1612 Pennsylvania Avenue, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
1612 Pennsylvania Avenue,Los Angeles, CA 90033
$1,160,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: kristopher german
Office: re/max 2000 realty626-956-0188
MLS#:CV26171813
Source:CRMLS

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Price summary

  • Price:$1,160,000

About this home

Just Listed! Outstanding value-add opportunity to acquire a 4-unit multi-family property in Boyle Heights, offering a rare combination of immediate vacancy and strong day-one cash returns. The property is currently operating at a 6.28% CAP Rate and 11.57 GRM, with three of the four units to be delivered vacant, allowing investors to lease at current market rents from the outset and maximize thier cash flow. Built in the 1970s, the property features a highly desirable and diverse unit mix consisting of a detached single-story 2-Bedroom/1-Bath cottage, one 2-Bedroom/2-Bath unit with a den, and two 2-Bedroom/1-Bath units, totaling approximately 3,385 rentable square feet on a 7,486 sq. ft. lot. Residents enjoy the privacy of a gated entry along with onsite garage parking, while ownership benefits from an efficient operating structure with tenants paying ALL utilities, including electricity, gas, trash and water! Adding to the property's long-term value is the potential to...

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Home facts

  • Year built:1972
  • Listing ID #:CV26171813
  • Added:97 day(s) ago
  • Updated:November 12, 2026 at 08:34 AM

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Roof:Shingle
  • Year built:1972
  • Levels:1 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,160,000

Parking

  • Total parking spaces:4
  • Parking description:Assigned, Garage Faces Rear, Paved
  • Garage:Yes
  • Garage spaces:2
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