2415 Malabar Street is an 8-unit apartment building located in the highly sought after Boyle Heights neighborhood of Los Angeles. Situated a mile away from Keck Hospital of USC and a short drive to Downtown Los Angeles, tenants are within close proximity to major employment hubs. In addition, tenants have easy access to the Arts District which provides an eclectic and bustling nightlife.
The opportunity consists of four (4) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit separately metered for gas and electricity. The layout of each unit is relatively large – it spreads across 6,776 rentable square feet on a R3 zoned lot. In addition to its great location and large floor plan, the rents are currently 30% below market. This means a buyer will have the opportunity to purchase a property at a low basis with room for rent growth in the foreseeable future.
The opportunity consists of four (4) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit separately metered for gas and electricity. The layout of each unit is relatively large – it spreads across 6,776 rentable square feet on a R3 zoned lot. In addition to its great location and large floor plan, the rents are currently 30% below market. This means a buyer will have the opportunity to purchase a property at a low basis with room for rent growth in the foreseeable future.
Property Details
Price:
$1,400,000
MLS #:
PF25028458
Status:
Active
Baths:
0
Address:
2415 Malabar Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Feb 7, 2025
State:
CA
ZIP:
90033
Lot Size:
7,001 sqft / 0.16 acres (approx)
Year Built:
1924
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Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
Garden
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address2415 Malabar Street Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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2415 Malabar Street
Los Angeles, CA
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