2707 E 7th St | Los Angeles, CA 90023
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- LoopNet Team
2707 E 7th St
Los Angeles, CA 90023
Boyle Heights 8 Unit Value Add Opportunity · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 8-Unit Property with Value-Add Potential - Single Level with Eight 1 Bed / 1 Bath Units - 6 Freestanding Bungalow Style Units and 1Duplex Building
- Walk Score of 78, Making it a very Walkable Neighborhood - Close Proximity to Boyle Heights Sports Center and Park
- Easy Access to Commuting Options, Shopping, Dining, and Entertainment - Highly Centralized Location with Attractive Unit Orientation
- Each Unit Separately Metered with its Own Laundry - Below Market Rents Offer Significant Upside Potential - 10.06% Proforma CAP Rate / 6.16 GRM
- Just a 2-Minute Drive to the 5, 101, and 110 Freeways - Within 0.5 Mile Proximity to Soto Saratoga and Lorena L.A. METRO Stations
- Freestanding Units Offer Substantial Returns Through Property Improvement - Potential for Pursuing Market Rents to Maximize Profitability
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 4,272 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1922 |
| Zoning | LAR2 - Two-Family Residence | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,272 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1922 |
| Zoning | LAR2 - Two-Family Residence |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 5189-011-052 | Improvements Assessment | $424,483 |
| Land Assessment | $636,724 | Total Assessment | $1,061,207 |
PROPERTY TAXES
Parcel Number
5189-011-052
Land Assessment
$636,724
Improvements Assessment
$424,483
Total Assessment
$1,061,207
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