5 Units on Two Lots Zoned R1.5 in Boyle Heights
Los Angeles, Ca
3551 Siskiyou Street, Los Angeles, CA 90023
This is an incredible opportunity to acquire two parcels consisting of 2 and and 3 units, totaling 5 units in Boyle Heights just east of Downtown LA. All the units are two bedrooms, with two of them vacant, remodeled, and ready to move in. The other three units have long term MTM tenants in place offering a new owner/investor to achieve above market returns in the future. The property is being offered for sale together, but a creative investor can look to separate the two lots and sell them off individually.
The entire property totals 4,102sf and sits on a large 11,225sf lot zoned RD1.5. With several detached garages, there is the potential of adding additional ADU’s for increased cash flow and rental income. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here.
Features and Highlights
- Three Units Currently Vacant & Remodeled.
- Parcel sits on Two Lots zoned R1.5.
- Subject to City of Los Angeles Rent Stabilization.
- Excellent location in Boyle Heights east of Downtown Los Angeles near USC Medical Center, Community Hospital, Commerce, Freeways, Parks & Recreation, and Restaurants & Shops.
- # of Units:5
- Building Size:4,102 SF
- Lot Size:11,225 SF
- Year Built:1914/1929