731 S Boyle Ave Los Angeles, CA 90023  | Multi Family
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$1,029,000

731 S Boyle Ave Los Angeles, CA 90023
6
Bedrooms
4
Bathrooms
8,886
sqft
1916
Year Built
Multi Family
Property Type
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Special Offer:

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About This Home

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.

Location

731 S Boyle Ave Los Angeles, CA 90023

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Listing Agent

Armen Sarkissian

Armen Sarkissian

Berkshire Hathaway HomeServices CA Properties

(130 reviews)
Avg Price Sold$1.4M
Years Experience28
Total Transactions508