1230 N Evergreen Avenue
Los Angeles, CA 90033
0.21 acres | #24465973
Description
Outstanding investment opportunity in the heart of Boyle Heights! This well-maintained 8-unit apartment building, built in 1948, boasts strong current income and significant value-add potential. All 2-bedroom, 1-bathroom units average 754 SF with potential to increase income to market rent. Additionally, a feasibility study and preliminary architectural plans for 2 additional ADU's have been performed, allowing for a total of 10 units. These are new construction units proposed to be ADUs over the parking area and simultaneously satisfy retrofit requirements. Perched on a 9,293 SF lot, this property enjoys hillside views, extensive parking provided by 22 spaces, and a strategic location ideal for families. This property is a rare opportunity to capitalize on the strong Boyle Heights rental market and achieve robust long-term returns.
Property Details
- Acres0.2134
Construction Details
- Property TypePurchase
Condition
- Year Built1948
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,995,000
Other
- MLS #24465973
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Sagiv Rosano (#CLW-X69427)
Listing Office: Rosano Partners (#CLW-X74822)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
