Exclusive Listings

Boyle Heights- 2 on a Lot

Address:
2231 Rogers Avenue
Los Angeles , CA 90023
Price:
$599,000
Status:
Sold
Type:
Apartment
# Units:
2
Year Built:
1905 /1946
Building Size:
1,304
Lot Size:
5,044
CAP Rate:
3.08%
GRM:
20.57x
Price/Unit:
$299,500
Price/SqFt:
$459

HIGHLIGHTS

  • Two Houses on a Lot
  • Significant Rental Upside:  Approximately 60% +/-
  • Individually metered for all utilities. Tenants pay all utilities.
  • Booming Boyle Heights location, near intersection of Soto and Whittier.
  • Just off Whittier Blvd, and new 6th St Bridge
  • Close Proximity to Arts District and DTLA.
  • Ability to obtain 30 year financing
  • Potential for Owner Occupancy


SUMMARY

The Growth Investment Group is proud to present this quaint Two on a Lot property in Boyle Heights. The property consists of two Free standing houses with no attached walls and is individually metered for all utilities creating minimal operating expenses and low-cost management. Both properties are currently occupied by long-term tenants and there is considerable rental upside.  Each house has the potential to create its own private yard, or nice common area. This is a great value-add investment for any new property owner, or first-time buyer with an extended family. Rogers Ave is located just off Whittier Blvd and walking distance to the new 6th Bridge that gives direct access to the Arts District and DTLA. This is a great opportunity to acquire a property in a up and coming market, at a very attractive price point. There’s significant upside for the experienced investor and also space for the new family to grow.

*Both houses currently have 2 bedrooms. Zimas lists the property as having one structure with 1 bed / 1 bath and the second structure with no bedrooms or baths listed. Buyer shall satisfy themselves as to all aspects of the property. Property is being sold in as is condition and seller makes no warranties regarding condition or permits on the property.

Marketing Files


Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com


Office:
1487 E Colorado Blvd
Pasadena, CA 91106
By Appointment Only - No Walk-ins
Phone: 626.594.4901
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