1230 Evergreen Avenue, Los Angeles, CA 90033

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Commercial1230 Evergreen Avenue, Los Angeles, CA 90033
    $1,995,000

    Basics Details

    • Date added: Added 10 months ago
    • Type:
    • Building Area: 6,032 sq ft
    • Lot size, sq ft: 9,296 sq ft
    • Zoning:
    • # Of Units: 8

    Description

    • 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.

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    858-538-7774

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