The Cincinnati Apartments is a five-unit multi-family property located in Los Angeles’ Boyle Heights neighborhood, one of the city’s rapidly evolving submarkets. The community and local ownership are enjoying the benefits rapid growth and urbanization that are happening at the local level. The continued transformation of this neighborhood will continue to have positive business impacts, bringing in new retail and entertainment options, and transforming a once neglected portion of the city into a vibrant community with improved services surrounding major transit hubs.
Located at 2531 Cincinnati St, The Cincinnati Apartments was built in 1924 and features 4,834 square-feet of improvements on a 6,301 square-foot lot. The property features four one-bedroom and one-bath units with an average living space of 900 square feet, and one freestanding two-bedroom and one-bath house with living space of 1100 square feet. Each unit has individual water heaters.
The Cincinnati Apartments is the ideal investment opportunity for all renovation-oriented buyers. The purchaser will have the opportunity to renovate, remodel and reposition the property to appeal to higher-paying
professionals and potential tenants. A buyer will have the ability to put their own personal touch on the renovations, allowing for flexibility in bringing the interior and exterior of the property into the 21st century.
