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Discover a rare value-add opportunity in the heart of Los Angeles at 1822 Bridge Street, a well-located 10-unit multifamily asset offering immediate upside and long-term potential. Built in 1965, this 6,863 SF building sits on a 7,566 SF LARD1.5-zoned lot, giving buyers room to explore ADU expansion or future redevelopment (buyer to verify). Priced at just $2,230,000, the property pencils with a compelling 7.00% cap rate and 9.75x GRM, making it an attractive option for both seasoned operators and new investors looking for cash flow and growth. Major capital improvements have already been made such as new roof, new copper plumbing lines, new retrofit for tuck-under parking, as well as two(2) of the three vacant units having already been completely renovated. The unit mix delivers strong fundamentals: 5 two-bedroom units, 4 one-bedroom units, and 1 studio, with several units to be delivered vacant at close of escrow. This setup is ideal for repositioning, renovation, or capturing market rents right away. Utilities are separately metered for gas and electricity, helping streamline expenses. At $223,000 per unit and $325 per square foot, this property stands out as one of the more efficient multifamily plays in the area.
| DAYS ON MARKET | 73 | LAST UPDATED | 1/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1965 | COMMUNITY | BOYH - Boyle Heights |
| GARAGE SPACES | 10.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | BOYH - Boyle Heights |
|---|---|
| GARAGE | Yes |
| LOT | 7553 sq ft |
| LOT DIMENSIONS | 7554 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Water Connected |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/19/26 1:26 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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