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127 Rivera ST
LOS ANGELES, CA 90063


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Property Remarks

Built in 1963, the subject property boasts an excellent unit mix, containing all two bedroom and one bath units.. The wood-frame stucco building was constructed in 1963 and consists of 6,048 SF of living area situated on a 7,500 SF lot. Some of the building amenities include an onsite laundry facility, wall A/C and (8) onsite parking spaces. This property is individually metered for electricity and gas. Located a few miles from LA Live and the Staples Center - this property offers a buyer the opportunity to purchase an excellent condition property in Boyle Heights, a rapidly gentrifying submarket adjacent just to the East of Downtown LA. The subject property is located on Rivera Street and is approximately 1/2 mile east of Soto Station, a light rail subway station in the Los Angeles County Metro Rail system. The station is served by the Gold Line. The Gold Line is a 31-mile light rail line running from Azusa to East Los Angeles via Downtown Los Angeles serving several attractions, including Little Tokyo, Union Station, the Southwest Museum, Chinatown and the shops of Old Town Pasadena.

Property Details

MLS#
PW17222274MR
Days on Market
51
Year Built
1963

Location

State
CA
County
Los Angeles
Area
Other

Presented By:

Listing provided courtesy of Paul Espinosa , Morgan Skenderian


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Laundry
Laundry Area

Additional Property Details

Gross Operating Income
$107,088
Total Expense
$39,868
ADA Compliance
No

Community Features
Sidewalks

East and North East Los Angeles

Some of the older neighborhoods outside of the city cluster in this area which has seen development and gentrification in recent years as hip urban dwellers mix with existing communities and traditions to create vibrant neighborhoods.

One of the older neighborhoods on the Eastside of Los Angeles, Boyle Heights combines history with a thriving Latino community. Close to downtown and rich in tradition, this area is considered one of the areas primed for development. As one of the more established neighborhoods on the Eastside, Boyle Heights is full of older homes including both single-family and multi-family residences for sale.

Catching the wave of hipster living that spread from Los Feliz and Silver Lake, Highland Park offers hip, urban style with a touch of history that comes from being one of the older neighborhoods in Los Angeles. Highland Park is fuller of older homes including both single-family and multi-family residences for sale. Craftsman and bungalow homes as well as Spanish-style homes are popular here.

Named for a large rock outcropping with the image of an eagle in flight, Eagle Rock is near to downtown Los Angeles but has the appeal of a quiet college town. The area first began to boom in the 1920s as people migrated west from Pasadena and there are a large number of Craftsman and Spanish-style homes and bungalows in the area. 

Surrounding areas include Glassell Park, Mount Washington, Lincoln Heights, El Sereno, Cypress Park, East Los Angeles, and Montecito Heights. 

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