2415 Malabar Street is an 8-unit apartment building located in the highly sought after Boyle Heights neighborhood of Los Angeles. Situated a mile away from Keck Hospital of USC and a short drive to Downtown Los Angeles, tenants are within close proximity to major employment hubs. In addition, tenants… Read More have easy access to the Arts District which provides an eclectic and bustling nightlife. The opportunity consists of four (4) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit separately metered for gas and electricity. The layout of each unit is relatively large – it spreads across 6,776 rentable square feet on a R3 zoned lot. In addition to its great location and large floor plan, the rents are currently 30% below market. This means a buyer will have the opportunity to purchase a property at a low basis with room for rent growth in the foreseeable future. Read Less
Property listed by Keller Williams Realty, Andres Diaz 3233762469
Listing Snapshot
Days Online
102
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1924
MLS Number
PF25028458
30 Days Snapshot Of 90033
$583k
-15%
(avg) sold price
2
0%
homes sold
114
+65%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 6,776, 3 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Urban
Expenses
Insurance expense: $8,000, Operating expense: $57,722, Water sewer expense: $13,200
Income
Gross income: $138,535, Net operating income: $78,042
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
