2402 Malabar Street
Los Angeles, CA 90033
0.16 acres | #SR23224165
Description
PRICE REDUCED!!! FIRST TIME ON THE MARKET IN ALMOST 80 YEARS! We are proud to present 2402 Malabar Street—a true value-add investment opportunity in Boyle Heights with huge rental upside of over 80%! The building consists of four 2 bedroom / 1 bath units and four 1 bedroom / 1 bath units, and will be delivered with one 2 bedroom unit vacant. As a pride of ownership property, the well-maintained building on the corner of Soto St and Malabar St features upgraded electric main and sub panels. The detached garage spaces on the spacious ± 6,984 SF lot currently accommodate parking for 6 cars with the possibility to convert to ADUs for additional rental income. The units are separately metered for gas and electric and feature washer/dryer hookups in each unit. The unbeatable location is in close proximity to Downtown LA, the Arts District, and Lincoln Heights, and less than one mile from the USC Health Sciences Campus and USC Keck Hospital. The property is strategically situated in a strong rental submarket with the potential for further rental growth and property appreciation upon repositioning of the units.
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Anie Mayelian (#F207056634)
Listing Office: Equity Union (#F8595001)
Listing Courtesy (Buyer)
Buyer's Agent: Aleen Mayelian (#SR207071339)
