A large vacant value-add commercial space in East Los Angeles. Built in 1942, this 1,139 sqft property includes (1) commercial space with a large courtyard and 1 on-site parking garage for 2 cars. Year-One 6.68% Cap Rate & 10.42 GRM! The property is in the ideal location just east of Boyle Heights and minutes to DTLA. This is an amazing opportunity to either renovate the building and rent it out or sell once stabilized. This property is part of a portfolio where you can buy 6 additional properties on the same block.
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