$895,000/mo

3155 E 8th Street, Los Angeles, CA 90023

2,018 sqft

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1961
5,097sqft lot
—— car garage
$444/sqft
Listed 2 days ago

Property Description

3155 E 8th St is a 4-Unit Turnkey property to be delivered FULLY VACANT by close of escrow. 3155 E 8th St presents a unique opportunity in the heart of Boyle Heights, with updated electrical panels. It includes four spacious 1-Bed/1- Bath units, all delivered vacant, offering a prime opportunity for an investor or owner-occupier. The property features 8 uncovered parking spaces in the rear can be converted to two stacked ADUs. With this addition, the cap rate will jump from an already attractive 8.02%, offering substantial returns. Built in 1961, this asset is a cash cow with the ability to stabilize and generate significant cash flow. For owner-users, it’s a perfect opportunity to occupy one unit, have the additional three units cover your mortgage. The "owner's unit" features a large private patio that can be converted into additional parking as well. Located in the heart of Boyle Heights, a vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. It is in close proximity to the train line stop and within walking distance of Hollenbeck Park, restaurants, bars and nightlife.