1230 N Evergreen Avenue , Los Angeles, CA 90033
Los Angeles, CA 90033
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.
Details
| Mls | 24465973 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 18 |
| Listing Provided By | Rosano Partners 213-802-0305 | Sagiv Rosano |
Features
| Sq Feet | 6,032 |
|---|---|
| Units | 8 |
| Zoning | LAR2 |
| Acreage | 0.21 |
Market Activity 90033
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| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,995,000 low | high Med: $899,498 SqFt: 6,032 low | high Med: 2,707 $ / SqFt: $331 low | high Med: $336 On Site: 18 low | high Med: 126.500000 | |