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3-units Vacant - Value Add Opportunity 1822 Bridge St 10 Unit Apartment Building $2,230,000 ($223,000/Unit) 7% Cap Rate Los Angeles, CA 90033
Investment Highlights
- Value-Add Opportunity – 3 units delivered vacant at close, with potential for 2 more to be vacated immediately, allowing immediate upside.
- Excellent Location – Minutes from White Memorial Hospital and major freeways (101, 5, 10), making it ideal for commuters and healthcare workers.
- Separate Utility Metering – Gas and electricity separately metered, reducing owner operating expenses.
- Strong Unit Mix – Ten total units: five 2-bed/1-bath, four 1-bed/1-bath, and one studio, offering diversified rental demand.
- Parking + Potential for ADUs – Ten surface spaces and one garage, with zoning (LARD1.5) that may support expansion or ADU development.
- Competitive Price per Unit – Offered at $223,000 per unit, making it an attractive entry point for a 10-unit Los Angeles multifamily asset w/Upside
Executive Summary
Welcome to an exceptional value-add investment opportunity in the heart of Boyle Heights — 1822 Bridge Street, a 10-unit multifamily asset with strong fundamentals and meaningful upside.
Key Features:
Solid, Class C construction: Built in 1965, the building provides a stable long-term foundation for renovation, modernization, or repositioning.
Unit mix optimized for flexibility: The property features 5 two-bedroom / 1-bath units, 4 one-bedroom / 1-bath units, and 1 studio — a well-balanced portfolio.
Vacancy / value-add potential: Three units will be delivered vacant at close of escrow. Additionally, two more units may be vacated immediately under new ownership, creating room for renovation to market rents.
Parking + expansion upside: Includes 10 surface parking spaces plus a one-car garage. Strong potential for ADU (Accessory Dwelling Unit) development or partial redevelopment — buyer to verify.
Strategic location: Minutes from White Memorial Hospital, with immediate access to major freeways (101, 5, and 10), making it convenient for commuters and health-care professionals.
Key Features:
Solid, Class C construction: Built in 1965, the building provides a stable long-term foundation for renovation, modernization, or repositioning.
Unit mix optimized for flexibility: The property features 5 two-bedroom / 1-bath units, 4 one-bedroom / 1-bath units, and 1 studio — a well-balanced portfolio.
Vacancy / value-add potential: Three units will be delivered vacant at close of escrow. Additionally, two more units may be vacated immediately under new ownership, creating room for renovation to market rents.
Parking + expansion upside: Includes 10 surface parking spaces plus a one-car garage. Strong potential for ADU (Accessory Dwelling Unit) development or partial redevelopment — buyer to verify.
Strategic location: Minutes from White Memorial Hospital, with immediate access to major freeways (101, 5, and 10), making it convenient for commuters and health-care professionals.
Property Facts
| Price | $2,230,000 | Building Class | C |
| Price Per Unit | $223,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,863 SF |
| Cap Rate | 7% | Average Occupancy | 96% |
| Gross Rent Multiplier | 9.77 | No. Stories | 2 |
| No. Units | 10 | Year Built/Renovated | 1965/2025 |
| Property Type | Multifamily | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RD1.5, Los Angeles - restricted Density Multiple Dwelling | ||
| Price | $2,230,000 |
| Price Per Unit | $223,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 9.77 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,863 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2025 |
| Parking Ratio | 1.46/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5, Los Angeles - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 4 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (74)
Property Taxes
| Parcel Number | 5174-007-017 | Improvements Assessment | $413,848 |
| Land Assessment | $198,410 | Total Assessment | $612,258 |
Property Taxes
Parcel Number
5174-007-017
Land Assessment
$198,410
Improvements Assessment
$413,848
Total Assessment
$612,258
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3-units Vacant - Value Add Opportunity | 1822 Bridge St
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