2 bedroom house for sale
$1,150,000 - Los Angeles CA 90023Los Angeles CA 90023
2 bedroom house for sale
- Beds: 2
- Baths: 2
- Price: $1,150,000
- Reference No.: 69077252
- Area: 3,524 sqft
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Overview
This mixed-use property features a blend of both commercial and residential spaces, making it an attractive prospect for investors seeking a diverse income stream and future growth potential. Boasting a generous lot size of 5, 948 square feet, the property comprises two separate buildingsa 2, 660-square-foot commercial market with a secure five-year lease and a 864-square-foot 2-bedroom/1-bath residence currently on a month-to-month tenancy. The commercial market provides a stable income with a remaining five-year lease, offering investors a reliable return at an attractive 7% cap rate. Meanwhile, the residential unit adds flexibility, allowing for owner occupation, rental, or potential conversion opportunities. This property presents a unique house-hacking opportunity by combining a commercial unit with residential space, allowing owners to live in one while generating income from the other, effectively offsetting living expenses. Priced at $500 per square foot for the residential component, this property is positioned competitively in the market. Its strategic location, with easy access to major transportation routes and proximity to downtown LA, further enhances its appeal. This investment opportunity not only provides immediate returns but also offers a diversified portfolio with long-term appreciation potential. Don't miss the chance to explore the possibilities of this mixed-use gem in Boyle Heights. Contact us today to seize this unique investment opportunity. Developer? Tier 2 TOC bonus available. Available separately or concurrently with neighboring property. For more details and to contact: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69077252Advertisement
House Los Angeles
This House for sale is located at Los Angeles CA 90023. The home has 2 Bedroom and 2 Bathrooms. This 2 bedroom House in Los Angeles CA is for sale for $1,150,000 .
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2024-03-08, Viewed 0 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-08, Viewed 0 times.
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