3733 Bostwick, East Los Angeles, CA 90063
List Price: $1.35M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1926
Lot Size: 5,771 sq ft
Garage Spaces: 4
Private Pool: Yes
MLS Number: SB26166189
About This Property
3733 Bostwick Street presents the opportunity to acquire a partially renovated seven-unit multifamily investment consisting of five legal units and two non-conforming units in the highly accessible City Terrace neighborhood of East Los Angeles. Situated on a 5,771 square foot lot, the property contains approximately 3,810 square feet of rentable building area. Renovations have been completed to 71% of the units, allowing investors to benefit from immediate cash flow while completing the remaining value-add opportunities. Offered at a 7.40% Scheduled CAP Rate and 8.39 Scheduled GRM, the property features an attractive unit mix of two studios, one one-bedroom/one-bath unit, and four two-bedroom/one-bath units, including two non-conforming units. Recent capital improvements include new roofs on two of the property's three buildings, reducing near-term capital expenditures while enhancing the property's long-term appeal. Located just minutes from Downtown Los Angeles, the property is surrounded by a dense infill neighborhood with convenient access to restaurants, nightlife, and major employment centers. Within a 10-minute drive of approximately 40 million square feet of office space and offering immediate access to the 5, 10, 60, 101, and 710 Freeways, 3733 Bostwick Street benefits from strong rental demand driven by exceptional regional connectivity and proximity to one of Southern California's largest employment hubs.
Listing provided by: Brett Lyon DRE #01717818 310-425-9838 Broker@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.