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Sold Date7/13/2021
Closed

2416 E Boulder StreetLos Angeles, California CA90033-2561

Listing ID21714658

4,696 SqFt 0.160 Acres

$1,175,700

Pleased to present a solid 5-Unit income property in the booming Boyle Heights. Theres a total of 2 separate buildings on a 7000 Sq Ft lot Zoned R3- Tier 3 with alley access which allows multiple development opportunities. Front is a beautiful character four unit building with 2 bed & 1 bath each. Rear Building is a standalone SFR with 2 bed and 1 bath. Freshly painted, New landscape and palm trees, new windows and some fully remodeled units, Wrought iron fence around perimeter. Secure access, approximately 6 assigned parking spaces. this is a pandemic/recession proof investment, 4 out of 5 units receiving Sec 8 assistance of about 80% of the rent and generating steady cash flow, All tenants pay rent, No Covid-19 holdbacks. Ideal for any investor looking to add units to their portfolio with the benefit of owning a low maintenance property in a trendy and up and coming area with development opportunity. All units come with individual electric meters, gas is master meter which allows for 5% annual rent increase. Rapidly developing neighborhood has several new developments in the immediate area. Location is sought out by both families and working professionals due to it's proximity to Downtown Los Angeles.
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