We are pleased to present a seven (7) unit apartment building located at 2015 East 2nd Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location, south of 1st Street and west of South Soto Street. Built in 1923, this property contains a streamlined unit mix of seven (7) one-bedroom / one-bathroom units. The large 8,888 square foot lot features bungalow style units with brand new windows and limited on-site parking and Tier 3 TOC development incentives. Additional dedicated street parking can be found along Cummings Street. Four (4) units are detached buildings and three (3) units are attached. The property is gated, secure, and located in a residential pocket just 2.5 miles away from Downtown. Construction and development is happening all around the immediate area, demonstrating the strength of the neighborhood. Tenants will love the quick commute to all parts of Los Angeles with easy access to public transportation less than half a mile away at Soto Station. Private commuters will also appreciate the short driving distance to the -10, -101, -60, and -5 freeways. Outdoor recreation is available just down the street at Hollenbeck Park which features grassy knolls, picnic areas, playgrounds, a skatepark, and a man-made lake. Situated in a prime Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential on a large 8,888 square foot lot in a major transportation hub for Los Angeles.
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