Property · 2 recorded sales since 2017
Listing Agent: Joel Nass (DRE #01954931) · Listing Office: Figure 8 Realty · Contact: 213-537-0114 · Bought with: Hugo Cervantes · Home Central Realty · MLS #21783002 · Source: CRMLS
3007 E 4thStreet is a mixed-use property located in the up and coming Boyle Height community, featuring 3 residential units and one commercial storefront, 100% occupied and paying rent during COVID. The property was built in 1926 on 5,174 square foot lot with 2,507 square feet of improvements including 2 1 bed+1bath units and 1 2bed+1bath standalone house. One of the one-bedroom units have been renovated and rented at market rate. The two-bedroom house was also recently renovated. Commercial unit lease ends in 2023 with plenty of room for upside for a new tenant. Other nearby amenities such as parks, grocery stores, and local eateries add to the desirability of this location for tenants. Given the rental upside future potential, this is a great investment for both first-time buyers and seasoned investors. High traffic area minutes from the Arts District, DTLA and Gold Line. Located in one of the city rapidly growing markets.
Listing description from the January 2022 sale, as reported to CRMLS.