Description

There 6 Units in prime Boyle Heights location. First time on the market ever (original owners). Excellent unit mix of three 2 bedroom, 1 bath units and three 1 bedroom, 1 bath units in this mid-century modern garden style building full of character and charm. The property is separately metered for both electricity and gas, offers on-site laundry (owner owned) and ample parking. The spacious units have tremendous upside of 40% in rents as the current ownership has owned the property since it was built in 1962. Two long term tenants have been there upwards of 20 years and one original tenant who has been there since 1962. Located in the progressive heart of Boyle Heights just east of Downtown LA which is well known as one of LA's hottest up and coming areas. Low expense ratio, stable tenant profile, newer roof, recently re-piped with full copper and significant upside make this property and excellent investment for an astute investor seeking a value add opportunity. Priced at only $141,000 per door and below replacement cost at $181 per square foot, this property will not last long. are no remarks available.