731 S Boyle Avenue, Los Angeles, CA 90023
- $969,000
- 6
- BD
- 4
- BA
- 3,200
- SqFt
Listing courtesy of Listing Agent: Armen Sarkissian (Armen@ArmenSark.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
- List Price
- $969,000
- Status
- ACTIVE
- Days on Market
- 222
- Price Change
- ▼ $60,000 1783389759
- MLS#
- 25631433
- Subtype
- Residential Income
- Year Built
- 1916
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 3,200
- Lot Size
- 8,885
- Acres
- 0.20
- MLS Area Major
- Boyle Heights (BOYH)
Property Description
Here's a fantastic opportunity to purchase an existing cash-producing fourplex with plans for an architecturally significant second building on the 8800+ sq. ft. lot. Prime fourplex including previously approved plans for the construction of five additional units in vibrant Boyle Heights. A stone's throw from the iconic 6th street bridge, DTLA Arts District, Hollenbeck Park, public transit, freeways, and local cultural monuments. Existing building is currently a mix of two 2-bedroom units and two 1-bedroom units totalling 3200 interior sq. ft. Plans for the new building include five 1-bedroom units, one being earmarked as a low-income qualifying unit. Separate gas & electric meters for each unit with one main water meter for the existing building. Take advantage of this growing market already in demand with continued growth, making this an ideal investment opportunity.
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Additional Information
- Zoning
- LAR3
- Heating
- Wall Furnace
- Air Conditioning
- Yes
- Stories
- Two Levels
- Levels
- Two
- Parking Features
- On Street
- View
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.