2 Homes on One Lot in Boyle Heights
2729 Boulder Street
# of Units: 2
GRM (Pro Forma): 9.34
CAP Rate (Pro Forma): 8.70%
Building SF: 2,062
Lot SF: 5,850
Year Built: 1905|1913
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
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.
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