2028 E 3rd Street
Los Angeles, CA 90033
0.14 acres | #SB23086645
Description
2028 E 3rd St is an excellent investment opportunity in
the thriving neighborhood of Boyle Heights. This
massive 5,033 Sq. Ft Building comes with an
exceptional unit mix of (2) 1-Bed/1-Bath, (2) 2-Bed/1-
Bath, and (1) Detached 3-Bed/2-Bath house. A few
blocks from the famous Mariachi Plaza, Metro Gold
Line and across the river from Los Angeles' Arts District,
2028 E 3rd will come with Two units delivered tenant-ready!
This offering presents an investor with the opportunity to
acquire a strong cap rate of 5.82% and 11.10 GRM.
Offered at only $218/Sq. Ft, this value add apartment
has over 40% in rental upside. Once fully stabilized, this
5 unit apartment will operate at a 9.43% cap rate and
a GRM of 7.85.
Boyle Heights is a quickly growing neighborhood in Los
Angeles adjacent to Downtown Los Angeles. A vibrant
and culturally diverse neighborhood known for its rich
history, tight-knit community, and eclectic mix of
cuisines, Boyle Heights offers a dynamic blend of
residential charm, thriving local businesses, and a
vibrant arts scene.
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Aaron Jacobson (#SBJACOAAR)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
Listing Courtesy (Buyer)
Buyer's Agent: Aaron Jacobson (#SBJACOAAR)
