We are pleased to present NINE Single-Story Units in Rapidly Gentrifying Boyle Heights Area of Los Angeles. The property has an Attractive Unit Mix of Studios, 1 and 2 Bedroom Units. A Great Investment Opportunity that has Recent Capital Improvements which includes New Exterior Paint (and Wood-like Floors in Select Units). There are Minimal Landlord Expenses as All Units are Separately Metered for Gas & Electricity. This Income-Producing Investment yields a 4.93% Cap Rate on Current Rents & yet has Plenty of Room for Rental Upside Potential. Property is Centrally Located within a Few Minutes to Downtown Los Angeles, the Arts District, Little Tokyo and the USC Hospital. Tenants can appreciate living within close walking distance to the various busy retail corridors including East Cesar E Chavez Avenue and North Evergreen Street. This is a lovely corner lot property that is strategically located near the 5, 10 and 101 Freeways.
Sold for $1,565,000 on 04/13/23
$1,565,000
2727 E 4th St, Los Angeles, CA 90033
6beds
9baths
4,186sqft
MultiFamily
Built in 1923
-- sqft lot
$1,538,200 Zestimate®
$374/sqft
$3,128 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 9
Heating
- Gas
Cooling
- None
Appliances
- Included: Garbage disposal, Range / Oven
Interior area
- Total interior livable area: 4,186 sqft
Property
Parking
- Parking features: On-street
Lot
- Size: 6,969 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1923
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- PropertyType: Residential Income
- SourceLivingArea: Vendor Enhanced
- UnitTypeType: 1, 2, 3
- Equipment: Other
- SourceLotSizeArea: Other
- ListingArea: Boyle Heights
- ListingStatus: Pending
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Estimated market value
$1,538,200