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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,350,000

Est. payment - /mo

1 Bed

1 Bath

6,363 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26014659

Bedrooms 1

Lot Size 6,363 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Prime Investment Opportunity, this Spanish-style multifamily property has been meticulously maintained by the same ownership for over 30 years and features high vaulted-ceiling units with exceptional light and architectural character. The property presents a strong value-add opportunity with over 56% rental upside, driven by extremely large unit layouts, including select units exceeding 1,000 square feet, allowing for the potential addition of extra bedrooms, conversion to true two-bedroom units, and incorporation of in-unit laundry to significantly increase rental income. There is also additional 4 individual garages and additional space behind garages that lend perfectly to potential multiple ADU's build. Located in Boyle Heights submarket of Los Angeles, the asset is surrounded by major employment centers and lifestyle amenities such as Union Station, Crypto.com Arena, the Arts District, Financial District, USC Keck School of Medicine, Little Tokyo, Chinatown, and Monterey Park Golf Club. Additional upside includes the potential to reduce property taxes through the Mills Act (buyer to verify eligibility), the opportunity to implement RUBS to reduce operating expenses (buyer to verify), and one unit can be delivered vacant at close of escrow, providing immediate repositioning flexibility. Seller financing may potentially be available, subject to mutually agreeable terms.

Location

State CA

County Los Angeles

Zoning Assessor

Direction On Soto just south of 4th

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5185001004

Acceptable Financing Cash, Conventional, Exchange, Seller May Carry

Listing Terms Cash, Conventional, Exchange, Seller May Carry

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Listed by Matthew Guerra, DRE#02022646 KW Executive

Nearby School & Business

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Arash Rokni

REALTOR® CADRE#02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

436 S Soto Los Angeles, CA 90033

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

GET MORE INFORMATION