2022 2Nd St, Los Angeles, CA 90033
8 Unit Apartment Building | $1,395,000 ($174,375/Unit) | 4.13% Cap Rate | Los Angeles, CA 90033
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,395,000
- Property Type
-
Multifamily
- Square Feet
- 7,000 SF
Listing Contacts
Andrew Loeffler
Verified Profile
- Property Info
Property Overview
A touch of French architecture in great Boyle Heights location with close proximity to bus lines and two light rail locations -Mariachi Plaza and Soto Street. Nearby to Hollenbeck Park which hosts a number of sports and fitness programs, cultural programs, barbecue pits, picnic spots, public bathrooms, and a skate park. Property has front parking access and rear alley access to parking and is fully gated. There is easily room for 8 cars on the property (four open spaces and four covered spaces) and more if small cars doubled up. Lots of extra room for bicycles and motorcycles. Easy access to 10/60/5/110, and 101 Freeways. Each unit is 2 bedroom with one full bathroom and one half bathroom. Separate gas and electric metering paid by tenants. There is a common laundry room on ground floor. Property is relatively newer for Los Angeles and is clean and well maintained. Soft story retrofit completed and signed off by City of LA in 2019. All units occupied. Below market rents represents large upside potential for a new owner. Property is close to White Memorial Hospital, Little Tokyo, The Arts District, USC Health Campus, DTLA, and many more things the great City of Los Angeles has to offer. Manager resides in unit #1 ($600/mo.) explaining why that rent is low. Please don't hesitate to call and ask questions.
Property Details
- Class
- C
- Year Built
- 1968
- Stories
- 2
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 8
Highlights
- Property is close to all type of public transportation and all things Los Angeles has to offer
- Clean, well maintained building with secure parking
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].