Address
131 S Boyle Avenue Los Angeles, CA
Price
$ 1,850,000
Property Attributes
  • MLS#20629502
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBoyle Heights
  • Zip90033
  • Style
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,019 SqFt
Listing Provided Courtesy Of:
Neema Ahadian with Marcus & Millichap.
Property Description

131 S Boyle Ave is a 15-unit true value-add investment opportunity located in Boyle Heights, located just south of E 1st Street with immediate access to the I-5 and I-10 Freeways. The subject property, built in 1887, will be delivered 100% vacant and consists of 15 single occupancy units, 5 units have spaces for a full kitchen. Furthermore, there is a community lobby on the first floor and four communal bathrooms, two on each floor. This investment presents the opportunity to capture a strong market CAP rate of 6.44% and 8.55 GRM, with the ability to reposition the property with interior renovations immediately at the close of escrow. Buyer can potentially convert driveway to on-site gated parking for 12-15 spaces. High walk score of 90, in close proximity to shopping, nightlife and dining attractions; direct access to the I-5 and I-10 Freeways, as well as the CA-60. Boyle Heights is a fast growing, historic, and vibrant neighborhood located just East of Downtown Los Angeles.

Price History
9/8/2020 Listed $1,850,000

General Features

Directions Located in Boyle Heights between E 1st St & E 4th St
Flooring Wood
Listing Agent Neema Ahadian - BRE#01346750
Listing Agent State License 01346750
MLS Area BOYH - Boyle Heights
Parking Features Driveway
Special Listing Conditions Standard
Total Units 15
Zoning [Q]R4-1-RIO-CUGU

Exterior Features

Lot Size Acres 0.2300
Lot Size Area 10170.0000
Lot Size Square Feet 10170.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90033

Price
AVG $1.16M
$1.85M
Visits
AVG 14
9
Year Built
AVG 1925
1887

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