Opportunity for mixed-use housing and retail in the Boyle Heights neighborhood. The property consists of two buildings on the same lot. Building one is a residential, two-story building and includes: (2) one-bedroom apartments and (1) two-bedroom apartment, (7) one-room occupancy units with two shared bathrooms and one shared kitchen. Building two is a one-story building that is currently leased to a market/liquor store. It is nicely located on a corner lot with access from an alley. With the current Boyle Heights development plan underway, this is a value-ad opportunity that offers a strong cap rate based on current rental income. The property is conveniently located with quick access to freeways, downtown and a mile to USC Medical Center.
Property Type :
Residential Income
Subdivision :
Fallbrook
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/16/2024 @ 20:13
MLS: OC24045869
LISTED BY: Nathan Gruber, The Group Realty, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
