2837 Ganahl Street, Los Angeles, CA 90033
List Price: $499K
Listing Status: Active
0Days on Market: 0
5 Bedrooms · 2 Bathrooms · 1,588 sq ft
Property Type: ResidentialIncome
Year Built: 1923
Lot Size: 7,340 sq ft
MLS Number: 26842807
About This Property
Offered at an attractive basis, this duplex presents investors with a compelling value-add opportunity in the heart of Boyle Heights. The property features a 2+1 house, 3+1 house, and a vacant owner's garage. There is approximately 39% rental upside, allowing for a projected increase from a 5.08% current cap rate to an 8.23% pro forma cap rate, while generating substantial growth in cash flow. Situated on a sizable 7,340 SF R2-zoned lot, the asset offers the potential to add ADUs and significantly increase density (buyer to verify). Additional value is created through the vacant owner's garage, which may provide future development or income-generating opportunities, while onsite parking for every tenant enhances long-term tenant appeal and occupancy. Combined with a basis well below recent area duplex sales, the property offers a rare opportunity to acquire a cash-flowing asset with multiple paths to future value creation. ***PLEASE NOTE: PROPERTY TO BE DELIVERED FULLY OCCUPIED***
Listing provided by: Kian Maronde DRE #01952189 818-212-2700 Kmaronde@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26842807
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.