1917 E 2nd ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90033
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25192363
HOA Y/N No
Year Built 2024
Lot Size 6,721 Sqft
Property Sub-Type Quadruplex
Property Description
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!
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Parking Features Tandem,Uncovered
Pool None
Community Features Gutter(s),Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction Yes
Others
Senior Community No
Tax ID 5174016019
Acceptable Financing Cash,Cash to New Loan,1031 Exchange,FHA 203(b),FHA 203(k),FHA,Freddie Mac,Government Loan
Listing Terms Cash,Cash to New Loan,1031 Exchange,FHA 203(b),FHA 203(k),FHA,Freddie Mac,Government Loan
Special Listing Condition Standard