650 S Indiana St, Los Angeles, CA 90023

Property Description

Excellent opportunity to own a versatile three-unit property on a large nearly 8,000 sq ft lot in the centrally located Boyle Heights / East Los Angeles neighborhood. The property features two front units, each offering 1 bedroom and 1 bathroom, along with a separate 3-bedroom, 1-bath home in the rear, creating a great opportunity for an owner-occupant to live in one unit while generating rental income from the others. The rear home includes a bonus office room, private laundry room, and its own private backyard, providing additional comfort and flexibility. The property also features a detached two-car garage, which may offer ADU conversion potential, creating the possibility of adding a fourth unit for additional rental income (buyer to verify). Situated on a spacious lot with ample parking, this property offers both immediate income and future upside. Conveniently located minutes from Downtown Los Angeles, the Arts District, and major freeways, making it an attractive location for tenants and commuters alike. Whether you're an investor looking to add value or a buyer seeking to live in one unit while building long-term wealth through real estate, this property offers excellent potential in a prime central Los Angeles location!