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$825,000
7 Beds 4 Baths 26859241 MLS Active Status
The New Jersey Residences are a triplex in Boyle Heights adjacent to White Memorial Hospital. The three unit property has a front 5 BR + 2 Bath stand alone house that would be perfect for an owner-occupier or astute value-add multi-family investor. Behind the front house are two 1 BR + 1 Bath bungalow type units. One of the 1 BR apartment units has been tastefully renovated with new flooring and updated kitchen appliances. The front 5 bedroom house has old world charm, central air and hardwood floors throughout. The triplex was originally constructed in 1910 and is approximately 2,706 SqFT of total rentable space. The size of the lot is approximately 5,920 SqFt and is Zoned LARD 1.5. The property will be delivered with the front tenants in place who are currently paying $3,357 a month in rent. If new owners will like to move in the front house they will be responsible to pay the tenant relocation costs. Each unit is individually metered for gas and electric.

1917 New Jersey Street, Los Angeles

$825,000
TR26151226 MLS Active Status
Welcome to 801 S. Hicks and 3846 Percy St. This excellent duplex investment opportunity is in the heart of Los Angeles! This corner lot duplex offers two separate units, 801 S. Hicks is a spacious two bedroom 1 bath approx. 1129 sq. ft. of living space and 3846 Percy is approx. 600 sq. ft. 1 bedroom 1 bath unit making it an ideal property for investors seeking rental income or owner-occupants looking to offset their mortgage by living in one unit while renting the other. Both units are to be sold tenant occupied. Each unit provides comfortable living space with private entrances, offering flexibility and privacy for occupants. The property presents outstanding income potential with the opportunity to update and increase value over time. Conveniently located near shopping, restaurants, schools, public transportation, and major freeways, this duplex is well-positioned for long-term rental demand and everyday convenience. Whether you're expanding your investment portfolio or searching for a versatile multi-family property, this is a rare opportunity to own an income-producing asset in Los Angeles. Property to be sold as-is.

801 S Hicks Avenue, Los Angeles

$799,000
3 Beds 2 Baths DW26150174 MLS Active Status
Step inside to an inviting open layout floor plan, Extensively remodeled inside and out this 3 bedroom 2 bathroom home has been renovated with quality and comfort in mind for a long term ownership in mind. From the major systems to the designer finishes, nearly every aspect of the property has been upgraded. The open concept layout is filled with natural light and features a beautifully redesigned kitchen with light oak cabinetry, modern stainless steel appliances, and a seamless flow into the living and dining areas., with a new electrical panel, dual pane windows. The bathrooms have been thoughtfully updated with warm neutral finishes, creating a timeless and inviting space. Step outside to enjoy the newly constructed covered patio, perfect for entertaining, relaxing, or extending your living space outdoors. The spacious and very large backyard also features a detached garage this is a potential ADU addition to the poperty, the back is sorrounded by a wooded fencing for more privacy during family gatherings. Security Camaras Inclueded for a peace of mind for the family.

3207 Garnet, Los Angeles

$850,000
DW26149118 MLS Active Status
This duplex has everything you need! Front unit has two bedrooms 1 bath, equipped with a Mini split system. Includes washer and dryer hookups and stainless-steel appliances. Back unit is a two-bedroom 1 bath as well and has been fully renovated. Laminate flooring throughout and tile in the bathroom. Kitchen has quartz counter tops and brand-new stainless-steel appliances. Each room has its own A/C and Big Screen TV. The living room has a Gas fireplace for those cozy winter nights. Open floor plan with the kitchen and the living room. Property has unfinished ADU and Plumbing has been installed, and each unit has its own tankless water heater, including the unfinished ADU. This is a must see and has lots of potential. Please do not disturb front tenants!

3027 E 6th, Los Angeles

$975,000
SR26148044 MLS Active Status
Beautifully Remodeled Duplex with Immediate Rental Income – Perfect for Owner-Occupants or Investors! Don't miss this exceptional opportunity to own a beautifully remodeled duplex in the heart of Boyle Heights, just minutes from Downtown Los Angeles, the Arts District, USC Medical Center, Union Station, Little Tokyo, and Dodger Stadium. This spacious duplex features approximately 2,576 square feet with a total of 3 bedrooms and 2.5 bathrooms, in each unit. One unit is currently leased to an excellent tenant paying $3,500 per month, providing immediate rental income, while the second unit is ready for an owner-occupant or additional rental income. The property has been extensively renovated with thousands of dollars in recent upgrades, including beautifully remodeled kitchens, new bathrooms, new flooring throughout, modern light fixtures, updated plumbing fixtures, fresh interior finishes, dual-pane windows, high ceilings, private balcony, washer and dryer hookups, private yard, and additional storage. Whether you're looking to live in one unit while the rental income helps offset your mortgage or you're an investor seeking a turnkey income-producing property with future upside, this duplex offers outstanding flexibility and long-term value. Conveniently located near major freeways, restaurants, shopping, schools, parks, and Downtown Los Angeles employment centers. Property Highlights: One unit leased at $3,500/month Second unit delivered vacant Beautifully remodeled throughout Approximately 2,576 sq. ft. 3 Bedrooms | 2.5 Bathrooms Private yard Washer/Dryer hookups Balcony Dual-pane windows Minutes to Downtown Los Angeles Excellent opportunity for owner-occupants and investors alike. Buyer to verify all information, including square footage, permits, rental income, and zoning, to their own satisfaction.

702 S Soto, Los Angeles

$975,000
6 Beds 6 Baths SR26147448 MLS Active Status
Beautifully Remodeled Duplex with Immediate Rental Income – Perfect for Owner-Occupants or Investors! Don't miss this exceptional opportunity to own a beautifully remodeled duplex in the heart of Boyle Heights, just minutes from Downtown Los Angeles, the Arts District, USC Medical Center, Union Station, Little Tokyo, and Dodger Stadium. This spacious duplex features approximately 2,576 square feet with a total of 3 bedrooms and 2.5 bathrooms, in each unit. One unit is currently leased to an excellent tenant paying $3,500 per month, providing immediate rental income, while the second unit is ready for an owner-occupant or additional rental income. The property has been extensively renovated with thousands of dollars in recent upgrades, including beautifully remodeled kitchens, new bathrooms, new flooring throughout, modern light fixtures, updated plumbing fixtures, fresh interior finishes, dual-pane windows, high ceilings, private balcony, washer and dryer hookups, private yard, and additional storage. Whether you're looking to live in one unit while the rental income helps offset your mortgage or you're an investor seeking a turnkey income-producing property with future upside, this duplex offers outstanding flexibility and long-term value. Conveniently located near major freeways, restaurants, shopping, schools, parks, and Downtown Los Angeles employment centers. Property Highlights: One unit leased at $3,500/month Second unit delivered vacant Beautifully remodeled throughout Approximately 2,576 sq. ft. 3 Bedrooms | 2.5 Bathrooms per unit Private yard Washer/Dryer hookups Balcony Dual-pane windows Minutes to Downtown Los Angeles Excellent opportunity for owner-occupants and investors alike. Buyer to verify all information, including square footage, permits, rental income, and zoning, to their own satisfaction.

702 S Soto, Los Angeles

$3,500,000
30 Beds 30 Baths 26855479 MLS Active Status
Major price reduction! Seller is motivated-bring all offers! Historic Mixed-Use Gem in Boyle Heights. Welcome to The Vinograd, a reimagined 1920s hotel turned character-filled mixed-use building in the heart of Boyle Heights, just east of Downtown LA. This 30-unit property includes 27 residential studios, one 1 bedroom & one 2 bedroom, and 3 street-facing commercial spaces with prime Cesar Chavez Avenue frontage. Select residential units come fully furnished, giving a mix of classic charm and updated finishes. The commercial spaces are ideal for retail or creative office use, benefiting from high visibility, steady foot traffic, and built-in residential clientele. Set in a culturally rich neighborhood near Mariachi Plaza, the Arts District, and local favorites like Guisados, The Vinograd offers strong connectivity via Metro E Line and nearby public transit. A rare blend of history, community, and opportunity. Current GRM is an incredible 7.7 GRM with a cap rate of 8.1%.

2107 E Cesar E Chavez Avenue, Los Angeles

$750,000
DW26147195 MLS Active Under Contract Status
Attention Buyers Check out these 2 units 2 separate houses(They are not attached). First is a 3 bedroom 1.5 bathroom and the second unit is 1 bedroom 1 bathroom. It is a great investor opportunity in the beautiful city of Boyle Heights. Detached duplex offering strong upside potential, in one of northeast LA's most desirable neighborhoods. Ideal for investors or owner occupants, live in one unit and rent the other to generate residual income while building equity. Located near popular highland park hot spots, Major freeways and local amenities. It is perfect for a profitable flip or a property to keep for long term rental hold. Units like these are hard to come by. Opportunities in this area are limited!. All types of Financing are accepted and available for the property.

3716 Flora Avenue, Los Angeles

$1,499,999
IG26147036 MLS Active Status
Exceptional corner-lot investment opportunity in the heart of Boyle Heights! This versatile property features a spacious two-story 5-bedroom, 2-bath single-family residence plus three additional 2-bedroom, 1-bath units, making it ideal for owner-occupants, multi-generational living, or investors. The main home offers a remodeled kitchen, generous living and dining areas, a large family room, updated flooring, dual-pane windows, central heating and air conditioning, a laundry room, newer roof, and updated copper plumbing. Each of the three additional units is separately metered for gas and electricity, providing excellent rental flexibility. The property also includes valuable on-site parking and two detached one-car garages. Conveniently located just minutes from Downtown Los Angeles, the Arts District, USC Health Sciences Campus, East Los Angeles College, the 6th Street Bridge, and major freeways including the 5, 10, 60, and 101. A rare opportunity to own a well-maintained multi-unit property in one of Los Angeles' most dynamic and rapidly evolving neighborhoods.

719 Camulos, Los Angeles

$899,888
DW26144759 MLS Active Status
Prime Development Opportunity | RTI Plans Approved for Four Luxury Units | 4623 E 4th Street, Los Angeles, CA 90022 An exceptional investment opportunity in the heart of East Los Angeles! This property comes with approved plans for the construction of four modern, three-story residential units, each thoughtfully designed with 5 bedrooms and 5 bathrooms—an ideal layout for today's strong rental demand. Skip the lengthy entitlement process and move directly toward construction with plans already approved, allowing investors and developers to accelerate their timeline. Once completed, the project is designed to offer approximately 20 bedrooms and 20 bathrooms across four spacious residences, making it an outstanding addition to any investment portfolio. Based on the proposed unit configuration and current market conditions, the completed project has the potential to generate approximately $20,000 per month in gross rental income, though buyers should conduct their own due diligence to verify rental projections and operating assumptions. Located just minutes from Downtown Los Angeles with convenient access to major freeways, schools, shopping, restaurants, and public transportation, this is a rare opportunity to develop a high-demand rental asset in one of East Los Angeles' most established neighborhoods. Highlights: Approved plans for 4 residential units Three-story building design Each unit features 5 bedrooms & 5 bathrooms Excellent income-producing potential Prime East Los Angeles location with strong rental demand Buyer to verify all permits, plans, square footage, rental income projections, and development potential with the appropriate agencies and professionals.

4623 E 4th, Los Angeles

$850,000
DW26137002 MLS Active Status
Excellent investment opportunity in the heart of Boyle Heights! This well-maintained triplex features three spacious 2-bedroom, 1-bathroom units situated across two buildings on a 7,494 sq. ft. lot, offering strong rental income potential and long-term investment value. Two of the three units have been thoughtfully updated with modern finishes, including remodeled kitchens and bathrooms, updated cabinetry, stylish tile work, luxury vinyl plank flooring, contemporary lighting, and dual-pane windows. The renovated bathrooms feature custom tile showers, newer vanities, and designer fixtures, while the updated interiors provide a clean, modern feel throughout. The property offers a large concrete driveway with ample off-street parking, gated access, and a fenced front yard that enhances privacy and curb appeal. Each unit is separately metered for gas and electricity, allowing tenants to pay their own utilities, while the owner currently pays for water. The property is serviced by three water heaters, including one recently replaced. Conveniently located near Downtown Los Angeles, major freeways, public transportation, schools, shopping, dining, and local parks, this property presents an excellent opportunity for investors seeking a well-maintained income-producing asset in a high-demand rental market.

3411 E 2nd St, Los Angeles

$998,000
3 Beds 1 Baths 26855209 MLS Active Status
CALLING ALL DEVELOPERS, BUILDERS & VISIONARY INVESTORS! Rare opportunity to secure an expansive 11,104 SF lot zoned LARD1.5 a developer's dream canvas in a high-demand location! This is a probate with no court confirmation. Whether you're planning a multi-unit project (buyer to verify development potential with the City of LA), a value-add reposition, or a long-term land bank play, this is the one you've been waiting for. The existing structure is a total fixer bring your contractor, your architect, and your imagination. Property is tenant occupied; tenants to remain in place after close of escrow, offering immediate rental income while you plan your project. DRIVE BY ONLY please do not disturb tenants; no sign on property. Sold AS-IS, WHERE-IS. Opportunities with this lot size and zoning don't come around often run your numbers. Bring all offers!

2734 Lanfranco Street, Los Angeles

$710,000
CV26143356 MLS Active Status
Fantastic 2 unit property in Up-And-Coming Boyle Heights, which is conveniently located with very close proximity to downtown Los Angeles (DTLA), shopping, schools, restaurants and easy access to most major freeways-60, 5, 101, 10. There are 2 addresses, 2731 is a 1 bedroom, 1 bath unit located on the left side. 2733 is a 3 bedroom, 1 bath 2 story unit located on the right side. Unit 2731 has been completely remodeled including new kitchen cabinets, granite counter tops, tile flooring. New bathroom tub, tile, vanity and tile floor. New laminate flooring throughout. New vinyl dual pane windows, new paint. The front porch/deck has been replaced. The 3 bedroom unit 2733 bathroom has been remodeled, some upgrades to walls, paint and flooring were done. Lot goes from street to street. Front is accessed from Wabash, rear and driveway are accessed from Dobinson. This is a great investment opportunity, as both units are rented on month to month agreements.

2731 Wabash Avenue, Los Angeles

$750,000
IG26140226 MLS Active Under Contract Status
Welcome to Fetterly Ave! Exceptional investment opportunity! This well-maintained triplex offers three income-producing units on a generous 8,002 sq. ft. lot, presenting an ideal addition to any investment portfolio or an excellent opportunity for an owner-occupant looking to offset their mortgage with rental income. Consisting of 3 units in SOLID CONDITION, FRONT UNIT IS 2 BEDROOM & 2 BATHS, BACK UNITS ARE 2 BEDROOMS 1 BATHROOM EACH AND A GARAGE IN BETWEEN! this property blends timeless pride of ownership character with outstanding income potential. The spacious lot provides ample outdoor space and future possibilities (buyer to verify), while the desirable location places residents just minutes from popular shopping centers, restaurants, schools, parks, and convenient commuter routes. Whether you're a seasoned investor seeking stable cash flow or looking to expand your real estate portfolio, this versatile property offers tremendous upside in a highly convenient location. Don't miss this rare opportunity to own a multi-unit property with strong long-term potential!

538 S Fetterly Avenue, Los Angeles

$725,000
TR26142229 MLS Active Status
Attention Investors and Cash Buyers! Fixer opportunity, income producing Duplex in Boyle Heights area of Los Angeles. Minutes away from DTLA, Arts District, Cal State, LA USC Keck Medical, Adventist Health and White Memorial Hospital. Quiet residential street, walking distance to local park, church and schools. All close to the heart of LA with views of Dodger Stadium. Duplex is 2 bedroom 1 bath each unit. Newer roof. Property is being sold in its present "As-Is" condition. Seller will not make any repairs. Buyer to verify all information, including permits, square footage, lot size, zoning and condition. Seller is motivated and seeking a smooth, quick closing. Bring all offers! Contact listing agent for showing appointment.

1411 Mitchell Place, Los Angeles

$725,000
4 Beds 2 Baths TR26140261 MLS Active Status
Attention Investors and Cash Buyers! Fixer opportunity, income producing Duplex in Boyle Heights area of Los Angeles. Minutes away from DTLA, Arts District, Cal State, LA USC Keck Medical, Adventist Health and White Memorial Hospital. Quiet residential street, walking distance to local park, church and schools. All close to the heart of LA with views of Dodger Stadium. Duplex is 2 bedroom 1 bath each unit. Newer roof. Property is being sold in its present "As-Is" condition. Seller will not make any repairs. Buyer to verify all information, including permits, square footage, lot size, zoning and condition. Seller is motivated and seeking a smooth, quick closing. Bring all offers! Contact listing agent for showing appointment.

1411 Mitchell Place, Los Angeles

$790,000
DW26139768 MLS Active Status
Don't miss this exceptional opportunity to own a versatile mixed-use property in the heart of East Los Angeles, offering tremendous upside potential for investors, developers, and owner users . Run your business and enjoy the comfort of living onsite. perfect for entrepreneurs seeking a live, work lifestyle. Originally built in 1907, this unique property offers approximately 3,306 square feet of combined building area and presents the opportunity to restore its original configuration of three residential units and two street-front retail spaces (buyer to verify with the City of Los Angeles). This flexible layout creates significant income-producing potential in a rapidly improving neighborhood. Property currently feature one extra large store front and 1 Bedroom 1 bath apartment on the second floor The property is located just one building away from a newly developed 66-unit residential project, bringing additional residents, increased foot traffic, and new business opportunities to the area. As the neighborhood continues to grow, the potential for increased property values and stronger rental income makes this an outstanding long-term investment. High visibility location with strong vehicle traffic. Just minutes from Downtown Los Angeles, close access to 5,10,60 and 101 fwy.

3583 E 1st, Los Angeles

$800,000
CV26139254 MLS Active Status
GREAT MIX-USE COMBO IN THE HEART OF "BOYLE HEIGHTS" NEIGHBORHOOD IN LOS ANGELES BETWEEN BROKLYN HEIGHTS & BOSTON HEIGHTS ... TWO DETACHED BUILDINGS approximately 1,965 Square Feet total ... LIVE IN THE REAR Three-Bedroom, One Bathroom Unit gated with a private driveway, parking possibly 3-4 cars (Currently Tenant Occupied) and your very own Business in the Front Unit (Currently a Bakery) Both units are MONTH-TO-MONTH. PROPERTY IS ZONED "LAC2" County Land/Universal use Stores & Residential. CHARACTERICS OF THE PROPERTY; Bakery/Store with 950 Sqft. (Includes all equipment and machinery providing turnkey business. The Rear Residential Unit with 1,015 Sqft of Living Space with a LOT SIZE OF 5,200 Sqft. YEAR BUILT 1924. Permitted uses: Residential, commercial, industrial, or agricultural activities allowed on the property. Its proximity to major highways (I-5, I-10, and US-101) and public transportation.

3040 Wabash Avenue, Los Angeles

$599,900
3 Beds 2 Baths RS26138731 MLS Active Status
Investor Opportunity in Boyle Heights! Bring your vision to this value-add single-family residence featuring 3 bedrooms, 2 bathrooms, approximately 896 square feet of living space on a 5,000 square foot LAR2-zoned lot. Built in 1923, this property presents an excellent opportunity for investors, contractors, and cash buyers seeking their next renovation project. The property is being sold strictly As-Is, with no repairs or credits to be provided by the seller. Cash offers are preferred with a 14-day escrow. Proof of funds is required, and offers with no contingencies are strongly preferred. Buyers are advised to conduct their own investigations regarding the property's condition, zoning, permits, occupancy, and any future development potential. Conveniently located in the heart of Boyle Heights with easy access to Downtown Los Angeles, the 5, 10, and 60 Freeways, shopping, schools, parks, and public transportation, this is an outstanding opportunity to acquire a property with significant upside in a highly sought-after location.

1172 Mirasol Street, Los Angeles

$660,000
WS26133808 MLS Active Status
Excellent opportunity to own a duplex in Boyle Heights featuring approximately 1,510 sq. ft. of living space on a flat lot surrounded by commercial properties. This tenant-occupied property features two separate living units with individual addresses. The front unit (4227) features 1 bedroom and 1 bathroom, while the rear unit (4229) also features 1 bedroom and 1 bathroom. The property is located in a commercial zoning district (LCC3) and may offer future development possibilities.The detached garage may provide potential ADU conversion opportunities. Electrical panels and wiring were updated in 2023. Individually metered for gas and electricity. Conveniently located near major streets, shopping, dining, and transportation.

4227 E Cesar E Chavez, Los Angeles

$990,000
9 Beds 3 Baths 26850257 MLS Active Status
Exceptional investment opportunity in a prime location with easy access to the 60 freeway and DTLA. 3445 E. 4th Street is a well-maintained triplex offering the perfect blend of immediate cash flow and upside potential. Two of the three units are currently leased, providing stable rental income from day one, while the third unit has been recently remodeled and is vacant -- ideal for an owner-user or an investor looking to maximize returns by leasing at current market rents. The property's unique layout enhances its appeal, with the rear unit situated well behind the front duplex and featuring its own private yard space. This separation creates a more private living environment and highlights the property's strong owner-user potential, whether occupying the vacant unit today or planning for future occupancy. Whether you're looking to offset your mortgage by living in one unit or add a strong-performing asset to your portfolio, this property offers flexibility and value. With a remodeled vacant unit, existing rental income, and future rent growth potential, 3445 E. 4th Street presents a rare opportunity for both investors and owner-occupants alike.

3445 E 4th Street, Los Angeles

$990,000
9 Beds 3 Baths 26850041 MLS Active Status
Exceptional investment opportunity in a prime location with easy access to the 60 freeway and DTLA. 3445 E. 4th Street is a well-maintained triplex offering the perfect blend of immediate cash flow and upside potential. Two of the three units are currently leased, providing stable rental income from day one, while the third unit has been recently remodeled and is vacant -- ideal for an owner-user or an investor looking to maximize returns by leasing at current market rents. The property's unique layout enhances its appeal, with the rear unit situated well behind the front duplex and featuring its own private yard space. This separation creates a more private living environment and highlights the property's strong owner-user potential, whether occupying the vacant unit today or planning for future occupancy. Whether you're looking to offset your mortgage by living in one unit or add a strong-performing asset to your portfolio, this property offers flexibility and value. With a remodeled vacant unit, existing rental income, and future rent growth potential, 3445 E. 4th Street presents a rare opportunity for both investors and owner-occupants alike.

3445 E 4th Street, Los Angeles

$1,299,000
6 Beds 8 Baths SR26134391 MLS Active Status
House Hack or Investment Opportunity! Live in one unit and rent out the other two. Freshly renovated income property offering modern upgrades and strong rental potential. The front building features two spacious units, each approximately 1,400 sq ft with 2 bedrooms and 2.5 bathrooms. The downstairs unit is currently leased at $3,500 per month, while the upstairs unit is vacant, making it ideal for an owner-occupant or ready for immediate rental. At the rear of the property is a detached ADU (approx. 810 sq ft) featuring 2 bedrooms, 2 bathrooms, and vaulted ceilings, currently leased for $2,900 per month. Each unit has been thoughtfully updated, including one detached newly built ground-up ADU, with open layouts, contemporary finishes, and abundant natural light. Updated kitchens feature modern cabinetry, quality countertops, and newer appliances. Bedrooms are well-sized, and bathrooms have been remodeled with clean, modern fixtures. Several units also offer private outdoor space. With three income-producing units and a potential cap rate of approximately 7%, the property offers immediate rental income with long-term upside. Located in a rapidly evolving Los Angeles neighborhood, the property provides convenient access to dining, shopping, and entertainment, making it attractive to both tenants and investors. A strong opportunity for owner-occupants, investors, or those looking to expand their portfolio with a turnkey triplex.

357 Cornwell, Los Angeles

$1,299,000
SR26134411 MLS Active Status
House Hack or Investment Opportunity! Live in one unit and rent out the other two. Freshly renovated income property offering modern upgrades and strong rental potential. The front building features two spacious units, each approximately 1,400 sq ft with 2 bedrooms and 2.5 bathrooms. The downstairs unit is currently leased at $3,500 per month, while the upstairs unit is vacant, making it ideal for an owner-occupant or ready for immediate rental. At the rear of the property is a detached ADU (approx. 810 sq ft) featuring 2 bedrooms, 2 bathrooms, and vaulted ceilings, currently leased for $2,900 per month. Each unit has been thoughtfully updated, including one newly built ground-up unit, with open layouts, contemporary finishes, and abundant natural light. Updated kitchens feature modern cabinetry, quality countertops, and newer appliances. Bedrooms are well-sized, and bathrooms have been remodeled with clean, modern fixtures. Several units also offer private outdoor space. With three income-producing units and a potential cap rate of approximately 7%, the property offers immediate rental income with long-term upside. Located in a rapidly evolving Los Angeles neighborhood, the property provides convenient access to dining, shopping, and entertainment, making it attractive to both tenants and investors. A strong opportunity for owner-occupants, investors, or those looking to expand their portfolio with a turnkey triplex.

357 Cornwell, Los Angeles

$995,000
10 Beds 5 Baths 26849701 MLS Active Status
We are pleased to present 505 S. Chicago Street, a five (5) unit multifamily investment opportunity in the heart of Boyle Heights. Comprised of two separate two-story structures, this wood-frame and stucco building sits on a raised foundation and offers 4,902 SF of living space on a 7,500 SF lot. Originally built in 1905, the property has been reinforced and upgraded to comply with the latest city codes and regulations, giving a new owner a well-maintained asset with lasting character. The building features a strong unit mix of three 2-bed / 1.5-bath units and two 2-bed / 1-bath units, all with spacious floor plans. The property is 100% occupied and subject to the City of Los Angeles Rent Stabilization Ordinance. Additional features include five on-site parking spaces and individual gas and electric metering, keeping operating costs low for ownership. Current gross income is $7,642 per month, priced at a 7.0% cap rate and 10.8x GRM, with approximately 50% upside in potential rents. With its prime location, attractive local amenities, and significant room to grow rental income, this is a rare opportunity to acquire a premier, income-producing asset in one of LA's most dynamic and appreciating submarkets.

505 S Chicago Street, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.