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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$ 1,195,000
Est. payment | /mo
3,044 SqFt
$ 1,195,000
Est. payment | /mo
3,044 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,044 sqft
Price per Sqft $392
MLS Listing ID CRSB24241731
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1895
Lot Size 7,474 Sqft
Property Sub-Type Other
Property Description
Outstanding opportunity at over 7% Cap Rate on current income. The spacious front house has been fully gutted and remodeled, and can be delivered vacant or rented at $4,800. The 4-plex behind it has also undergone extensive renovations and consists of four 1-bedroom units with rents of $1,990, $1,918, $951, and $715. The large 7,470 Sq. Ft. lot provides ample on-site parking for residents. This renovated property offers an excellent layout for an owner-user or investment property, featuring a detached front house and a separate 4-plex at the rear, all situated on a single lot. ***Located in a sought-after area of Boyle Heights, this property sits on a quiet cul-de-sac in a residential neighborhood, close to parks, restaurants, medical facilities, public transportation, and offers easy access to freeways.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Level, Other
Water Public
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