2416 E 1st St, Los Angeles, CA 90033

RETAIL UNITS WILL BE DELIVERED VACANT!!! Great opportunity to purchase this classic mixed use property in burgeoning Boyle Heights. Formerly Alicia's boutique and creations the property consists of 2 residential units over retail. Both units are 2-bed 1-bath and are occupied. The retail portion is approximately 1500 Sf and is currently being operated as one space but can be easily converted back to two spaces. The building square footage is 3,190. The lot size is 5,549 includes rear storage area and 3 park spots. This is a perfect owner user opportunity or a great investment due to the location in up and coming Boyle Heights! The property is located at the corner of 1st street and Soto Street in prime Boyle Heights. Boyle heights is being touted as the next area of heavy re-gentrification due to renters being priced out of downtown and the exorbitantly expensive Arts District. Directly across the street is a proposed 22 million dollar mixed use development consisting of 50 affordable housing units along with new restaurants and shops by East Los Angeles Community Corp (ELACC). See attached PDF. Boyle Heights is a working-class, youthful neighborhood of almost 100,000 residents east of Downtown Los Angeles in the City of Los Angeles. The district has more than twenty public schools, and ten private schools. It has several notable buildings and sites, and a number of notable people have lived in Boyle Heights or been connected with it. Though sometimes mistakenly thought to be part of the independent East Los Angeles, Boyle Heights is within Los Angeles city proper.