2120 Sheridan Street

Los Angeles, CA 90033

$1,019,999

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $195 / sqft

1963

calendar_month Built

Property Description

Welcome to this absolutely stunning 5 unit income producing property for sale in prime Boyle Heights, this offering presents an excellent opportunity for any investor to capitalize on positive initial cash flow while having the ability to add value for strong rental upside in one of the most gentrifying markets of Los Angeles. Perfectly located on a corner lot with private alley access allows you truly appreciate this amazing setup. You have a 4 unit building consisting of four 2 bed 1 bath units over 1,000 sqft each and a separate detached 3 bedroom 2 bath single family home with it’s own two car garage giving you the ability to convert into an ADU and increase the value. All 5 units are individually metered and the single family home has its own water meter as well making it two water meters for the property. You have the potential for major upside while collecting very healthy rents. You generate up to $14K in rents a month, huge upside! Located in a very desirable location, within walking distance to shopping centers, restaurants, USC Medical Center, White Memorial Hospital, DTLA and much more. Tenants will love the convenience of being within walking distance to Soto Station, as well as a plethora of other rapidly developing amenities in the area that are driving ongoing growth and increased demand. Easy access to major freeway's such as the 5 and 10 and 101 FWY. Boyle Heights is a mix of history and trendy coffee shops, restaurants, art and music. The signs of gentrification are clear as new development and companies moving into the area. This will not last!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 2120 Sheridan Street
City Los Angeles
State CA
Zip 90033
County Los Angeles
Listing Agent Andrew Munoz DRE#01989243
Co-Listing Agent Jovani Pina DRE#01959832
Courtesy Of Keller Williams Pacific Estate
MLS PW24071520
List Price $1,019,999
Status Active
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 6,926
Year Built 1963
DOM 1

Exterior Information

Maps

Listing information courtesy of: Andrew Munoz, Jovani Pina, Keller Williams Pacific Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 10th, 2024 at 5:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.