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3155 E 8th St
Los Angeles, CA 90023
3155 E 8th St Los Angeles, CA 90023 · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Desirable unit mix, consisting of (4) 1 Bed/1 Bath units spread across 2,018 SF, all delivered VACANT
- Conveniently located in East Los Angeles, in close proximity to several trendy coffee shops, restaurants, and major metropolitan hubs
- Once the property is fully leased, it is projected to operate at a 8.02% Cap Rate, allowing a future investor to rent all the units at market rents
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $311,073 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,018 SF |
| Cap Rate | 8.02% | Average Occupancy | 0% |
| Gross Rent Multiplier | 8.88 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1961 |
| Zoning | LA R2 | ||
| Price Per Unit | $311,073 CAD |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| Gross Rent Multiplier | 8.88 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,018 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | LA R2 |
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