3155 E 8th ST Los Angeles, CA 90023
5,096 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26092673
HOA Y/N No
Year Built 1961
Lot Size 5,096 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5190011024
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, FHA
Listing Terms Cash, Cash to New Loan, Conventional, Contract, FHA
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953