Property listed by Trevino Properties Inc., Alexander Trevino 323-302-8400
$699,000
Prime Investment Opportunity in Boyle Heights. Just in Time for the Holidays! Don't miss this rare chance to own a historic 4-unit complex in one of Boyle Heights' most promising neighborhoods. Built in 1924, this property boasts 3,884 sq. ft. of living space, featuring four oversized 1-bedroom, 1-bath units,… Read More each approximately 984 sq. ft. The units are well laid out, with two located on the ground floor and two on the upper level, each including a dedicated laundry room.Situated on a spacious corner lot just under 5,900 sq. ft., this property offers incredible potential for value-add opportunities. Explore the possibility of adding 2 to 4 additional units (subject to city approval) or reconfiguring the existing floor plans to create 2-bedroom units upon vacancy. Boyle Heights is recognized as a rapidly growing and desirable neighborhood, making this property a strategic investment for long-term returns. For context, the property next door sold for $1,900,000 after being redeveloped in 2020 into a 3-unit complex showcasing the area's potential for lucrative asset repositioning. This is a once-in-a-lifetime opportunity to capitalize on the future of Boyle Heights. Act now and make this historic property yours for the holidays! Read Less
Listing Snapshot
Days Online
79
Last Updated
Property Type
Other
Beds
4
Square Ft.
3,884
Lot Size
0.14 Acres
Year Built
1924
MLS Number
24462767
30 Days Snapshot Of 90033
$776k
+9%
(avg) sold price
2
0%
homes sold
36
-40%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1924, Building area total: 3,884, Levels: Two, Living area: 3884, 2 stories, 1 building, Architectural style: Traditional, Construction materials: Stucco
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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