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Key Details
Sold Price $530,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22252482
Year Built 1958
Lot Size 2,378 Sqft
Property Description
5730 E Beverly Blvd in East Los Angeles consists of two separate buildings. At the back of the property is a two story house consisting of 4 bedrooms and 3 baths with independent access through the alley and a 2-car garage. Situated at the front is the second unit that has been historically rented as a retail space sitting directly on Beverly Blvd. This front commercial unit could be repurposed as office space or as a 1 bedroom residential additional dwelling unit (Buyer Must Verify).
The front unit will be delivered without tenants, the back unit has the potential to be delivered the same way.
This offering presents the opportunity for an investor to add value through repurposing the front unit, or rent the commercial unit as is to command just shy of a 5% cap at the offered price. The deal has great potential for an owner-user alike.
This asset is situated off of route 60 Pomona Freeway; one mile away from East Los Angeles College; and less than two miles away from the 24 million dollar 3rd and Dangler Project, a 78 unit transit oriented development project that will provide residents of East Los Angeles better access to public transportation, connecting them to job opportunities in downtown Los Angeles and the San Gabriel Valley.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LCC3*
Interior
Laundry Washer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Urban
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with Alex Colombo • Lyon Stahl Investment Real Est