Description
TREMENDOUS UPSIDE for this 4 plex building with tons of rental growth potential along with rapid city development. There will be a new bridge that connects Boyle Heights to the Arts District and you can imagine all the change that will happen once that is completed. Google "Sixth Street Viaduct" for more information. This property is located across the street from Hollenbeck park. Excellent and desirable location. All units are approx 950 sq ft. The new owner can convert each unit into 2 bedrooms. There is a carport with 4 parking spots, one for each unit. Additionally, 4 cars can be parked behind it. One of the unit has been remodeled with a washer and dryer in the unit and collecting $1690 in rent. All other units can be remodeled to maximize income. Many upgrades have been done within the last few years including new roof, new electrical panel and partial plumbing was replaced. Separate meters for gas and electricity.
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4BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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3,884SQFT
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$270$/SQFT
School Ratings & Info
Description
TREMENDOUS UPSIDE for this 4 plex building with tons of rental growth potential along with rapid city development. There will be a new bridge that connects Boyle Heights to the Arts District and you can imagine all the change that will happen once that is completed. Google "Sixth Street Viaduct" for more information. This property is located across the street from Hollenbeck park. Excellent and desirable location. All units are approx 950 sq ft. The new owner can convert each unit into 2 bedrooms. There is a carport with 4 parking spots, one for each unit. Additionally, 4 cars can be parked behind it. One of the unit has been remodeled with a washer and dryer in the unit and collecting $1690 in rent. All other units can be remodeled to maximize income. Many upgrades have been done within the last few years including new roof, new electrical panel and partial plumbing was replaced. Separate meters for gas and electricity.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T12:42:43.773. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.