2028 E 3rd Street
Los Angeles, CA 90033
0.14 acres | #SB24016974
Description
Property will be delivered 100% Vacant by Close of Escrow!
8.8% Cap Rate! One of the best in Los Angeles County!
2028 E 3rd St is a meticulously remodeled 5 Unit
Apartment in the heart of Los Angeles. Boasting an
excellent unit mx with (2) 2-Bed/1-Bath, (2) 3-Bed/1-Bath
and (1) 4-Bed/2-Bath units, each unit has been renovated
with contemporary fixtures, new flooring, modern
bathrooms, and in unit laundry hookups.
This 4-Bed/2-Bath unit comes as a detached residence
with private alley access and it's own two car garage. The
offering comes with endless opportunity, highlighted by
this garage that can be converted into an ADU (Buyer to
Verify). This offering presents an investor the opportunity
to acquire a fully tenant-ready Asset in Boyle Heights operating
at a 8.80% Cap Rate and 8.16 GRM. Offered at only
$316/Sq. Ft, this turn-key apartment is fit for any investor
to add a cash cow to their apartment portfolio.
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. With a
close proximity to the train line stop and walking distance
to Hollenbeck Park, and restaurants, bars and nightlife.
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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: General NONMEMBER (#NONMEMBER)
