MLS Search

Sold Date9/10/2021
Closed

2619 Pennsylvania AvenueLos Angeles, California CA90033-3538

Listing ID20663444

5,110 SqFt 0.120 Acres

$1,500,000

100% Vacant 6 unit building + 1 Potential ADU. Value add fixer in hot Boyle Heights area just minutes away from DTLA and Arts District. Huge upside to 11% Cap Rate and 7.5 GRM after renovations. Large units with potential to reconfigure the layouts to create additional beds and baths to a more favorable unit mix and maximize rents. Building is only a 6 minute walk to the metro station, and has a walk score of 93 making it convenient for shopping and employment. Individually metered for gas and electricity and includes 3 garages with alley access and ADU potential. Rent Roll on MLS is projected as building is 100% vacant.
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