KW Commercial is pleased to present this low maintenance 4,200 SF 6-Unit Multi-Family Apartment Building in the Boyle Heights neighborhood of East Los Angeles. It is located on 6,230 SF R1.5 zoned lot.
The property consists of a total of 6 units. The ground floor has 3 units, (2)-1+1 units and (1)-2+1 unit. The second floor consists of (2)-1+1 units and(1)-3+1 unit. All tenants are currently on a month to month tenancy.
The subject property has a carport parking area in the rear of the property with storage boxes for each unit. In addition there is an approximately 300 SF inside/outside storage unit that is currently being used by the owner that may bring additional income for a new owner. The entire roof of the carport has been replaced in October 2017.
The subject property is located within the Boyle Heights neighborhood of Los Angeles. It is just 3 parcels east of Soto St and less than .1 miles (3min walk) to the the major signalized intersection of Soto & 4th St. (Metro Bus lines 751, 251, 252, 605 & 106). The property is also located .2 miles (5min walk) from the SOTO GOLD LINE METRO STATION connecting you to Union Station in Downtown LA (only 4 stops away) and Pasadena area.
This area is considered a WALKER'S PARADISE with a score of 90.
The local retailers within a 5 minute walk of the property include Northgate Gonzalez Markets (0.2 miles away), Smart & Final (0.2 miles away), Carl's Jr(0.2 miles away), Wash & Dry (0.1 miles away), La Lavenderia Coin Wash (0.2 miles away), Chase Bank (0.3 miles away).
Roosevelt Year-Round Public Pool & Jacuzzi ( 0.1 miles away) and Hollenbeck Park (0.4 miles away) are in close proximity to the property. Theodore Roosevelt High School (0.2 miles away), Breed Street Elementary School (0.3 miles away) & Hollenbeck Middle School (0.4 miles away) are all in walking distance.
Approximately 55,000 people reside within a 1-mile radius and 285,000 people reside within a 3-mile radius.
This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking to purchase a minimal maintenance required multi-family property in a growing area, walking distance to public transportation, parks and shopping areas.
**Current CAP rate is 3.15%**DRIVE BY ONLY**
