Homes for sale - 1917 E 2nd ST, Los Angeles, CA 90033

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Walter Baneggas

baneggas@me.com +1(818) 934-0660

$ 1,250,000

Est. payment | -/mo

6,721 Sqft Lot

Save

$ 1,250,000

Est. payment | -/mo

Save

6,721 Sqft Lot

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

Listed by Christopher Comfort Apex Properties 818-917-6558

GET MORE INFORMATION

Walter Baneggas

REALTOR® | Lic# 01849033

baneggas@me.com

+1(818) 934-0660

19300 Rinaldi St. Suite L Porter Ranch, CA, 91326

1917 E 2nd ST Los Angeles, CA 90033

Walter Baneggas

Key Details

Location

Interior

Exterior

Building

Others

1917 E 2nd ST