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$1,019,999

Beds
Unknown
sq ft
5,216

2120 Sheridan St, Los Angeles, CA 90033

2120 Sheridan St

Los Angeles, CA 90033

  • 82 days on market
Welcome to this absolutely stunning 5 unit income producing property for sale in prime Boyle Heights, this offering presents an excellent opportunity for any investor to capitalize on positive initial cash flow while having the ability to add value for strong rental upside in one of the most gentrifying markets of Los Angeles. Perfectly located on a corner lot with private alley access allows you truly appreciate this amazing setup. You have a 4 unit building consisting of four 2 bed 1 bath units over 1,000 sqft each and a separate detached 3 bedroom 2 bath single family home with it’s own two car garage giving you the ability to convert into an ADU and increase the value. All 5 units are individually metered and the single family home has its own water meter as well making it two water meters for the property. You have the potential for major upside while collecting very healthy rents. You generate up to $14K in rents a month, huge upside! Located in a very desirable location, within walking distance to shopping centers, restaurants, USC Medical Center, White Memorial Hospital, DTLA and much more. Tenants will love the convenience of being within walking distance to Soto Station, as well as a plethora of other rapidly developing amenities in the area that are driving ongoing growth and increased demand. Easy access to major freeway's such as the 5 and 10 and 101 FWY. Boyle Heights is a mix of history and trendy coffee shops, restaurants, art and music. The signs of gentrification are clear as new development and companies moving into the area. This will not last!

Details

Property type

Mixed Use

Lot size

6,926 sq ft

Price per sq ft

$196

Year built

1963

Price History

04/10/2024
CRMLS

CRMLS #PW24071520

Listed
$1,019,999

Schools & Community

Neighborhood: 

Boyle Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks

Status: Active

Tomo last checked: 07/01/2024 at 8:15 AM

Listing updated: 05/23/2024 at 3:50 PM

Listed by: Andrew Munoz, Keller Williams Pacific Estate Phone #: (562) 513-7800

MLS: CRMLS #PW24071520

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