Description
We are pleased to present NINE Single-Story Units in Rapidly Gentrifying Boyle Heights Area of Los Angeles. The property has an Attractive Unit Mix of Studios, 1 and 2 Bedroom Units. A Great Investment Opportunity that has Recent Capital Improvements which includes New Exterior Paint (and Wood-like Floors in Select Units). There are Minimal Landlord Expenses as All Units are Separately Metered for Gas & Electricity. This Income-Producing Investment yields a 4.93% Cap Rate on Current Rents & yet has Plenty of Room for Rental Upside Potential. Property is Centrally Located within a Few Minutes to Downtown Los Angeles, the Arts District, Little Tokyo and the USC Hospital. Tenants can appreciate living within close walking distance to the various busy retail corridors including East Cesar E Chavez Avenue and North Evergreen Street. This is a lovely corner lot property that is strategically located near the 5, 10 and 101 Freeways.
Location
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Listing Agent: Shant Sherbetdjian Courtesy of: Remax Commercial And Investment Realty The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 10th August, 2022 2:14 AM (UTC)
