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$3,800,000
Est. payment /mo
10,469 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,469 sqft
Price per Sqft $362
MLS Listing ID CRMB25044449
HOA Y/N No
Year Built 1928
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Mixed Use
Property Description
The subject is a "mixed use" income property comprised of a 16 unit multi-family apartment building and a separate 3 unit retail building. The property is located at the corner of a signalized intersection (Boyle and East 4th St) in the heart of Boyle Heights and adjacent to Downtown L.A. The two buildings sit on a large C2 lot located in the East Los Angeles Enterprise Zone with an Overlay Mixed Use Neighborhood Community Plan. Several of the units enjoy an incredible view of Downtown L.A. and the 6th Street Bridge. Most of the units are singles, one unit is 1 bed/1 bath, and one unit is a 3 bed/2 bath. The property has been owned by the same family that built the residential units and have maintained it well with several upgrades. The property has been Earthquake Retrofitted back in June 2023. Seller carryback financing is an option. *Four of the units will be delivered vacant at close of escrow*
Location
State CA
County Los Angeles
Zoning C2
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5174002013
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Listed by JACK HADJINIAN • CENTURY 21 REALTY MASTERS