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7,000 Sqft Lot
$ 1,400,000
Est. payment | /mo
7,000 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25028458
HOA Y/N No
Year Built 1924
Lot Size 7,000 Sqft
Property Sub-Type Apartment
Property Description
2415 Malabar Street is an 8-unit apartment building located in the highly sought after Boyle Heights neighborhood of Los Angeles. Situated a mile away from Keck Hospital of USC and a short drive to Downtown Los Angeles, tenants are within close proximity to major employment hubs. In addition, tenants have easy access to the Arts District which provides an eclectic and bustling nightlife.
The opportunity consists of four (4) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit separately metered for gas and electricity. The layout of each unit is relatively large – it spreads across 6,776 rentable square feet on a R3 zoned lot. In addition to its great location and large floor plan, the rents are currently 30% below market. This means a buyer will have the opportunity to purchase a property at a low basis with room for rent growth in the foreseeable future.
The opportunity consists of four (4) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit separately metered for gas and electricity. The layout of each unit is relatively large – it spreads across 6,776 rentable square feet on a R3 zoned lot. In addition to its great location and large floor plan, the rents are currently 30% below market. This means a buyer will have the opportunity to purchase a property at a low basis with room for rent growth in the foreseeable future.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR3
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Garden
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5177021018
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Andres Diaz • Keller Williams Realty • 3233762469
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