1230 N Evergreen Avenue, Los Angeles, CA 90033 - Berkshire Hathaway HomeServices California Properties

1230 N Evergreen Avenue, Los Angeles, CA 90033

$1,995,000 Approx. USD 0 beds, 0 baths

Listing Agent


Sagiv Rosano | Srosano@rosanocapitalpartners.com
Lic#: 01380809
Broker: Courtesy of Rosano Partners

Agent Remarks

Outstanding investment opportunity in the heart of Boyle Heights! This well-maintained 8-unit apartment building, built in 1948, boasts strong current income and significant value-add potential. All 2-bedroom, 1-bathroom units average 754 SF with potential to increase income to market rent. Additionally, a feasibility study and preliminary architectural plans for 2 additional ADU's have been performed, allowing for a total of 10 units. These are new construction units proposed to be ADUs over the parking area and simultaneously satisfy retrofit requirements. Perched on a 9,293 SF lot, this property enjoys hillside views, extensive parking provided by 22 spaces, and a strategic location ideal for families. This property is a rare opportunity to capitalize on the strong Boyle Heights rental market and achieve robust long-term returns.

Listing Details

Property type: (Commercial)
Status: Active
MLS# 24465973
Price: $1,995,000
HOA Fee is $0.00
Built in 1948
0.21 acres
Lot size: 0.2134
County: Los Angeles
Zoning: LAR2
MLS area: BOYH - Boyle Heights

Last Updated: 12/5/2024

 Days On Market (DOM): 237

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This listing belongs to the BOYH - Boyle Heights MLS area

Lat/Long: 34.053660, -118.194481.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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