1230 N Evergreen Avenue, Los Angeles, CA 90033
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Listed Price :
$1,995,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1948
Property Description
Outstanding investment opportunity in the heart of Boyle Heights! This well-maintained 8-unit apartment building, built in 1948, boasts strong current income and significant value-add potential. All 2-bedroom, 1-bathroom units average 754 SF with potential to increase income to market rent. Additionally, a feasibility study and preliminary architectural plans for 2 additional ADU's have been performed, allowing for a total of 10 units. These are new construction units proposed to be ADUs over the parking area and simultaneously satisfy retrofit requirements. Perched on a 9,293 SF lot, this property enjoys hillside views, extensive parking provided by 22 spaces, and a strategic location ideal for families. This property is a rare opportunity to capitalize on the strong Boyle Heights rental market and achieve robust long-term returns.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
1230 N Evergreen Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90033 |
| County |
Los Angeles |
| Listing Agent |
Sagiv Rosano DRE #01380809 |
| Courtesy Of |
Rosano Partners |
| List Price |
$1,995,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
9,296 |
| Year Built |
1948 |
Listing information courtesy of: Sagiv Rosano, Rosano Partners. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 5:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
