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2128 Michigan, Los Angeles
$640,000
MB26216940 MLS ⋅ Active Status
Great investment opportunity with this duplex offering flexibility for both investors and owner-occupants! Each unit is a roomy 2 bedroom and 1 bath. The front unit is in good condition and will be delivered vacant at the close of escrow, providing the new owner the opportunity to move in and update to their taste, or lease at current market rent. The rear unit is tenant-occupied and will be delivered with the existing tenant in place. The unit is in need of repairs and updating, offering and excellent value-add opportunity for investors looking to improve the property over time. With two separate units both with brand new roofs and plenty of potential, the opportunity is ideal for a buyer looking to build equity, generate rental income or create a long term investment.The property is being sold in its as is present condition, tenancy and all other aspects of the property.

2128 Michigan, Los Angeles

1601 Pennsylvania Avenue, Los Angeles
$899,000
SR26215112 MLS ⋅ Active Status
DELIVERED VACANT AT CLOSE—LIVE IN THE FRONT AND EXPLORE RENTAL INCOME POTENTIAL IN THE BACK! Situated on a corner lot in Boyle Heights, 1601 Pennsylvania Avenue presents an exciting opportunity for owner-occupants and value-add investors. Move into the 3 bed + 2 bath front house and explore how rental income from the two rear 1+1 accommodation could help offset your mortgage and ownership expenses. Reported as a duplex, the property features a front residence and a rear residential building on an approximately 6,300-square-foot lot with 2004 livable square foot. Vacant delivery gives buyers flexibility to plan improvements, personalize their home, and pursue a rental strategy without taking over existing tenancies. The rear unit has been divided into two separate living spaces without permits, offering buyers an opportunity to investigate legalization or reconfiguration, subject to City approval. A detached garage with existing plumbing provides another possibility for a future ADU conversion, subject to applicable requirements and permits. Whether you’re seeking a primary residence with supplemental income potential or an investment with room for improvement, this property offers a compelling starting point. Bring your vision, your contractor, and your plans to build long-term equity! Property will be delivered vacant at close of escrow. Represented as a duplex, not a permitted triplex. Buyer to independently verify square footage, permitted unit count, zoning, lawful rental use, and feasibility of legalization or ADU conversion. Additional units and rental income are not guaranteed; rent may not cover the mortgage or ownership expenses.

1601 Pennsylvania Avenue, Los Angeles

1029 Lord Street, Los Angeles
$1,200,000
BB26216405 MLS ⋅ Active Status
1029 Lord Street is a 2024-built single-family residence + attached ADU offering strong in-place income, modern construction, and exceptional flexibility just east of Downtown Los Angeles. The property features a 4-bedroom / 3-bath main residence and 3-bedroom / 2-bath ADU, totaling approximately 2,539 square feet. The main residence currently operates as a successful short-term rental, historically generating approximately $5,500–$6,500 per month with less than 9% vacancy and is fully booked for the next three months, while the ADU is currently leased for $2,780 per month. Offering multiple ownership strategies, a buyer can continue the existing short-term rental operation, transition the main residence to a traditional long-term rental, or potentially take delivery vacant for owner occupancy while retaining income from the ADU. This versatility creates an attractive opportunity for investors seeking immediate cash flow as well as owner-users looking to offset their housing costs with rental income. The property is thoughtfully designed with modern finishes, stainless steel appliances, central air and heat, in-unit laundry, two parking spaces, and separately metered utilities, providing the benefits and ease of newer construction. Ideally situated in L.A.’s Central Eastside, 1029 Lord offers convenient access to the DTLA Arts District, Downtown Los Angeles, Echo Park, Silver Lake and surrounding employment and entertainment hubs. With established income, newer construction, and multiple potential rental strategies, 1029 Lord offers a rare level of flexibility for its next owner.

1029 Lord Street, Los Angeles

1307 Pleasant, Los Angeles
$899,999
3 Beds ⋅ 2 Baths ⋅ DW26215446 MLS ⋅ Active Status
Rare value-add opportunity in Boyle Heights. This former single-family home has been legally converted to a duplex and is in the advanced stages of a complete, permitted rebuild, including a new foundation, new roof, new plumbing, and fully rewired electrical. The duplex features a 2-bedroom, 1-bath unit of approximately 765 sq ft and a 1-bedroom, 1-bath unit of approximately 558 sq ft. Exterior stucco scratch and brown coats are complete, interior drywall is installed throughout, and both bathrooms are finished, leaving the buyer to complete the final finishes. Additional upside: plans have been drawn for two new ADUs of approximately 700 sq ft each, creating a path to a 4-unit property. The projected as-completed value is approximately $2,000,000. Ideal for investors, builders, or owner-users seeking to finish a nearly complete project and capture significant equity. Close to Downtown LA, USC Health Sciences Campus, the Metro, and major freeways. Buyer to verify all square footage, permits, plans, and values.

1307 Pleasant, Los Angeles

1307 Pleasant, Los Angeles
$899,999
DW26215439 MLS ⋅ Active Status
Rare value-add opportunity in Boyle Heights. This former single-family home has been legally converted to a duplex and is in the advanced stages of a complete, permitted rebuild, including a new foundation, new roof, new plumbing, and fully rewired electrical. The duplex features a 2-bedroom, 1-bath unit of approximately 765 sq ft and a 1-bedroom, 1-bath unit of approximately 558 sq ft. Exterior stucco scratch and brown coats are complete, interior drywall is installed throughout, and both bathrooms are finished, leaving the buyer to complete the final finishes. Additional upside: plans have been drawn for two new ADUs of approximately 700 sq ft each, creating a path to a 4-unit property. The projected as-completed value is approximately $2,000,000. Ideal for investors, builders, or owner-users seeking to finish a nearly complete project and capture significant equity. Close to Downtown LA, USC Health Sciences Campus, the Metro, and major freeways. Buyer to verify all square footage, permits, plans, and values.

1307 Pleasant, Los Angeles

545 S Indiana, Los Angeles
$625,000
3 Beds ⋅ 1 Baths ⋅ SW26214291 MLS ⋅ Active Status
Rare opportunity to acquire two adjacent commercial properties being sold together or separately, each situated on separate parcels with individual APNs, offering flexibility and multiple use options. Combo sale pricing offered. 541 S Indiana St is currently operating as a restaurant, while 545 S Indiana St is utilized as residential/office space, creating a unique mixed-use investment with diversified income potential. Properties are owned by the same seller and present an ideal opportunity for an investor or owner-user seeking two buildings on two lots in a centrally located East Los Angeles corridor. Potential for continued use, repositioning, or value-add (buyer to verify zoning and permitted uses). Prime location with convenient access to major streets, surrounding residential neighborhoods, and local businesses. Strong opportunity for long-term growth and income in a high-demand area. youtube.com/watch?v=CTq8X8wKCRA&feature=youtu.be

545 S Indiana, Los Angeles

3047 Lanfranco, Los Angeles
$849,500
CV26213162 MLS ⋅ Active Status
Rare opportunity to own two separate homes on one lot in Los Angeles! Offering approximately 2,482 sq. ft. of combined living space on an approximately 7,024 sq. ft. lot, this property provides an excellent setup for multi-generational living, extended family, or buyers looking for flexibility and additional income potential. The front home features 3 bedrooms and 2 bathroom, 2nd restroom unpermitted, while the back home offers 4 bedrooms and 2 bathrooms, for a combined total of 7 bedrooms and 4 bathrooms. With two separate residences, each household can enjoy its own living space while remaining conveniently located on the same property. The spacious driveway provides parking for up to six vehicles, offering plenty of convenient off-street parking. Both homes will be delivered vacant at close of escrow, giving the new owner the opportunity to occupy both residences immediately, live in one and rent the other. Conveniently located near major Los Angeles freeways, shopping, dining, schools, and Downtown Los Angeles. Two homes, one lot, and endless possibilities — a unique opportunity you don't want to miss!

3047 Lanfranco, Los Angeles

2019 City View, Los Angeles
$800,000
CV26210517 MLS ⋅ Active Status
Turnkey 4 unit in the heart of Boyle Heights, minutes from Downtown LA and steps from everything East LA has to offer. 100% occupied and cash flowing from day one, with easy 10 Freeway access and less than a mile to the Metro L Line at Soto Station. The original 1923 duplex sits up front (2019: 1BD/1BA, 2021: 2BD/1BA), both fully remodeled with new flooring, paint, kitchens and bathrooms, move-in ready. Behind it, two permitted studio ADUs constructed in 2024 with a valid Certificate of Occupancy on file (issued 9/17/24). ADU's are completely turnkey with new cabinets, countertops, flooring, bathrooms, and each one running its own split-system HVAC. Every unit is individually metered for electric. Prime location near White Memorial, LAC+USC, and Keck Hospital of USC makes this a strong hold for tenant demand tied to the area's massive healthcare and university employment base.

2019 City View, Los Angeles

1233 N Evergreen Avenue, Los Angeles
$650,000
4 Beds ⋅ 1 Baths ⋅ 26991769 MLS ⋅ Active Status
INVESTORS!!! Boyle Heights Opportunity! Nestled in a central and highly convenient location, this contemporary 4-bedroom, 1-bathroom single-family home is bursting with potential. Zoned R2-1, the property features classic hardwood floors and includes a 2-car detached garage. While it needs some TLC, it represents an incredible opportunity for investors or buyers looking to customize their dream home. Enjoy seamless commuting with quick access to the 5, 10, 60, 710, and 101 freeways. You are just a short distance from downtown Los Angeles, Monterey Park, Alhambra, Pasadena, and South Pasadena. The home is also situated near top-tier institutions, including the USC Keck Clinic/LA General Medical Center, USC, and ELAC, as well as an abundance of local restaurants, shops, and public transportation. There is a detached large bonus room in the back yard. Potential to convert into an ADU; Buyer to verify. Needs TLC. Motivated Seller

1233 N Evergreen Avenue, Los Angeles

1127 Calzona, Los Angeles
$730,000
DW26201601 MLS ⋅ Active Status
Excellent income-producing opportunity in the heart of Los Angeles! This multi-unit property features three (3) separate residences, each offering 1 bedroom and 1 bathroom, ideal for an investor seeking a turnkey portfolio addition or an owner-user looking to offset their mortgage. Conveniently located near local shopping, dining, schools, and major freeway access points, this property offers easy connectivity to Downtown LA and surrounding communities. A fantastic opportunity to add a solid multi-unit asset to your investment portfolio in a centrally located, high-demand area of Los Angeles. Buyer to verify all information, including but not limited to square footage, unit configurations, permits, and zoning, to their full satisfaction.

1127 Calzona, Los Angeles

304 S Lorena Street, Los Angeles
$885,000
PW26204337 MLS ⋅ Active Under Contract Status
Rare Find! Two Fully Remodeled Units on a Spacious Corner Lot in Los Angeles! Don’t miss the opportunity to own two beautifully remodeled units on an oversized lot with incredible potential and privacy. The front unit showcases a thoughtfully designed open floor plan with 2 bedrooms, 2 bathrooms. One bedroom features an en-suite bathroom, while the other two bedrooms share a Jack-and-Jill bath. . The kitchen, dining, and living areas flow seamlessly together, featuring recessed lighting, fresh interior paint, dual-pane windows, new SPC water-resistant flooring, and ceiling fans in every room. The brand-new kitchen includes modern countertops, soft-close drawers, a new dishwasher, and a microwave. The second unit is a private 1-bedroom, 1-bathroom home with upgrades throughout, including a remodeled kitchen and bathroom, fresh interior paint, SPC flooring, dual-pane windows, new ceiling fans and recessed lighting—ideal for extended family or rental income. The property sits on a large corner lot offering a long driveway, and a separate backyard. In the outside you have artificial turf, and cement areas, ideal for low-maintenance. Conveniently located near freeways, schools, shopping, dining, and all that Los Angeles entertainment has to offer—this property is perfect for investors or multi-generational living.

304 S Lorena Street, Los Angeles

422 N Mott Street, Los Angeles
$675,000
DW26204798 MLS ⋅ Active Status
Opportunity awaits with this Los Angeles duplex offering flexibility for both investors and owner-occupants. Unit 420 is vacant and ready for its next occupant, providing an excellent opportunity to live in one unit while generating income from the other, or to add to an investment portfolio. The property features spacious interiors with abundant natural light, generously sized living areas, kitchens, bathrooms, and charming architectural details throughout. One unit features updated flooring in portions of the living space, while the vacant unit offers an opportunity for improvements and personalization. The property also includes gated entry, outdoor space, and a rear yard/patio area. Conveniently located near major streets, shopping, schools, public transportation, and easy access to Downtown Los Angeles. Property is being sold in its present condition. A great value-add opportunity with income potential in an established Los Angeles neighborhood.

422 N Mott Street, Los Angeles

2410 Alcazar Street, Los Angeles
$539,998
3 Beds ⋅ 2 Baths ⋅ SR26197522 MLS ⋅ Active Under Contract Status
There are moments in life when a door opens—and everything on the other side feels possible. Buying a home is one of those moments. Welcome to 2410 Alcazar Street, a unique and versatile property in Boston Heights, a vibrant Los Angeles community rich in culture, history, character, and an unmistakable sense of neighborhood. Offering a combined 3 bedrooms and 2 bathrooms with over 900 square feet of total space, this property is filled with possibilities and has been thoughtfully refreshed to give its next owner a wonderful place to begin. The main residence is approximately 620 square feet, featuring 2 bedrooms and 1 bathroom. The interior has been meticulously updated throughout with a remodeled kitchen AND a remodeled bathroom, new luxury vinyl flooring, smooth ceilings, recessed lighting, mirrored closet, and a split A/C system. Then there is the additional garage conversion. Separate yet connected to the overall continuity of the property, this space can become whatever your life calls for—complete with both gas and water hookups as well as another split a/c system for optimal comfort, this could be a third bedroom, a private retreat for family or guests, a creative studio, a home office, a personal sanctuary, or simply a little more room to breathe. To add to what’s already plentiful, you'll enjoy the dedicated front and rear patio areas, both perfect for early morning coffee, afternoon break time, or a sunset dinner, exterior laundry facilities and an installed Tesla charger for today's electric vehicle owner. For a first-time buyer, 2410 Alcazar Street offers an exciting opportunity to step into homeownership with a property that provides flexibility today and room to grow into tomorrow. Your first home doesn't have to be your forever home—it just needs to be the right place to start.

2410 Alcazar Street, Los Angeles

341 N Savannah Street, Los Angeles
$650,000
5 Beds ⋅ 4 Baths ⋅ 26988673 MLS ⋅ Active Status
DEVELOPMENT AND VALUE ADD OPPORTUNITY ON AN APPROXIMATELY 9,564 SQUARE FOOT LOT IN BOYLE HEIGHTS. Offered at $650,000, 341 & 343 N. Savannah St. gives investors and developers an opportunity to acquire an existing income producing duplex on a substantial residential parcel recently rezoned under the Boyle Heights Community Plan Update and the City of Los Angeles Chapter 1A Zoning Code. The property is now zoned [VN1-MU3-4][RX2-15][CPIO]. Under the new zoning framework, Density District 15 generally provides a base density of one dwelling unit per 1,500 square feet of lot area, creating the potential for approximately six units on a parcel of this size, subject to applicable development standards, City requirements and buyer verification. The existing property consist of two residential units: 341 N. Savannah is a 2 bed, 2 bath unit and 343 N. Savannah is a 3 bed, 2 bath unit over two separate garages. The property also includes two garages, a gated driveway and substantial on site area providing several possibilities for a buyer evaluating the site's long term use. The new Boyle Heights zoning framework includes development standards intended to facilitate residential infill, including reduced side and rear setbacks in applicable residential form districts. The property's size and existing configuration may provide an opportunity to evaluate additional residential development while retaining some or all of the existing improvements or other redevelopment strategies permitted under current regulations. Buyer to investigate and verify. The property is located within the Boyle Heights Community Plan Implementation Overlay (CPIO), which contains additional development regulations and potential incentive programs. Buyers should independently investigate the property's applicable CPIO provisions and any available density, affordable-housing or other development incentives. Both units are occupied by long term tenants and the property is being sold with the existing tenants in place. The property is subject to the Los Angeles Rent Stabilization Ordinance (LA RSO). The units are habitable with no known violations and provide additional long term value add potential through renovation if and when a unit becomes vacant. Owner currently pays water and sewer and tenants pay their own electricity and gas. 341 & 343 N. Savannah St. offers a combination of existing rental income, a large approximately 9,564 square foot lot, new Chapter 1A zoning and potential for additional residential development in Boyle Heights. Property sold with tenants in place. Drive-by only. Please DO NOT disturb occupants. Buyer to independently investigate and verify zoning, density, allowable floor area, building height, setbacks, CPIO requirements and incentives, ADU potential, tenant protections, development feasibility and all other property information.

341 N Savannah Street, Los Angeles

718 S Grande Vista, Los Angeles
$899,000
PW26201513 MLS ⋅ Active Status
LOS ANGELES DUPLEX WITH A REMODELED FRONT UNIT AND ROOM TO EXPLORE EXPANSION! Two 3-bedroom, 2-bath residences sit on a large R2-zoned lot with a spacious rear area offering potential for additional development. The front unit has been completely remodeled, and the upgraded front driveway provides additional parking. A compelling opportunity for buy-and-hold investors or buyers looking to live in one residence and rent the other/ Enjoy the flexibility of two residences while exploring the property’s longer-term possibilities. Have a piece of the pie into the growth and development Boyle Heights is currently​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​​​‌​​​‌‌​​​‌‌‌​​​ undergoing.

718 S Grande Vista, Los Angeles

518 S Concord, Los Angeles
$798,500
3 Beds ⋅ 2 Baths ⋅ OC26200665 MLS ⋅ Active Status
WOW!!! DUPLEX FOR SALE! Presenting two charming bungalow-style duplex units in Boyle Heights, featuring a large private driveway and plenty of private parking space! The front unit offers a 2-bedroom, 1-bathroom floor plan with a private front patio. The rear residence features 1 bedroom and 1 bathroom—a perfect opportunity for owner-users to live in the front unit and offset their monthly mortgage with rental income from the second unit! The property also boasts a spacious rear yard with ample room for storage and outdoor enjoyment, along with two large storage structures offering tons of potential for your own projects. Buyer to independently verify all property information, including square footage and room dimensions. Property is going to be delivered UNOCCUPIED!

518 S Concord, Los Angeles

3021 Ganahl Street, Los Angeles
$849,000
6 Beds ⋅ 2 Baths ⋅ 26965623 MLS ⋅ Active Under Contract Status
Built in 1924, this Spanish-style duplex in the hills of Boyle Heights offers two spacious side-by-side 3 bed, 1 bath residences with approximately 2,550 square feet of combined living space on a 4,800-square-foot lot. Blending original character with thoughtful updates, the property presents a versatile opportunity for an owner-user or investor, with one unit currently occupied at $3,076.61/month and the second to be delivered vacant, providing the flexibility to move in or establish a new market rent. Both residences feature similar, well-proportioned layouts with spacious living areas, interior laundry, and remodeled kitchens with granite countertops and stainless-steel appliances. Large windows bring in abundant natural light, while the elevated hillside setting captures neighborhood and Downtown LA views. Both the vacant residence and full exterior have been freshly repainted, complemented by updated landscaping around the property. Significant foundation work has also recently been completed, adding to the property's strong long-term value. At the rear, a private backyard creates valuable outdoor space for dining, entertaining, or relaxing. A detached 2-car garage plus 2 driveway spots offer convenient resident parking, while an additional basement/storage space adds functionality. Separate gas and electric meters for each unit further enhance the property's appeal as an income-producing investment. Ideally located in Boyle Heights with convenient access to Downtown Los Angeles, Cal State LA, the Arts District, major freeways, and public transportation, the property combines two generously sized residences with outdoor space, parking, storage, and city views. With one unit delivered vacant and the other generating immediate rental income, this is a compelling opportunity in a well-connected Eastside location.

3021 Ganahl Street, Los Angeles

2441 Fairmount, Los Angeles
$1,049,100
CV26197864 MLS ⋅ Active Status
Excellent and the Best Four (4) unit apartment complex located at 2441 Fairmount St In Los Angeles . This low maintenance, low -cost building offers a balanced investment profile with both stability and upside potential Perfect opportunity for owner to live one unit and collecting rent from the others. ***Currently 1 unit 2 Bedrooms 1 bathroom just vacant and is being kept temporarily available for showings, providing immediate flexibility for a new owner - giving optionality for interested buyers to live in one units while renting out the others, or easily rent out at higher market rate. This unit features newly updated interiors, laminate flooring, kitchen with quartz countertops and cabinets, 2 sinks in the bathroom with update vanity, 2 bedroom with ceiling fans.*** This 4 unit Building featuring 1 unit 3 Bedrooms 1 Bathroom 2 units 2 Bedrooms 1 Bathroom each, and 1 unit 2 Bedrooms 2 bathroom. 2 units has had some upgrade. The property is zoned R3-1-CUGU, with expansive lot size of 7,003 SF, and alley access, where it may be possible to build an additional ADU. Conveniently near the 5, 10, 60, and 710 freeways. Located near Cal State University Los Angeles, Downtown Los Angeles, Pasadena, and San Gabriel Valley. This is an ideal investment property! Must see to apricate.

2441 Fairmount, Los Angeles

3524 Hunter Street, Los Angeles
$748,800
3 Beds ⋅ 3 Baths ⋅ CV26196260 MLS ⋅ Active Status
Beautiful newer construction featuring a spacious open concept layout and modern finishes throughout. The living area flows seamlessly into the updated kitchen featuring quartz countertops, custom blue cabinetry, stainless steel appliances, designer tile backsplash, recessed lighting, and plenty of storage and counter space. Upstairs you’ll find generously sized bedrooms with updated flooring and great natural light, including a primary suite with an upgraded private bathroom. Additional features include remodeled bathrooms, indoor stackable laundry, dual pane windows, central HVAC, and contemporary fixtures throughout. Enjoy a private gated yard with space for entertaining, pets, or gardening, along with gated rear access, additional parking, and a garage. Conveniently located near shopping, dining, freeways, and local amenities. A great opportunity to enjoy a newer home with modern updates and plenty of functional living space.

3524 Hunter Street, Los Angeles

2505 Chelsea, Los Angeles
$699,000
AR26194839 MLS ⋅ Active Status
Unmatched Value-Add Density Expansion in Boyle Heights! Located blocks from the Keck School of Medicine of USC Hospital, this unique corner-lot residential income property features 5 detached/semi-detached 1BD/1BA units on an expansive ±7,971 SF parcel. Perfect for a 1031 exchange or seasoned developer looking to skip the municipal red tape: LADBS plan checks are already completed for 2 brand-new, 2-story detached units (892 SF & 894 SF). While the 5 existing character units built in 1924 offer consistent historical occupancy under LARSO, the 2 new construction units qualify for full Costa-Hawkins exemptions—bypassing legacy rent-control caps to allow immediate market-rate cash flow. Driveway access accommodates future parking allocations seamlessly. Transform this asset from a stable 2.93% current cap into a massive 10.4% projected stabilized return. Sold "As-Is" with all plans and engineering conveyed at close.

2505 Chelsea, Los Angeles

1226 Van Pelt Avenue, Los Angeles
$900,000
IV26194546 MLS ⋅ Active Status
Excellent duplex opportunity in a centrally located Los Angeles neighborhood! This well-kept and modern property features two separate units, offering flexibility for owner-occupants, multi-generational living, or investment potential. The upper-level unit offers 3 bedrooms and 2 bathrooms, including a spacious primary bedroom with its own en-suite bathroom and access to the backyard and patio. The unit features a comfortable layout, modern touches, and beautiful views from the upper level. The lower-level unit includes 1 bedroom and 1 bathroom, providing a functional and private living space. The property also includes a detached one-car garage. Conveniently located near the border of Downtown Los Angeles and just minutes from Cal State LA, this duplex offers easy access to shopping, dining, entertainment, and major transportation routes. A great opportunity to own a versatile income-producing property in a highly convenient Los Angeles location!

1226 Van Pelt Avenue, Los Angeles

3081 Guirado, Los Angeles
$640,000
2 Beds ⋅ 1 Baths ⋅ CV26193376 MLS ⋅ Active Status
Welcome to a beautifully renovated 2-bedroom, 2-bathroom residence combining modern finishes with comfortable single-level living. The bright interior features wide-plank flooring, recessed lighting, ceiling fans and a contemporary kitchen with two-tone cabinetry, quartz-style countertops, quartz-inspired backsplash, matte-black hardware and a spacious peninsula. Both bathrooms offer stylish tilework and black fixtures, including a tub-and-shower combination and a separate walk-in shower. Additional highlights include indoor laundry hookups, updated windows, a tankless water heater, a covered front porch, extended driveway and detached one-car garage. Convenient access to Downtown Los Angeles, neighborhood shopping, dining, public transportation and major freeways. Thoughtfully refreshed from the inside out and ready for its next owner

3081 Guirado, Los Angeles

3249 E 4th Street, Los Angeles
$985,000
WS26189594 MLS ⋅ Active Status
Exceptional 4-UNIT BOYLE HEIGHTS INVESTMENT — $985,000 / APPROX. $299 PER SF and just $246,250 per existing unit! There is potential for 46% more gross rental income and 7.0% stabilized cap at the $985K asking price. Current rents totaling approximately $4,767.80 per month with upside to $8,800 per month. That increases the gross scheduled rent from $57,214/year to approximately $105,600/year, an increase of roughly $48,386 annually. The biggest growth opportunity is in converting existing garage space into 2 ADU-conversions to bring in up to an additional $1,800 per month totalling $3,600 per month in additional income. The property goes from $8,800/month in projected market rent to $12,400/month 4+2 adus stabilized annual rents: $148,800/year. You will have approximately a 10.15% cap rate at $985,000. The seller has completed substantial capital improvements during ownership, including a copper plumbing re-pipe approximately six years ago, upgraded electrical panel, exterior painting, roof maintenance, replacement of two tank-style water heaters and remodeled bathrooms in two units. The property has four separate electric meters and four separate gas meters. The major systems are set and ready to go. Overall, the property has been well maintained, reflecting pride of ownership, and offers significant rental upside potential.

3249 E 4th Street, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.