2819 E 3rd St - Apartments FOR SALE


Los Angeles, CA 90033
$1,000,000 USD
818-321-6490
2819 E 3rd St, Los Angeles, CA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/6
null | 3.44% Cap Rate

2819 E 3rd St
Los Angeles, CA 90033


HIGHLIGHTS

  • Prime Boyle Heights Location & Major Value Add Opportunity
  • Attractive Seller Financing Available! 70% LTV 30% Down payment. Seller Financing for 30 years at 3.5%, Fully Amortized for 30 years!
  • Possible ADU Opportunity in Garage Area
  • Ideal Unit Mix 3 One Bed Units and 2 Two Bed Units
  • Close Proximity to Tenant Amenities Such As, Evergreen Park, Public Transportation, Retail and Dining Options Along 1st St.
  • Proforma Cap Rate of 7.4% and 8.7 GRM

OVERVIEW

Located in Boyle Heights, CA, 2819 E 3rd St offers comfort and convenience in a serene cul-de-sac setting. Zoned LAR2, the property features a generous lot size of 6,095 square feet and a substantial 3,348 square feet of building space. Built in 1969, it includes five units: two spacious 2-bedroom, 1-bathroom residences and three cozy 1-bedroom, 1-bathroom apartments. Its proximity to Evergreen recreational park enhances the lifestyle with easy access to outdoor activities. Ideal for investors seeking stability and proximity to amenities, this property in Boyle Heights is a compelling choice for rental income or portfolio diversification. Possible opportunity to add ADUs to property by taking advantage of the new laws and the existing garage space. There is a standalone 5-car garage as well as a tuck-under garage space in the rear of the building (All seismic retrofit work has been completed. Buyer to verify).Attractive Seller Financing Available! 70% LTV 30% Down payment. Seller Financing for 30 years at 3.5%, Fully Amortized for 30 years. 5 year prepayment penalty.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

5

PRICE/UNIT

$200,000

CAP RATE

3.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Add Value in Prime Boyle Heights! 5 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR2

APN/PARCEL ID

5180-013-038

ASK ABOUT THIS PROPERTY

Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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Michael FukushimaTotal Realty GroupMore Info
818-321-6490

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