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$2,195,000
Est. payment /mo
10,233 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,233 sqft
Price per Sqft $214
MLS Listing ID CL25517167
HOA Y/N No
Year Built 1966
Lot Size 0.338 Acres
Acres 0.34
Property Sub-Type Other
Property Description
CAP rate of 6.5 ! Prime 12-Unit Investment Opportunity in Boyle Heights ! An exceptional opportunity to acquire a 12-unit multifamily property in the heart of Prime Boyle Heights! Situated on a huge corner lot, this investment features three buildings, one 10-unit building and two standalone units, offering an excellent unit mix with strong rental demand. With 30% upside in rents, this property presents a tremendous value-add opportunity for investors. Seven units have already been fully remodeled, featuring new flooring, modern kitchen cabinets, upgraded appliances, and more. The remaining units provide the potential for additional renovation and increased rental income.Located in an A+ location, this asset benefits from strong tenant demand, proximity to major employment hubs, and easy access to public transit, freeways, and vibrant neighborhood amenities. Don't miss this rare chance to own a high-potential investment in one of Los Angeles' most dynamic rental markets! The property address is 117 N St Louis St. LA CA 90033 also with APN: 5183-007-041.One Unit is Vacant!
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 5183007041
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Listed by Maria Samouha • Coldwell Banker Realty