We are pleased to offer for sale this thirty-two (32) unit multifamily investment offering, located in the City of Los Angeles. This two-story building was constructed of wood frame and stucco on a raised foundation built in 1926 with a square footage of 9,229 on a 6,055-square foot lot. Meticulously landscaped and recently renovated, the subject property represents a very desirable asset in the supply-constrained Boyle Heights sub-market. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of twenty-four (24) bachelor units, six (6) studio units, and two (2) 1+1 units. The investment is subject to the City of Los Angeles rent control regulation.
Listing provided courtesy of
, BRC Advisors
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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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