Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

6

Building size

3,531 sqft

Lot size

8,243 sqft

Year built

1902

Stories

2

Garage spaces

0

Pool

None

View

None

Status

Active

Days on market

140

MLS #

240516808

About this property

Discover an investment opportunity in the desirable Lincoln Heights neighborhood of Los Angeles? This huge lot property has been home to long-term, stable tenants, offering consistent occupancy and income. This multi-unit property features a total of 6 units across two separate dwellings with total of 7 bedrooms and 6 bathrooms, offering flexibility and long-term potential upside for savvy investors. With strategic management and thoughtful improvements over time, investors can capitalize overall property value. The property’s setup and location, also make it especially attractive for those looking to implement a long-term investment strategy. The front building is the original which has 3 units, the rear two levels building which was added in the 1950s has 3 units as well. Ideally located near major landmarks and employment hubs, the property is just minutes from LAC+USC Medical Center, Chinatown, and Dodger Stadium, with Downtown Los Angeles nearby. Tenants benefit from convenient access to major freeways, public transportation, dining, shopping, and entertainment.

Location

2333 Eastlake Avenue

Los Angeles, Los Angeles, CA, 90031