2 Homes on One Lot in Boyle Heights

$549,000

2729 Boulder Street

# of Units: 2

GRM (Pro Forma): 9.34

CAP Rate (Pro Forma): 8.70%

Price/SF: $266

Building SF: 2,062

Lot SF: 5,850

Zoning: LAR2

Year Built: 1905|1913

Description​​

  • UNIQUE OPPORTUNITY TO ACQUIRE A RESIDENTIAL INCOME PROPERTY IN BOYLE HEIGHTS 

  • 2 HOMES ON ONE LOT!

  • 2,062 TOTAL SQUARE FEET 

  • VERY WALKABLE & MOSTLY RESIDENTIAL AREA

  • EASY ACCESS TO ARTS DISTRICT, DTLA, SILVER LAKE & ECHO PARK, NORTHEAST LA, ETC.

  • FRONT HOUSE IS DIVIDED INTO 2 UNITS. REAR HOME HAS 2 FRONT DOORS. 

  • RENTS ON REMODELED APARTMENTS ARE ASTONISHINGLY HIGH RIGHT NOW - NEW BUYER CAN VACATE UNITS, REMODEL, AND RE-RENT!

  • CAN BE SOLD TOGETHER WITH 2743 BOULDER & 311 FICKETT OR SEPARATELY 

 

Location

Highly sought-after Boyle Heights location. The income property sits on a primarily residential street near Cesar Chavez Ave and many other notable destinations. Whether it's Guisados or El Tepeyac, Boyle Heights is home to many restaurants and local favorites. There are many nearby employment centers and colleges to keep vacancy low. The subject properties are close to the 10, 5, and 60 Freeways. Through its ease of access, owners and tenants alike can commute via car or public transportation to and from DTLA, Arts District, Northeast LA, Echo Park and the rest of Los Angeles.

Property Highlights

  • 2 Units | 2,062 SF | 5,850 SF Lot

  • Two (2) Structures 

  • (1) 3BD+1BA & (1) 2BD+1BA 

  • 3BD Unit is 1,129 SF Avg & 2BD Unit is 933 SF.

  • Built in 1905 & 1913 | Zoned LAR2 

Please Send Me More Infomation On This Listing
Call Me Today!

Tel: 310.562.9630 

Email: DMendez@kw.com

DRE #: 01746702

IncomePropertiesLA.com

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