A rare-find income property full of potential in the progressive neighborhood of Boyle Heights! This centrally located SRO is an incredible opportunity for an investor to own a solid income producer. The building includes 30 individual rooms, 4 bathroom areas (total of 7 toilets, 6 showers, and 1 bathtub), a large kitchen, central AC, laundry room with hookups, and high-tech security system. As a bonus, there is a large backyard that can be transformed into an outdoor oasis. 25 units will be delivered vacant. Property is located in an Qualfitied Opportunity Zone. Ideally located, the property sits around the corner from Mariachi Square and the Gold Line metro station, Adventist Health Memorial Hospital, and all the shops of E. Chavez Avenue. DTLA and within easy reach by surface streets from the property as well as the 10, 5, and 110 freeways. Priced to sell at $2,995,000 the building has the potential to achieve an incredible GRM of 8.76 and Cap of 9 at market rents.
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