405 S Boyle Avenue, Los Angeles CA, 90033
(Active)
$5,000,000
|
10,469 sqft
|
MLS# WS24044585
Last Updated: 5/8/2024 7:08 AM
Description for
405 S Boyle Avenue
Los Angeles, CA 90033
An incredible investment opportunity awaits you in the heart of Boyle Heights! This offering comprises 16 units and 3 retail spaces, providing a panoramic view of Downtown Los Angeles and the iconic 6th Street Bridge. The structures, encompassing a total of 10,469 square feet, are strategically positioned on approximately 18,736 square feet of land. Conveniently situated at the corner of 4th Street and Boyle Avenue, the property boasts high visibility.Of the 16 units, 15 feature a 1 bed/1 bath configuration, while one unit stands out with 3 beds/2 baths. Notably, the City of Los Angeles has completed earthquake retrofitting on the property as of June 20, 2023.This prime location offers more than just physical appeal; it's a strategic investment for those seeking entry into the commercial real estate market and development. The property's accessibility is enhanced by its proximity to major freeways, including I-5, I-10, 101, and 60, making it a highly desirable asset. Don't miss out on this golden opportunity to own a piece of Boyle Heights' thriving real estate landscape!
Price
$5,000,000
Los Angeles
10,469 (approx)
WS24044585
Active
Description
An incredible investment opportunity awaits you in the heart of Boyle Heights! This offering comprises 16 units and 3 retail spaces, providing a panoramic view of Downtown Los Angeles and the iconic 6th Street Bridge. The structures, encompassing a total of 10,469 square feet, are strategically positioned on approximately 18,736 square feet of land. Conveniently situated at the corner of 4th Street and Boyle Avenue, the property boasts high visibility.Of the 16 units, 15 feature a 1 bed/1 bath configuration, while one unit stands out with 3 beds/2 baths. Notably, the City of Los Angeles has completed earthquake retrofitting on the property as of June 20, 2023.This prime location offers more than just physical appeal; it's a strategic investment for those seeking entry into the commercial real estate market and development. The property's accessibility is enhanced by its proximity to major freeways, including I-5, I-10, 101, and 60, making it a highly desirable asset. Don't miss out on this golden opportunity to own a piece of Boyle Heights' thriving real estate landscape!
Listing Information
| Property Type: Retail, Mixed Use, Business Opportunities, 2 Story | ||
| 0.43 Acres | Assessor | 10,469 (approx) |
| 1928 | 2 | Shingle |
Public
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
2 Total
Neighborhood
Room Information
Common Area,Laundry Room
Interior Features
Dryer,Washer
None
Other,
Wall Furnace
Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)
Exterior / Lot Features
0 Covered Parking Spaces,
Shingle
LAC2
Chain Link,Electric
16-20 Units/Acre,Corner Lot,Near Public Transit
Community Features
Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)
Driving Directions
Cross Streets: 4th and Boyle Avenue
Financial Considerations
| 5174002013 |
Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90033 has a population of 3,956,168.
The median household income in Los Angeles, California 90033 is $42,089. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90033 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/7/2024 | Active | $5,000,000 USD |
|