65
- Common Walls: No Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Street
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BuyOwner last updated this listing 06/07/2025 @ 20:59
- MLS: PW25126510
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 5,413 sqft, 8,283 sized lot, and 1 parking. are nearby neighborhoods.