Newly Priced! East LA- 5.61% Cap (with the possibility of the Cap rate of getting close to 6% with rent increases in August 2024) Great investment property situated on a huge 11,387 Sq Ft lot. Not subject to LA's (RSO) Rent Stabilization Ordinance. 3 separate buildings and each unit has NO shared walls. 2 driveways with a lot of room for parking. Close to Mariachi Plaza/Boyle Heights and a short distance to DTLA, Crypto/LA LIVE, Dodger Stadium, & Cal State LA. High rental demand area and great unit mix. (2- 2+1, 1 4+3, and one Studio) Convenient and quick access to 5, 60, and 10 freeways. Shown with accepted offer only. 100% Tenant Occupied. Do not walk on the property or disturb tenants. Agents READ private comments.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Price Changed | $1,475,000 -1.67% | $464 | Nourmand & Associates-HW | |
Price Changed | $1,500,000 -3.23% | $472 | Nourmand & Associates-HW | |
Listed For Sale | $1,550,000 | $488 | Nourmand & Associates-HW |
Middle School Robert Louis Stevenson Middle | 0.2 miles away | 06 - 08 | |
Elementary School Rowan Avenue Elementary | 0.2 miles away | KG - 05 | |
Junior & Senior High School Ramona Opportunity High | 0.4 miles away | 07 - 12 |