Located in the heart of Boyle Heights, 127 S Evergreen Ave offers a rare opportunity to own an income-producing property with a vacant unit at an incredible price point! The property features strong in-place rents of $2,700+ per month, plus a vacant 2Br+1Ba remodeled unit. All units have been… Read More remodeled within the last 10 yLocated in the heart of Boyle Heights, 127 S Evergreen Ave offers a rare opportunity to own an income-producing property with a vacant unit at an incredible price point! The property features strong in-place rents of $2,700+ per month, plus a vacant 2Br+1Ba remodeled unit. Owner pays no utilities, seperate water, gas & electrical meters. All units have been remodeled within the last 10 years and feature 100% copper plumbing, and new electrical panels and meters. The front unit is a spacious 3Br+1Ba of 1,076 SF, and the rear duplex has two appx 680 SF 2Br+1Ba apartments, one upstairs and one downstairs. The rear units have areas for stackable laundry, and there are 3 parking spaces. The property is located between Evergreen Cemetery and Evergreen Recreation Center. Local favorites include Picaresa Barra de Cafe, El Tepeyac Cafe, Otomisan Restaurant, Food 4 Less, El Mercadito, King Taco and more. Boyle Heights is a well loved and tight knit community situated between the 10, 5, 101, and 60 freeways. It's central location to so many freeways, as well at DTLA and the Arts District, is one of it's major appeals. Overall, this is an affordable property that makes a great investment or "house hacking" option for anyone looking to have their tenants contribute to their mortgage payment!ears and feature 100% copper plumbing, and new electrical panels and meters. The front unit is a spacious 3Br+1Ba of 1,076 SF, and the rear duplex has two appx 680 SF 2Br+1Ba apartments, one upstairs and one downstairs. The rear units have areas for stackable laundry, and there are 3 parking spaces. The property is located between Evergreen Cemetery and Evergreen Recreation Center. Local favorites include Picaresa Barra de Cafe, El Tepeyac Cafe, Otomisan Restaurant, Food 4 Less, El Mercadito, King Taco and more. Boyle Heights is a well loved and tight knit community situated between the 10, 5, 101, and 60 freeways. It's central location to so many freeways, as well at DTLA and the Arts District, is one of it's major appeals. Overall, this is an affordable property that makes a great investment or "house hacking" option for anyone looking to have their tenants contribute to their mortgage payment! Read Less
Property listed by Compass, Dana Coronado 310-259-7556
Listing Snapshot
Days Online
55
Last Updated
Beds
7
Square Ft.
2,436
Lot Size
0.12 Acres
Year Built
1928
MLS Number
26647515
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1928, Living area: 2436.0, 2 buildings, Building faces East, 2 stories, Levels: MultiSplit, Construction Materials: Stucco
Accessibility Features
None
Exterior Features
Patio/Porch Features: FrontPorch
Fireplaces
None
Floors
Tile
Foundation
Raised
Heating
WallFurnace
Income
Gross Income: $59,196, Net Operating Income: $45,113
Interior Features
CeilingFans, RecessedLighting
Lot
0.1194 acres
Parking
3 open parking spaces, 3 total parking spaces, OneSpace
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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