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127 S Evergreen Ave - House w/ Rear Duplex in Boyle Heights! 3 Unit Apartment Building Offered at $750,000 at a 5.42% Cap Rate Los Angeles, CA 90033

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Investment Highlights

  • 1 vacant unit featuring a remodeled bathroom and new appliances, offering immediate rental potential of up to $2,200/month
  • 100% copper plumbing throughout property
  • Walking distance to Evergreen Recreation Center, ideal for an active, community-oriented lifestyle
  • All units have been remodeled within the last 10 years
  • New electrical panels, subpanels, meters
  • Strong income property with upside. Current rents exceed $2,600+ per month

Executive Summary

Located in the heart of Boyle Heights, 127 S Evergreen Ave offers a rare opportunity to own an income-producing property with a vacant unit at an incredible price point! The property features strong in-place rents of $2,600+ per month, plus a vacant 2Br+1Ba remodeled unit. All units have been remodeled within the last 10 years and feature 100% copper plumbing, and new electrical panels and meters. The front unit is a spacious 3Br+2Ba of 1,076 SF, and the rear duplex has two appx 680 SF 2Br+1Ba apartments, one upstairs and one downstairs. The rear units have areas for stackable laundry, and there are 3 parking spaces. The property is located between Evergreen Cemetery and Evergreen Recreation Center. Local favorites include Picaresa Barra de Cafe, El Tepeyac Cafe, Otomisan Restaurant, Food 4 Less, El Mercadito, King Taco and more. Boyle Heights is a well loved and tight knit community situated between the 10, 5, 101, and 60 freeways. It's central location to so many freeways, as well at DTLA and the Arts District, is one of it's major appeals. Overall, this is an affordable property that makes a great investment or "house hacking" option for anyone looking to have their tenants contribute to their mortgage payment!

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $58,476 $24.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $58,476 $24.00
Taxes - -
Operating Expenses - -
Total Expenses $17,859 $7.33
Net Operating Income $40,617 $16.67

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $58,476
Annual Per SF $24.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $58,476
Annual Per SF $24.00
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $17,859
Annual Per SF $7.33
Net Operating Income
Annual $40,617
Annual Per SF $16.67

Property Facts

Price $750,000
Price Per Unit $250,000
Sale Type Investment
Cap Rate 5.42%
Gross Rent Multiplier 12.83
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Building Size 2,436 SF
Average Occupancy 66%
No. Stories 2
Year Built 1928
Parking Ratio 1.23/1,000 SF
Zoning LAR2

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Washer/Dryer
  • Ceiling Fans
  • Tile Floors
  • Kitchen

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 $1,654 1,076
2+1 1 $1,019 -
2+1 1 $2,200 -
Walk Score®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39354723

  • Date on Market: 2/6/2026

  • Last Updated:

  • Address: 127 S Evergreen Ave, Los Angeles, CA 90033

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