Great investment opportunity in Boyle Heights, can be great for an owner-user or a developer. The property is zoned R3, with endless opportunities to build multi-units. The largest unit, approx. 1100 sq.ft. is vacant and has a large living room, kitchen with granite countertops, a laundry area, 3/4 bath, with a large bedroom with an attached full bathroom. Perfect opportunity to live in the property and rent out the other units. Additional units are both 1 bed, 3/4 bath, approx. 700 sq.ft. and are tenant occupied but can be delivered vacant. The property is gated and secured. Alley access provides parking for multiple cars on a concrete pad. It needs a little TLC to get maximum rents, but the prime option is to build 4 brand new units as they did right next door. This property is located in a Tier 3 TOC. Great opportunity in the heart of Boyle Heights! Close to freeways, the metro station, shops, and a bike ride away to the Arts District in DTLA.
Sold for $780,500 on 10/18/23
Listing Provided by:
Will Kaliel DRE #01720864 626-445-5500,
Coldwell Banker Residential
Bought with: Coldwell Banker Residential
$780,500
2440 Cincinnati St, Los Angeles, CA 90033
3beds
4baths
1,774sqft
Triplex
Built in 1905
-- sqft lot
$862,600 Zestimate®
$440/sqft
$3,180 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 15, 2024 at 12:36pm
Listing Provided by:
Will Kaliel DRE #01720864 626-445-5500,
Coldwell Banker Residential
Bought with:
Will Kaliel, DRE #01720864
Coldwell Banker Residential
Source: CRMLS,MLS#: PF23145458
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Appliances
- Laundry: In Kitchen
Features
- Flooring: Tile, Wood
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,774
- Total interior livable area: 1,774 sqft
Property
Parking
- Parking features: Concrete
Features
- Levels: One
- Stories: 1
- Entry location: south facing
- Pool features: None
Lot
- Size: 7,000 sqft
- Features: Back Yard, Front Yard, Walkstreet, Yard
Details
- Parcel number: 5177034005
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Conventional,1031 Exchange,FHA 203(b),FHA 203(k),FHA
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Estimated market value
$862,600