1230 N Evergreen Ave | Los Angeles, CA 90033
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- LoopNet Team
1230 N Evergreen Ave
Los Angeles, CA 90033
Stabilized L.A. Multifamily with Rent Upside · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 1230 N Evergreen Ave consists of 8 two-bedroom apartments in Boyle Heights | 4 units have been upgraded, with upside to renovate remaining units.
- A feasibility analysis and preliminary architectural drawings have been completed and are available to a buyer. (Visit the Data Room to view)
- Potential to obtain assumable financing at 4.05% until March 2024 and 4.6% until March 2029.
- Substantial upside - Permit ready for additional (2) units/ADUs with the potential to add two more (4 total).
- Major job centers nearby include the USC Health Sciences Campus, a 200,000-SF Amazon distribution center, and California State University.
- Current Monthly Gross Rental Revenue of $13,924. Pro Forma Monthly Rent of $20,000 (not including approved ADUs)
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 0.21 AC |
| Type of Ownership | Fee Simple | Building Size | 6,032 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1948 |
| Apartment Style | Low-Rise | Parking Ratio | 3.65/1,000 SF |
| Building Class | C | Parcel Number | 5229-003-012 |
| Zoning | LAR2 | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,032 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 3.65/1,000 SF |
| Zoning | LAR2 |
| Parcel Number | 5229-003-012 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Kitchen
- Tub/Shower
- Views
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 750 |
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VIDEOS
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MATTERPORT 3D TOUR
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