731 S Boyle Avenue, Los Angeles, CA 90023
- $969,000
- 6
- BD
- 4
- BA
- 3,200
- SqFt
- List Price
- $969,000
- Price Change
- ▼ $60,000 1783389759
- Status
- ACTIVE
- MLS#
- 25631433
- Year Built
- 1916
- Bedrooms
- 6
- Bathrooms
- 4
- Living Sq. Ft
- 3,200
- Lot Size
- 8,885
- Acres
- 0.20
- Days on Market
- 215
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Here's a fantastic opportunity to purchase an existing cash-producing fourplex with plans for an architecturally significant second building on the 8800+ sq. ft. lot. Prime fourplex including previously approved plans for the construction of five additional units in vibrant Boyle Heights. A stone's throw from the iconic 6th street bridge, DTLA Arts District, Hollenbeck Park, public transit, freeways, and local cultural monuments. Existing building is currently a mix of two 2-bedroom units and two 1-bedroom units totalling 3200 interior sq. ft. Plans for the new building include five 1-bedroom units, one being earmarked as a low-income qualifying unit. Separate gas & electric meters for each unit with one main water meter for the existing building. Take advantage of this growing market already in demand with continued growth, making this an ideal investment opportunity.
Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Armen Sarkissian (Armen@ArmenSark.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
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