$1,060,000
$1,200,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
5 Baths
2,808 SqFt
SOLD DATE : 08/01/2024
Key Details
Sold Price $1,060,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $377
MLS Listing ID 24380539
Sold Date 08/01/24
Bedrooms 6
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1973
Lot Size 5,458 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 LCP*
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Appliance Refrigerator
Exterior
Garage Covered, Detached Carport, Uncovered
Pool None
Community Features Gated
Porch Open, Patio
Parking Type Covered, Detached Carport, Uncovered
Attached Garage No
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped, Rectangular Lot
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5246005028
Security Features Gated Community
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with MAURICIO SANCHEZ • RE/MAX MASTERS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "