Major fixer duplex redevelopment opportunity in East Los Angeles, Boyle Heights adjacent, near Downtown Los Angeles, on a 7,280 sq ft LCR2-zoned lot with alley access and delivered vacant at close of escrow. This is a true value add play for investors seeking redevelopment, reconfiguration, or ADU potential in a… Read More high-demand infill market with strong rental fundamentals. The property includes a 1922 front home and a 1962 rear unit, creating a flexible footprint for renovation, repositioning, or future income growth, subject to buyer verification. Rear unit is vacant and front unit will be delivered vacant at close of escrow, giving immediate access for construction or redevelopment. Convenient access to the 5, 10, 60, and 710 freeways and close proximity to Downtown Los Angeles, making this a strong value add play for investors looking to capitalize on location, lot size, zoning, and long-term upside. Read Less
Property listed by Berkshire Hathaway Home Servic, Sonia Navarrete 626-440-5100
Listing Snapshot
Days Online
72
Last Updated
Property Type
Duplex
Lot Size
0.17 Acres
Year Built
1922
MLS Number
P1-26010
Additional Details
Appliances & Equipment
GasRange
Building
Built in 1922, 2 buildings, Levels: One
Community
StormDrains, StreetLights, Sidewalks
Cooling
None
Expenses
Operating: $23,940
Fence
Block, ChainLink
Fireplaces
None
Floors
Laminate, Tile
Garage
1 spaces
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $72,000, Net Operating Income: $44,460
Interior Features
AllBedroomsDown
Laundry
GasDryerHookup
Lot
0.1671 acres, SprinklersNone
Parking
3 total parking spaces
Pool
None
Roof
Composition
Sewer
PublicSewer
Taxes
Parcel Number: 5231019017, Lot: 9,10
Utilities
Water Source: Public, 2 separate electric meters, 2 separate gas meters, 2 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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