1612 Pennsylvania Avenue
Los Angeles, CA 90033
8
Bed
5
Bath
7,486Sqft(Lot)
Just Listed! Outstanding value-add opportunity to acquire a 4-unit multi-family property in Boyle Heights, offering a rare combination of immediate vacancy and strong day-one cash returns. The property is currently operating at a 6.28% CAP Rate and 11.57 GRM, with three of the four units to be delivered vacant, allowing investors to lease at current market rents from the outset and maximize thier cash flow. Built in the 1970s, the property features a highly desirable and diverse unit mix consisting of a detached single-story 2-Bedroom/1-Bath cottage, one 2-Bedroom/2-Bath unit with a den, and two 2-Bedroom/1-Bath units, totaling approximately 3,385 rentable square feet on a 7,486 sq. ft. lot. Residents enjoy the privacy of a gated entry along with onsite garage parking, while ownership
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: ShingleLaundry Features: None -
Heating & Cooling
Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1972Building Area Total: 3387Stories: 1Pool Features: NonePrivate Pool: NoView: None
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Lot Information
Main Square Feet: 7486 Lot Size Acres: 0.1719 Lot Size Source: Assessor Lot Size Square Feet: 7,486 Lot Description: ZeroToOneUnitAcre
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Listing Price Information
Listing Price: $1175000CashToNewLoan
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Tax Information
Parcel Number: 5174024035 Tax Lot: 5174 Tax Block: 024
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Virtual Tour
Parking Information
Parking Total: 4 Assigned, Paved, GarageFacesRearGarage Information
Has Garage: Yes Garage Space: 2
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Utility Information
ElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable -
Location Information
Direction: South of Cesar Chavez Ave. West of Soto St. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2426 Medford, Los Angeles, CA, 90033 | $599,000 | 2 | 2 | 808 | 808 SqFt |
| 1454 Ricardo #1454, Los Angeles, CA, 90033 | $489,000 | 2 | 2 | 1,250 | 1,250 SqFt |
| 2737 Pomeroy St, Los Angeles, CA, 90033 | $825,000 | 7 | 4 | -- | |
| 2545 Zonal Avenue, Los Angeles, CA, 90033 | $722,000 | 2 | -- | -- | |
| 2814 Wabash Avenue, Los Angeles, CA, 90033 | $950,000 | 7 | 2 | 2,184 | 2,184 SqFt |
| 2731 Wabash Avenue, Los Angeles, CA, 90033 | $710,000 | 4 | 2 | 1,587 | 1,587 SqFt |
| 2812 Blanchard, Los Angeles, CA, 90033 | $660,000 | 2 | 2 | 1,302 | 1,302 SqFt |
| 2530 Ganahl, Los Angeles, CA, 90033 | $1,549,000 | 8 | 8 | -- | |
| 2740 Fairmount, Los Angeles, CA, 90033 | $1,299,000 | 2 | 2 | 2,800 | 2,800 SqFt |
| 1031 N Fickett, Los Angeles, CA, 90033 | $748,000 | 1 | 1 | 1,248 | 1,248 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 08/12/2026 @ 11:42
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