CA > Los Angeles
Los Angeles, CA 90033,1230 N Evergreen AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,995,000
Est. payment /mo
9,295 Sqft Lot
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UPDATED:

11/21/2024 09:01 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24465973

HOA Y/N No

Year Built 1948

Lot Size 9,295 Sqft

Property Description

Outstanding investment opportunity in the heart of Boyle Heights! This well-maintained 8-unit apartment building, built in 1948, boasts strong current income and significant value-add potential. All 2-bedroom, 1-bathroom units average 754 SF with potential to increase income to market rent. Additionally, a feasibility study and preliminary architectural plans for 2 additional ADU's have been performed, allowing for a total of 10 units. These are new construction units proposed to be ADUs over the parking area and simultaneously satisfy retrofit requirements. Perched on a 9,293 SF lot, this property enjoys hillside views, extensive parking provided by 22 spaces, and a strategic location ideal for families. This property is a rare opportunity to capitalize on the strong Boyle Heights rental market and achieve robust long-term returns.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAR2

Interior

Fireplace No

Exterior

Community Features Gated

Total Parking Spaces 22

Others

Tax ID 5229003012

Security Features Gated Community

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sagiv Rosano • Rosano Partners

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