1230 N Evergreen AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90033
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24465973
HOA Y/N No
Year Built 1948
Lot Size 9,295 Sqft
Property 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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR2
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 22
Others
Tax ID 5229003012
Security Features Gated Community
Special Listing Condition Standard