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Property 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.

Address Map
1230 N Evergreen Avenue, Los Angeles, California 90033
US
CA
Los Angeles
Los Angeles
90033
Yes
Evergreen
1230
Avenue
From the 10 Freeway (eastbound or westbound), exit on Soto St. If heading east, turn left onto Soto St.; if heading west, turn right onto Soto St. Continue north on Soto St., turn right onto Marengo St., then left onto N Evergreen Ave. The property is on the right.
BOYH - Boyle Heights
N
LAR2
Additional Information
2024-11-21
8
: Gated
6032
Listing Information
CLW-X69427
CLW-X74822
Active
2024-12-05T05:10:54Z
CRMLS
: Standard
2024-11-21T00:00:00Z

Commercial Sale For Sale

1230 N Evergreen Avenue, Los Angeles, California 90033

0.21 Acre
$1,995,000
Listing ID #24465973
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 24465973
Price : $1,995,000
Year Built : 1948
Lot Area : 0.21 Acre
Office Name : Rosano Partners
Agent Name : Sagiv Rosano
Listing Status : Active
Agent info
All View Realty
Contact Agent
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