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926 S Ford BLVD Los Angeles, CA 90022
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Key Details
Sold Price $1,060,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $377
MLS Listing ID 24380539
Sold Date 08/01/24
Bedrooms 6
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1973
Lot Size 5,458 Sqft
Property Description
We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site parking available. Built in 1927, 1050 S Bonnie Beach Place contains a incredible unit mix of two (2) two-bedroom / one and a half-bathroom units and one (1) three-bedroom / one and a half-bathroom unit. There is positive initial cash flow at a 7.26% cap rate on current numbers. Additionally, there is potential to convert the carports into multiple ADU unit(s). Built in 1973, 926 S Ford Boulevard contains a streamlined unit mix of three (3) two-bedroom / one and a half-bathroom units with a bonus den. There is potential to convert the carports into multiple ADU unit(s). Situated in an ideal East Los Angeles / Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire up to three (3) triplexes all within a few miles of each other.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCP*
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Appliance Refrigerator
Exterior
Garage Covered, Detached Carport, Uncovered
Pool None
Community Features Gated
Porch Open, Patio
Attached Garage No
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped, Rectangular Lot
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5246005028
Security Features Gated Community
Special Listing Condition Standard
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Bought with MAURICIO SANCHEZ • RE/MAX MASTERS