$1,995,000
1230 N Evergreen Ave Los Angeles, CA 90033
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$1,995,000
Est. payment /mo
8 Beds
8 Baths
6,032 SqFt
UPDATED:
11/21/2024 07:54 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,032 sqft
Price per Sqft $330
MLS Listing ID 24-465973
Bedrooms 8
Year Built 1948
Lot Size 9,296 Sqft
Acres 0.2134
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 Boyle Heights
Zoning LAR2
Exterior
Garage Spaces 22.0
Others
Special Listing Condition Standard
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Listed by Rosano Partners
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