$ 500,000
3207 East 2nd Street Los Angeles, CA 90063
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Alin Glogovicean • Redfin Corporation
$ 500,000
Est. payment /mo
Price Dropped by $49K
3207 East 2nd Street Los Angeles, CA 90063
2,125 SqFt
UPDATED:
11/24/2024 06:16 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,125 sqft
Price per Sqft $235
MLS Listing ID BB-24220777
Year Built 1909
Lot Size 4,802 Sqft
Property Description
Boyle Heights Triplex - Exceptional Investment Opportunity. Presenting a remarkable investment opportunity in the heart of Boyle Heights, this well-maintained triplex features 3 spacious one-bedroom, one-bathroom units, each currently rented at rates significantly below market value. This property offers a unique chance for investors seeking to capitalize on the untapped potential of the area while enjoying steady rental income. Nestled in a quiet, residential neighborhood of Boyle Heights, this triplex is strategically situated to benefit from the ongoing revitalization and growth in the region. The property is conveniently located near major transportation routes, local amenities, and vibrant community features, making it an attractive option for tenants seeking both comfort and accessibility. Each unit boasts a well-designed floor plan that maximizes space and functionality. The one-bedroom layout provides ample living space, a comfortable bedroom, and a full bathroom. The existing rental agreements reflect a long-term commitment from tenants, ensuring immediate cash flow while presenting the opportunity for future rent adjustments. One of the standout features of this triplex is the significant upside potential. With all units currently rented at rates below the market average, there is an immediate opportunity to increase rental income through strategic property management or upgrades. Investors can explore options such as cosmetic improvements or amenities enhancements, which can further elevate the property's value and appeal. The property is located in a serene and well-established neighborhood, providing a peaceful environment for residents. This tranquil setting is a major draw for prospective tenants, contributing to a high demand for rental units in the area. The community is also enriched by local parks, schools, and cultural landmarks, enhancing the overall living experience. Don't miss your chance to invest in a property that combines immediate income with the promise of future growth. Schedule your private showing today to explore the possibilities this triplex has to offer.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Interior Features Ceramic Counters, Storage, Tile Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplaces Type Dining Room
Inclusions Cabinets, Storage Shelves, Lighting Fixtures,
Laundry None
Exterior
Garage Gated
Garage Spaces 2.0
Pool None
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description Walkstreet
Sewer Public Sewer