Here's a fantastic opportunity to purchase an existing cash-producing fourplex with plans for an architecturally significant second building on the 8800+ sq. ft. lot. Prime fourplex including previously approved plans for the construction of five additional units in vibrant Boyle Heights. A stone's throw from the iconic 6th street bridge, DTLA Arts District, Hollenbeck Park, public transit, freeways, and local cultural monuments. Existing building is currently a mix of two 2-bedroom units and two 1-bedroom units totalling 3200 interior sq. ft. Plans for the new building include five 1-bedroom units, one being earmarked as a low-income qualifying unit. Separate gas & electric meters for each unit with one main water meter for the existing building. Take advantage of this growing market already in demand with continued growth, making this an ideal investment opportunity.
| MLS # | 25631433 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1916 |
| Days On Site | 239 |
| Listing Provided By | Berkshire Hathaway HomeServices California Properties | Armen Sarkissian |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,200 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.20 |
| Property View | None |
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Security Features | Carbon Monoxide Detectors, Gated Community |
|---|
| Parking Features | On Street |
|---|
| Sewer | Sewer Tap Paid |
|---|
| Community Features | Gated |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90023 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90023) | |
Price: $969,000 low | high Med: $1,100,000 sqft: 3,200 low | high Med: 2,256 $ / sqft: $303 low | high Med: $488 On site: 239 low | high Med: 159 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90023 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90023) | |
Price: $969,000 low | high Med: $1,100,000 sqft: 3,200 low | high Med: 2,256 $ / sqft: $303 low | high Med: $488 On site: 239 low | high Med: 159 | |