We are pleased to present NINE Single-Story Units in Rapidly Gentrifying Boyle Heights Area of Los Angeles. The property has an Attractive Unit Mix of Studios, 1 and 2 Bedroom Units. A Great Investment Opportunity that has Recent Capital Improvements which includes New Exterior Paint (and Wood-like Floors in Select Units). There are Minimal Landlord Expenses as All Units are Separately Metered for Gas & Electricity. This Income-Producing Investment yields a 4.93% Cap Rate on Current Rents & yet has Plenty of Room for Rental Upside Potential. Property is Centrally Located within a Few Minutes to Downtown Los Angeles, the Arts District, Little Tokyo and the USC Hospital. Tenants can appreciate living within close walking distance to the various busy retail corridors including East Cesar E Chavez Avenue and North Evergreen Street. This is a lovely corner lot property that is strategically located near the 5, 10 and 101 Freeways.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
