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Listed by Manny Perez-Perez • Erik Michael Ransdell, Broker
$650,000
Est. payment /mo
4,290 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25082755
Year Built 1922
Lot Size 4,290 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Incredible investment opportunity in Boyle Heights, just minutes from Downtown LA and the Arts District. This 4-unit multifamily property sits on a corner lot and features four 1-bedroom, 1-bath units, each with its own address: 2700 & 2702 E 7th St and 1002 & 1004 Orme Ave. All units are currently tenant-occupied, rent controlled (RSO), and rented significantly below market, offering strong upside potential for the savvy investor. The property is low-maintenance with a gated entry for added tenant privacy. Low maintenance! Tenants cover their own utilities with the exception of water for the two units on 7th St, which are on a shared meter. The layout is ideal for passive income, and the location offers high rental demand due to its centrality, making this a perfect buy-and-hold or 1031 exchange opportunity. Don't miss your chance to own a property with tremendous long-term potential!
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry Other
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5189013020
Special Listing Condition Not Applicable
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