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Prime Investment Opportunity, this Spanish-style multifamily property has been meticulously maintained by the same ownership for over 30 years and features high vaulted-ceiling units with exceptional light and architectural character. The property presents a strong value-add opportunity with over 56% rental upside, driven by extremely large unit layouts, including select units exceeding 1,000 square feet, allowing for the potential addition of extra bedrooms, conversion to true two-bedroom units, and incorporation of in-unit laundry to significantly increase rental income. There is also additional 4 individual garages and additional space behind garages that lend perfectly to potential multiple ADU's build. Located in Boyle Heights submarket of Los Angeles, the asset is surrounded by major employment centers and lifestyle amenities such as Union Station, Crypto.com Arena, the Arts District, Financial District, USC Keck School of Medicine, Little Tokyo, Chinatown, and Monterey Park Golf Club. Additional upside includes the potential to reduce property taxes through the Mills Act (buyer to verify eligibility), the opportunity to implement RUBS to reduce operating expenses (buyer to verify), and one unit can be delivered vacant at close of escrow, providing immediate repositioning flexibility. Seller financing may potentially be available, subject to mutually agreeable terms.
| DAYS ON MARKET | 55 | LAST UPDATED | 1/21/2026 |
|---|---|---|---|
| YEAR BUILT | 1931 | COMMUNITY | BOYH - Boyle Heights |
| GARAGE SPACES | 4.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | BOYH - Boyle Heights |
|---|---|
| FIREPLACE | Yes |
| GARAGE | Yes |
| LOT | 6364 sq ft |
| LOT DIMENSIONS | 6363 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer 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 3/17/26 7:07 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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