Situated in the rapidly gentrifying Boyle Heights neighborhood of Los Angeles, the property occupies a corner lot just blocks from the busy retail corridor along Cesar E Chavez Avenue, which features a Walgreens, La Monarca Bakery, and several restaurant options. Based on current rents and expenses, the offering boasts an attractive 6.00% CAP Rate for a new investor.Constructed between 1905 and 1925, the three buildings feature an excellent unit mix. Two of the buildings are large single-family homes*, while the eight-unit apartment building on the site includes a three-bedroom unit and seven one-bedroom units with dens. Combined, the rentable area totals 9,726 square feet spread among the 10 units. ***Seller May Carry Interest-Only Financing for Qualified Buyer Rare Opportunity for New Investor***Seller believes one single-family house has its bedrooms legally rented out individually. Buyer to conduct their own due diligence regarding this matter.***
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.
