3155 E 8th St, Los Angeles, CA 90023

3155 E 8th St, Los Angeles, CA 90023

Los Angeles, CA
$895,000

Property Description

About this home

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.

Key things to know

  • Turnkey four-unit property with four vacant one-bedroom units.
  • Updated electrical panels throughout the building.
  • Eight rear parking spaces with potential to convert to two ADUs.
  • Owner’s unit features a large private patio that can convert to parking.
  • Located in Boyle Heights near transit and Hollenbeck Park.

Property Features

  • Sale Price: $895,000
  • Area Size: 2,018 sq ft
  • Land Area: 5,096 sq ft
  • Year Built: 1961
  • Units: 4

Lyon Stahl Investment Real Estate

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