1230 Evergreen, Los Angeles, CA 90033
Bedrooms: 0
Bathrooms: 0
Area: 0 SqFt.
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.
CA DRE #01870580
6965 El Camino Real 105-690, Carlsbad CA 92009
877.692.8427
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