Description
MAJOR PRICE REDUCTION! Excellent opportunity to own 6 units (3 buildings) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.2% cap rate as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. All units come with their own gas and electric utility meters, passing those utility expenses onto the tenants. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month. MAJOR PRICE REDUCTION! Excellent opportunity to own 6 units (3 buildings) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.2% cap rate as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. All units come with their own gas and electric utility meters, passing those utility expenses onto the tenants. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month.
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6BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
MAJOR PRICE REDUCTION! Excellent opportunity to own 6 units (3 buildings) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.2% cap rate as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. All units come with their own gas and electric utility meters, passing those utility expenses onto the tenants. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month. MAJOR PRICE REDUCTION! Excellent opportunity to own 6 units (3 buildings) in the rapidly developing Boyle Heights neighborhood with strong in-place cashflow at a 4.2% cap rate as well as high yield cashflow upside through rent increases and value-add. The front building is a charming 3-Bed 1-Bath SINGLE FAMILY RESIDENCE, the center building is QUADPLEX with (4) 1-Bed/1-Bath units, and ADDITIONAL DETACHED 1-Bed/1-Bath UNIT. All units come with their own gas and electric utility meters, passing those utility expenses onto the tenants. The large lot allows ample onsite parking with 5 carport spaces as well as common area. This location is sought out by both families and working professionals due to its proximity to Downtown Los Angeles and DTLA Arts District, Keck USC Hospital, Dodger Stadium and Cal State LA. This property is ideal for commuter access with proximity to 5,10,60 and 710 freeways. Classified as TOC Tier 3 under the Affordable Housing Incentive Program.Building is fully occupied and all tenants are month-to-month.
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