Prime Investment Opportunity in Boyle Heights. Don’t miss this rare chance to own a historic 4-unit complex in one of Boyle Heights’ most promising neighborhoods. Built in 1924, this property boasts 3,884 sq. ft. of living space, featuring four oversized 1-bedroom, 1-bath units, each approximately 984 sq. ft. The units are well laid out, with two located on the ground floor and two on the upper level, each including a dedicated laundry room.Situated on a spacious corner lot just under 5,900 sq. ft., this property offers incredible potential for value-add opportunities. Explore the possibility of adding 2 to 4 additional units (subject to city approval) or reconfiguring the existing floor plans to create 2-bedroom units upon vacancy. Boyle Heights is recognized as a rapidly growing and desirable neighborhood, making this property a strategic investment for long-term returns. For context, the property next door sold for $1,900,000 after being redeveloped in 2020 into a 3-unit complex showcasing the area’s potential for lucrative asset repositioning. This is a once-in-a-lifetime opportunity to capitalize on the future of Boyle Heights. Act now and make this historic property yours!
Property Details
Price:
$699,000
MLS #:
24462767
Status:
Pending
Baths:
0
Address:
2857 Cincinnati Street
Type:
Residential Income
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Dec 5, 2024
State:
CA
ZIP:
90033
Lot Size:
5,897 sqft / 0.14 acres (approx)
Year Built:
1924
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Schools
Interior
Appliances
Disposal
Fireplace Features
None
Heating
Wall Furnace
Exterior
Garage Spaces
4.00
Parking Features
Assigned
Parking Spots
4.00
Pool Features
None
Security Features
Window Bars, Fire and Smoke Detection System, Carbon Monoxide Detector(s)
Spa Features
None
View
None
Financial
Map
Community
- Address2857 Cincinnati Street Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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2857 Cincinnati Street
Los Angeles, CA
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