731 S Boyle Avenue, Los Angeles, CA 90023
List Price: $969K
Listing Status: Active
Original List Price: $1.03M
0Days on Market: 189
6 Bedrooms · 4 Bathrooms · 3,200 sq ft
Property Type: ResidentialIncome
Year Built: 1916
Lot Size: 8,885 sq ft
MLS Number: 25631433
About This Property
Here's a fantastic opportunity to purchase an existing cash-producing fourplex with plans for an architecturally significant second building on the 8800+ sq. ft. lot. Prime fourplex including previously approved plans for the construction of five additional units in vibrant Boyle Heights. A stone's throw from the iconic 6th street bridge, DTLA Arts District, Hollenbeck Park, public transit, freeways, and local cultural monuments. Existing building is currently a mix of two 2-bedroom units and two 1-bedroom units totalling 3200 interior sq. ft. Plans for the new building include five 1-bedroom units, one being earmarked as a low-income qualifying unit. Separate gas & electric meters for each unit with one main water meter for the existing building. Take advantage of this growing market already in demand with continued growth, making this an ideal investment opportunity.
Listing provided by: Armen Sarkissian DRE #01242603 626-440-5100 Armen@ArmenSark.com, Berkshire Hathaway HomeServices California Properties
Source: CRMLS, MLS #: 25631433
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.