The Growth Investment Group is proud to offer 352 N Chicago Ave, a 5-unit apartment property in the highly desirable sub-market of Boyle Heights within the city of Los Angeles, California. This property is comprised of two buildings totaling 5,915 square feet featuring three (3) 3Bedroom+2Bathroom units and two (2) 2Bedroom+1Bathroom units. Each unit is extremely large with designated dining area and living room area and both upstairs units have a spectacular view of downtown provided by a private balcony. This investment is a value-add opportunity with one unit currently vacant making it perfect for an investor looking to acquire an apartment property and maximize its income potential. With being situated in the Boyle Heights sub-market of L.A., the investment maintains excellent proximity to Downtown L.A., Arts District, Little Tokyo, and Chinatown as well as enjoying the benefits of a rapidly improving area with limited inventory. The property is conveniently located near Cesar Chavez Avenue in between Soto Street and the 5 FWY close to many amenities such as Mariachi Plaza, Grand Central Market, El Mercadito, Art Walk DTLA, Union Station, Little Tokyo Marketplace and much more. It is within walking distance to White Memorial Hospital of Los Angeles and USC Keck Medical Center while offering superb access to FWY 5, 10, 101, 110 & 710.
The front building has new smooth stucco around the entire building was recently replaced with a new roof as well. The back house prior to recent tenancy had been completely upgraded and rehabbed and contains a privately enclosed yard. Each tenant pays their own utilities such as water, trash, electric, gas and sewer making this investment very easy to maintain.
LOCATION AMENITIES AND ACCESS
The property is in the prestigious city of Los Angeles with all its appropriate amenities, suitable dining and fashionable shopping. The property is situated on Chicago Avenue, a quiet residential street walking distance to White Memorial Hospital nestled in between Soto street and the 5 fwy north of Cesar Chavez and south of the 10 fwy. It’s located in the Boyle Heights sub-market, close to the Arts District, Downtown L.A., Chinatown and Little Tokyo while enjoying all the benefits L.A has to offer.