$699,000
- Beds
- 4
- sq ft
- 3,884
2857 Cincinnati St, Los Angeles, CA 90033
2857 Cincinnati St
Los Angeles, CA 90033
- 56 days on market
Prime Investment Opportunity in Boyle Heights. Just in Time for the Holidays! Don't miss this rare chance to own a historic 4-unit complex in one of Boyle Heights' most promising neighborhoods. Built in 1924, this property boasts 3,884 sq. ft. of living space, featuring four oversized 1-bedroom, 1-bath units, each approximately 984 sq. ft. The units are well laid out, with two located on the ground floor and two on the upper level, each including a dedicated laundry room.Situated on a spacious corner lot just under 5,900 sq. ft., this property offers incredible potential for value-add opportunities. Explore the possibility of adding 2 to 4 additional units (subject to city approval) or reconfiguring the existing floor plans to create 2-bedroom units upon vacancy. Boyle Heights is recognized as a rapidly growing and desirable neighborhood, making this property a strategic investment for long-term returns. For context, the property next door sold for $1,900,000 after being redeveloped in 2020 into a 3-unit complex showcasing the area's potential for lucrative asset repositioning. This is a once-in-a-lifetime opportunity to capitalize on the future of Boyle Heights. Act now and make this historic property yours for the holidays!
Details
Property type
Lot size
5,897 sq ft
Price per sq ft
$180
Year built
1924
HOA
No
Price History
01/16/2025
CLAW #24462767
Listed
$699,000
12/19/2024
CLAW #24462767
Pending
$699,000
09/25/2024
CLAW #24462767
Listed
$699,000
+8.37%
Schools & Community
Neighborhood:
Boyle Heights
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 01/30/2025 at 5:35 PM
Listing updated: 01/21/2025 at 3:35 PM
Listed by: Alexander Trevino, Trevino Properties Inc. Phone #: (323) 302-8400
MLS: CLAW #24462767
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