Sevak Keshishian
This listing was posted on RealtyWW.
$1,500,000
Home For Sale In Los Angeles, California
Price:
$1,500,000
BR/BA:
10+ BR, 8 BA
Location:
2500 E 1st St, Los Angeles, CA
Description:
We are pleased to present 2500 E 1st St, a mixed-use property situated in the heart of the culturally rich Boyle Heights district, renowned for its diverse community and bustling atmosphere. Built in 1964, the 8, 578 square foot property features a standalone corner retail unit complemented by an 8-unit apartment complex at the rear. The apartment consists of three (3) 1-bedroom and five (5) 2-bedroom units. With current rents offering significant room for growth, savvy investors can capitalize on a approximately 62% upside potential in rental income as units become vacant. Spanning across 8, 641 square feet of land, the property is commercially zoned with a tier 4 TOC bonus, permitting the development of 40 units or more through ED-1, further enhancing its investment appeal. Strategically positioned just one block away from the E Line Soto Station and adjacent Los Lirios Apartments which boasts 2, 400 square feet of ground-floor commercial space, this property offers unparalleled convenience and accessibility. Furthermore, with a brand-new four-story, 51-unit affordable housing complex scheduled for construction on the same block as the subject property, the area is experiencing a surge in development activity, underscoring its status as a burgeoning investment hotspot. With its proximity to downtown Los Angeles and seamless access to public transportation, Boyle Heights offers residents and businesses alike an unparalleled urban lifestyle. With its rich cultural heritage, diverse community, and thriving commercial landscape, Boyle Heights presents a compelling investment opportunity in one of Los Angeles' most dynamic and sought-after neighborhoods.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i71197491
Property Type:
Single-Family Houses
Posted:
April 29 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a 10+ BR Eight Bath Single-Family Homes for Sale at 2500 E 1st St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 2500 E 1st St by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a 10+ BR Eight Bath Single-Family Homes for Sale at 2500 E 1st St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 2500 E 1st St by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Los Angeles CA.