1612 Pennsylvania Avenue, Los Angeles, CA, 90033

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$1,175,000
44 Days On Site

1612 Pennsylvania Avenue
Los Angeles, CA 90033

Quadruplex|Pending
0
Beds
0
Total Baths
3,387
SqFt
$347
/SqFt
1972
Built
County:
Los Angeles
Listed by Kristopher German of RE/MAX 2000 REALTY kris@theapartmentdealer.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
1612 Pennsylvania Avenue1612 Pennsylvania Avenue1612 Pennsylvania Avenue1612 Pennsylvania Avenue
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Monthly Payment (Est.)

$5,361
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Just Listed! Outstanding value-add opportunity to acquire a 4-unit multi-family property in Boyle Heights, offering a rare combination of immediate vacancy and strong day-one cash returns. The property is currently operating at a 6.28% CAP Rate and 11.57 GRM, with three of the four units to be delivered vacant, allowing investors to lease at current market rents from the outset and maximize thier cash flow. Built in the 1970s, the property features a highly desirable and diverse unit mix consisting of a detached single-story 2-Bedroom/1-Bath cottage, one 2-Bedroom/2-Bath unit with a den, and two 2-Bedroom/1-Bath units, totaling approximately 3,385 rentable square feet on a 7,486 sq. ft. lot. Residents enjoy the privacy of a gated entry along with onsite garage parking, while ownership benefits from an efficient operating structure with tenants paying ALL utilities, including electricity, gas, trash and water! Adding to the property's long-term value is the potential to convert the standalone garage into an ADU (buyer to verify), creating an additional opportunity to increase future income. Conveniently located near the I-10, I-5, and 101 Freeways, the property offers excellent access to Downtown Los Angeles, major employment centers, shopping, dining, and public transportation. With three vacant units, excellent cash-on-cash return potential once leased at market rents, and additional ADU upside, this is a compelling opportunity for investors seeking immediate value creation in one of Los Angeles' strongest rental markets.

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Listing Snapshot
Price 
$1,175,000
Days On Site 
44 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,387 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1719 Acres
Year Built 
1972
MLS® Number 
CV26171813
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoStatus changed to Pending
3 weeks agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1719
Garage 
Yes
Garage Spaces 
2
Land Lease 
No
Levels 
OneTwo
Number Of Stories 
2
Parking 
AssignedPavedGarage Faces Rear
Parking Spaces 
4
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3387
Utilities 
Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
LARD1.5
Interior Features
Cooling 
Wall/Window Unit(s)
Fireplace Features 
None
Laundry Features 
None
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Exterior Features
Fencing 
Block
Pool Features 
None
Roof 
Shingle
Spa Features 
None
View 
None
Waterview 
None
Community Features
Community Features 
Street LightsSidewalks
MLS Area 
BOYH - Boyle Heights
Building Access 
1


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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