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2416 1st Street, Los Angeles, CA 90033

4 Bed, 2 Bath Multi-Family Home For Sale

2416 1st Street, Los Angeles, CA 90033 House For Sale - MLS #15921015
Off the Market
$825,000
4
2
Multi-Family
4 Family
This listing is courtesy of Charlie Coronado from Keller Williams Studio City.

Property Description for 2416 1st Street, Los Angeles, CA 90033

Mixed use retail & residential property in Boyle Heights! The 1918 building has a charming exterior and consists four units with 3,190 rentable SF on a 5,549 SF lot. The property is situated less than a block from the Metro Gold Line Soto Station, and adjacent to the busy intersection of Soto and 1st St. This allows for high visibility of the two storefront retail units that face 1st St on the ground level. There is also significant upside potential since the two retail units will be delivered vacant and the pro forma rents for each unit is $1,500 per month, which would bring in an additional $3,000 per month! The two 2 Bedroom and 1 Bath apartments on the second level are tenant occupied and currently bringing in $1,950 per month. The property is zoned LAC2, and has gated storage plus three parking spaces with alley access in the back of the building. Is easily accessible by major freeways the 10,5, and 101 and less than one block from the Metro Gold Line Soto Station!

Interior Details

3,190 sq. ft.
$258.62/sq. ft.
Other

Exterior Details

0.13 acres
5,549 sq. ft.
3

Other Details

15921015
1918

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,050     

Unit #2
Bedrooms: 2      Full / Half Baths: 1      Rent: $900     

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Monthly Mortgage Payments

$3,747
$5,219

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