3155 E 8th Street, Los Angeles, CA 90023
List Price: $895K
Listing Status: Active
0Days on Market: 6
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1961
Lot Size: 5,096 sq ft
Private Pool: Yes
MLS Number: SB26092673
About This Property
3155 E 8th St is a 4-Unit Turnkey property to be delivered FULLY VACANT by close of escrow. 3155 E 8th St presents a unique opportunity in the heart of Boyle Heights, with updated electrical panels. It includes four spacious 1-Bed/1- Bath units, all delivered vacant, offering a prime opportunity for an investor or owner-occupier. The property features 8 uncovered parking spaces in the rear can be converted to two stacked ADUs. With this addition, the cap rate will jump from an already attractive 8.02%, offering substantial returns. Built in 1961, this asset is a cash cow with the ability to stabilize and generate significant cash flow. For owner-users, it’s a perfect opportunity to occupy one unit, have the additional three units cover your mortgage. The "owner's unit" features a large private patio that can be converted into additional parking as well. Located in the heart of Boyle Heights, a vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. It is in close proximity to the train line stop and within walking distance of Hollenbeck Park, restaurants, bars and nightlife.
Listing provided by: Aaron Jacobson DRE #02100737 310-425-9838 aaron@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: SB26092673