$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](/_next/static/media/crmlsLogo.7699ca4d.png)
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
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
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
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