2727 E 4TH STREET, LOS ANGELES, CA 90033

  • 4,186 sqft
  • Lot Size: 7,003 sqft
  • Built in 1923
  • MLS #22160121
For Sale $1,900,000

Description

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 4.42% 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.

FACTS / FEATURES

  • Built in 1923
  • Lot Size: 7,003 sqft

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Listing Provided by Shant Sherbetdjian, Remax Commercial and Investment Realty
Based on information from California Regional Multiple Listing Service, Inc. as of July 3, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.