Description
1 UNIT VACANT - 2831 Boulder street is an amazing investment opportunity located in Boyle Heights. The property is conveniently located near major retailers, bars, shopping centers, restaurants and near major entertainment venues such as Los Angeles Arts District, Crypto Arena, Walt Disney Music Hall and many more. The building is terrifically maintained and is perfectly suited for an investor who wants passive income with the option to choose their own tenants or for an Owner/User to move into one unit and have the other units pay most of the mortgage. The property set up is comprised of 2 buildings, 1 SFR house up front 2 Beds/2Bath (VACANT), attached is a nonconforming 1 Bed/1Bath and a second building with a 2 Bed/1Bath unit in the back with its own backyard. This offering presents an investor the opportunity to acquire a strong cap rate of 6.4% and 12.07 GRM. Given the property's central location and vacant unit gives significant value add components to 2831 Boulder Street for an Owner to occupy the front unit while having the other 2 pay for most of the mortgage and provide healthy returns and appreciation over the long term. Can show Vacant unit with Appointment.
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6BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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2,508SQFT
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$409$/SQFT
School Ratings & Info
Description
1 UNIT VACANT - 2831 Boulder street is an amazing investment opportunity located in Boyle Heights. The property is conveniently located near major retailers, bars, shopping centers, restaurants and near major entertainment venues such as Los Angeles Arts District, Crypto Arena, Walt Disney Music Hall and many more. The building is terrifically maintained and is perfectly suited for an investor who wants passive income with the option to choose their own tenants or for an Owner/User to move into one unit and have the other units pay most of the mortgage. The property set up is comprised of 2 buildings, 1 SFR house up front 2 Beds/2Bath (VACANT), attached is a nonconforming 1 Bed/1Bath and a second building with a 2 Bed/1Bath unit in the back with its own backyard. This offering presents an investor the opportunity to acquire a strong cap rate of 6.4% and 12.07 GRM. Given the property's central location and vacant unit gives significant value add components to 2831 Boulder Street for an Owner to occupy the front unit while having the other 2 pay for most of the mortgage and provide healthy returns and appreciation over the long term. Can show Vacant unit with Appointment.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T09:29:09.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.