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$ 1,100,000
Est. payment | /mo
7,004 Sqft Lot
$ 1,100,000
Est. payment | /mo
7,004 Sqft Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26176429
HOA Y/N No
Year Built 1924
Lot Size 7,004 Sqft
Property Sub-Type Mixed Use
Property Description
2505 Malabar Street is a 10-unit multifamily asset in Los Angeles' Boyle Heights neighborhood. This offering is an excellent acquisition opportunity for an investor seeking value-add potential: current rents are well-below market and present 68 percent rental upside.
2505 Malabar Street is a 1924 construction single-story apartment complex with all one-bedroom/one-bath units. Select units feature interior upgrades and wall A/C units. and the building also offers laundry facilities.
The property is located in Boyle Heights with convenient access to major employers and attractions in Downtown Los Angeles, less than a mile to USC Medical Center, and proximate to freeways and the Metro E Line. This area is one of Los Angeles' most active infill development markets, signaling investor sentiment in the area and its consistent rental demand.
2505 Malabar Street is a 1924 construction single-story apartment complex with all one-bedroom/one-bath units. Select units feature interior upgrades and wall A/C units. and the building also offers laundry facilities.
The property is located in Boyle Heights with convenient access to major employers and attractions in Downtown Los Angeles, less than a mile to USC Medical Center, and proximate to freeways and the Metro E Line. This area is one of Los Angeles' most active infill development markets, signaling investor sentiment in the area and its consistent rental demand.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5177020025
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Steven Bogoyevac Steven M. Bogoyevac, Broker steve.bogoyevac@marcusmillichap.com, DRE #01332755