$1,040,000
$1,100,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
2,890 SqFt
SOLD DATE : 06/28/2024
Key Details
Sold Price $1,040,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,890 sqft
Price per Sqft $359
MLS Listing ID 24380535
Sold Date 06/28/24
Bedrooms 7
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1927
Lot Size 7,453 Sqft
Property Description
We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site parking available. Built in 1927, 1050 S Bonnie Beach Place contains a incredible unit mix of two (2) two-bedroom / one and a half-bathroom units and one (1) three-bedroom / one and a half-bathroom unit. There is positive initial cash flow at a 7.26% cap rate on current numbers. Additionally, there is potential to convert the carports into multiple ADU unit(s). Built in 1973, 926 S Ford Boulevard contains a streamlined unit mix of three (3) two-bedroom / one and a half-bathroom units with a bonus den. There is potential to convert the carports into multiple ADU unit(s). Situated in an ideal East Los Angeles / Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire up to three (3) triplexes all within a few miles of each other.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR4YY
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered, Carport, Uncovered
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Porch Open, Patio
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped, Rectangular Lot
Story 2
Entry Level Multi/Split
Architectural Style Spanish
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5236007016
Security Features Gated Community
Special Listing Condition Standard
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Bought with Jason Tuvia • Marcus & Millichap