$ 1,250,000
-
$1,250,000
Price -
7
Bed -
4
Bath -
2,269
SqFt
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About the Listing YAPX - YCOMFCHR
This charming four-unit apartment property is located in the high demand rental market of Boyle Heights in East Los Angeles. Three of the four units are currently occupied and one of the units (2 bed 1 bath), is currently vacant, creating an excellent opportunity for an owner-occupant or an investor who is looking to lease out the final unit to realize a strong cap rate of 6.7%. The property enjoys a large lot which has allowed the landlord to gain full RTI (Ready to Issue) permit approval for the construction of TWO new ADU units at the rear of the lot. A buyer can pull the permits and immediately begin construction. Although the building was originally built in 1900 the building suffered significant fire damage in October 2022 and it has been completely rebuilt. The first floor was taken down to the studs with all interior components being new construction. The second floor is where the fire originated and the entire second floor was demolished and rebuilt, including brand new frame. Due to the neighborhood’s historic designation, the building had to be rebuilt in the same style that existed prior to the fire. DON’T MISS THIS OPPOTUNITY TO OWN A NEARLY BRAND NEW INVESTMENT PROPERTY WITH STRONG INCOME IN ONE OF LOS ANGELES’ MOST UP AND COMING NEIGBORHOODS!
Listing Highlights for 1917 E 2nd St
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
DW25192363
Year Built
2024
Total Square Footage
2,269
Lot/Acreage
0.15
County
Los Angeles
Area
BOYH - Boyle Heights
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: LARD1.5
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Tandem Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5174016019
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1917 E 2nd St Los Angeles, CA 90033
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