Boyle Heights 4 Plex on large lot 6.7% cap 1917 E 2nd St 4 Lot Offre d’immeuble d’habitation à 1 067 287 € à un taux de capitalisation de 6,70 % Los Angeles, CA 90033

This charming four-unit apartment property is located in the high demand rental market of Boyle Heights in East Los Angeles. Three of the four units are currently occupied and one of the units (2 bed 1 bath), is currently vacant, creating an excellent opportunity for an owner-occupant or an investor who is looking to lease out the final unit to realize a strong cap rate of 6.7%. The property enjoys a large lot which has allowed the landlord to gain full RTI (Ready to Issue) permit approval for the construction of TWO new ADU units at the rear of the lot. These permits can be immediately pulled by a buyer to begin immediate construction. Although the building was originally built in 1910, it suffered significant fire damage in October 2022. The building has been completely rebuilt. The first floor was taken down to the studs with all interior components being new construction. The second floor is where the fire originated and the entire second floor was demolished and rebuilt, including brand new frame. Due to the neighborhood’s historic designation, the building had to be rebuilt in the same style that existed prior to the fire. DON’T MISS THIS OPPORTUNITY TO OWN A NEARLY BRAND NEW INVESTMENT PROPERTY WITH STRONG INCOME IN ONE OF LOS ANGELES’ MOST UP AND COMING NEIGBORHOODS!