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

2

Building size

1,324 sqft

Lot size

6,758 sqft

Year built

1911

Stories

1

Garage spaces

1

Pool

None

Status

Active

Days on market

7

MLS #

247857733

About this property

Rare value-add opportunity in Boyle Heights. This former single-family home has been legally converted to a duplex and is in the advanced stages of a complete, permitted rebuild, including a new foundation, new roof, new plumbing, and fully rewired electrical. The duplex features a 2-bedroom, 1-bath unit of approximately 765 sq ft and a 1-bedroom, 1-bath unit of approximately 558 sq ft. Exterior stucco scratch and brown coats are complete, interior drywall is installed throughout, and both bathrooms are finished, leaving the buyer to complete the final finishes. Additional upside: plans have been drawn for two new ADUs of approximately 700 sq ft each, creating a path to a 4-unit property. The projected as-completed value is approximately $2,000,000. Ideal for investors, builders, or owner-users seeking to finish a nearly complete project and capture significant equity. Close to Downtown LA, USC Health Sciences Campus, the Metro, and major freeways. Buyer to verify all square footage, permits, plans, and values.

Location

1307 Pleasant

Los Angeles, Los Angeles, CA, 90033