Do Not Walk the Property or Disrupt Tenants. Contact Listing Team for Property Showing Instructions. We are pleased to present for sale a unique value-add opportunity located at 207 North Savannah Street. The 17-unit building is comprised of three studio units, two one-bedroom/one-bath units, and twelve two-bedroom/one-bath units. This property is located in the Boyle Heights neighborhood, which is minutes east of Downtown Los Angeles and The Arts District. This property sits on North Savannah Street, between Cesar Chavez Avenue and 1st Street, just west of Evergreen Avenue. Tenants of the building benefit from immediate access to the 10-freeway, and less than a 14-minute bike ride to the Art’s District of Downtown Los Angeles. Additionally, the Gold Line Station at Soto Street is only a 10-minute walk and gives access to employment hubs throughout Los Angeles MSA. The Sixth Street Viaduct opened to the public in July 2022 and adds another thoroughfare into the Arts District. The $588 million-dollar project crosses over a new public park. The much-discussed effort to restore the Los Angeles River continues to drive new development in the surrounding neighborhoods as eight firms compete to restore the section of the river that runs between Downtown Los Angeles and Boyle Heights. This property offers an investor the rare opportunity to acquire a mid-century constructed asset at an extremely favorable basis of $135,294 per Unit for mostly two-bedroom units, with on-site parking.
Property Details
Price:
$2,300,000
MLS #:
24445363
Status:
Active Under Contract
Baths:
0
Address:
207 N Savannah Street
Type:
Residential Income
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Sep 16, 2024
State:
CA
ZIP:
90033
Lot Size:
14,285 sqft / 0.33 acres (approx)
Year Built:
1932
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Schools
Interior
Exterior
Parking Features
Gated, Covered
Parking Spots
17.00
Stories Total
2
Financial
Map
Community
- Address207 N Savannah Street Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
207 N Savannah Street
Los Angeles, CA
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