2857 Cincinnati Street
Los Angeles, CA, 90033
$699,000
Beds
0 Baths
SqFt
0.14 Acres
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Prime Investment Opportunity in Boyle Heights. Just in Time for the Holidays! 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 for the holidays!

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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