127 S Evergreen Ave - Multi-Family FOR SALE


Los Angeles, CA 90033- Boyle Heights
$750,000 USD
310-562-9630
127 S Evergreen Ave, Los Angeles, CA for Sale
$750,000 USD
Multi-Family - FOR SALE
1/25
null | 6.02% Cap Rate

127 S Evergreen Ave
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Incredibly affordable 3 units move in ready, with excellent tenants in the two occupied units and strong building systems (roof, plumbing, electrical)
  • Owner pays no utilities, seperate water, gas & electrical meters
  • 100% copper plumbing throughout property
  • 1 vacant unit featuring a remodeled bathroom and new appliances, offering immediate rental potential of up to $2,200/month
  • Walking distance to Evergreen Recreation Center, ideal for an active, community-oriented lifestyle
  • Strong income property with upside. Current rents exceed $2,700+ per month. Subject to City of Los Angeles Rent Control (RSO)

OVERVIEW

Located in the heart of Boyle Heights, 127 S Evergreen Ave offers a rare opportunity to own an income-producing property with a vacant unit at an incredible price point! The property features strong in-place rents of $2,700+ per month, plus a vacant 2Br+1Ba remodeled unit. Owner pays no utilities, seperate water, gas & electrical meters. All units have been remodeled within the last 10 years and feature 100% copper plumbing, and new electrical panels and meters. The front unit is a spacious 3Br+1Ba of 1,076 SF, and the rear duplex has two appx 680 SF 2Br+1Ba apartments, one upstairs and one downstairs. The rear units have areas for stackable laundry, and there are 3 parking spaces. The property is located between Evergreen Cemetery and Evergreen Recreation Center. Local favorites include Picaresa Barra de Cafe, El Tepeyac Cafe, Otomisan Restaurant, Food 4 Less, El Mercadito, King Taco and more. Boyle Heights is a well loved and tight knit community situated between the 10, 5, 101, and 60 freeways. It’s central location to so many freeways, as well at DTLA and the Arts District, is one of it’s major appeals. Overall, this is an affordable property that makes a great investment or “house hacking” option for anyone looking to have their tenants contribute to their mortgage payment!

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

3

PRICE/UNIT

$250,000

CAP RATE

6.02%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

House w/ Rear Duplex in Boyle Heights!

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAR2

APN/PARCEL ID

5180-021-022

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.