2028 Pennsylvania Ave - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$2,195,000 USD
310-595-5815
2028 Pennsylvania Ave, Los Angeles, CA for Sale
$2,195,000 USD
Apartments - FOR SALE
1/21
null | 6.52% Cap Rate

2028 Pennsylvania Ave
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Excellent unit mix ,Value Add, Parking. With 30% upside in rents, Remodeled Units, Low GRM, High Cap

OVERVIEW

Prime 12-Unit Investment Opportunity in Boyle Heights ! An exceptional opportunity to acquire a 12-unit multifamily property in the heart of Prime Boyle Heights! Situated on a huge corner lot, this investment features three buildings, one 10-unit building and two standalone units, offering an excellent unit mix with strong rental demand. With 30% upside in rents, this property presents a tremendous value-add opportunity for investors. Seven units have already been fully remodeled, featuring new flooring, modern kitchen cabinets, upgraded appliances, and more. The remaining units provide the potential for additional renovation and increased rental income. Located in an A+ location, this asset benefits from strong tenant demand, proximity to major employment hubs, and easy access to public transit, freeways, and vibrant neighborhood amenities. Don't miss this rare chance to own a high-potential investment in one of Los Angeles' most dynamic rental markets!

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

12

PRICE/UNIT

$182,917

CAP RATE

6.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

LARD1.5

APN/PARCEL ID

5183-007-041

ASK ABOUT THIS PROPERTY

Maria SamouhaColdwell Banker Commercial RealtyMore Info
310-595-5815

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Maria SamouhaColdwell Banker Commercial RealtyMore Info
310-595-5815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.