2731 Whittier Blvd, Los Angeles, CA 90023

Property Description

We are pleased to present for sale this excellent investment opportunity in one of LAs most up and coming locations Boyle Heights! Minutes to DTLA's Art's District - this mid-century investment opportunity is a (6) unit building with (2) units VACANT and boasts a robust unit mix of 100% (2) Bedroom and (1) Bathroom Units. With the (2) vacant units at market rate, the investment is only 13.26 GRM, 5.01% Cap Rate, $191K per unit and yields a Cash-on-Cash return of 4.7% with only 40% down-payment. Take advantage of LA City's ADU program and add one to this property provided its lot size is 6,984 SF zoned (Q) C2-1-CUGU (Buyer to Verify feasibility) and capitalize on an up-side potential of more than 50% with significant in-place returns! Strategically located just blocks from the famous retail corridor of Cesar Chavez and within minutes to the Art's District in DTLA - 2731 Whittier Blvd provides tenants a walk score of (81), where most errands can be accomplished on foot, and a Good Transit score of (62) having many nearby public transportation options. (Q) Condition The use of the subject property shall be limited to the existing development. Such development may be reconstructed in the event of accidental destruction. Upon the abandonment of the existing development, the property may thereafter be used for the uses at the density permitted in the C1.5-1 Zone. EMAIL FOR OM - DRIVE BY ONLY - DO NOT DISTURB TENANTS.