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Los Angeles, CA 90022,5730 E Beverly BLVD
Los Angeles, CA 90022,5730 E Beverly BLVD
Los Angeles, CA 90022,5730 E Beverly BLVD
$530,000
Est. payment /mo
$645,000
17.8%
Est.Price: ?

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2,378 Sqft Lot
SOLD DATE : 05/12/2023

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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California Regional MLS (CRMLS)
Listed by Alex Colombo • Lyon Stahl Investment Real Est • 310-978-7950
Bought with Alex Colombo • Lyon Stahl Investment Real Est
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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