East LA Portfolio
OFFERING PRICE: $16,687,500
MVP Commercial Investment Real Estate is pleased to present an exclusive Portfolio Opportunity of multi-family buildings in the Boyle Heights and Lincoln Heights submarkets of Los Angeles. The East Los Angeles Portfolio consists of five properties whose combined building square footage is approximately 42,377 SF.
The East LA Portfolio is made up of 118 units + 1 non-conforming unit and features a unit mix of Bachelors, Studios, One Bedrooms, Two Bedrooms, Single Family Residences, and a Retail Space. The properties were built between 1897 and 1929 and have a combined lot square footage of approximately 37,273 SF.
Located in the vibrant submarkets of Boyle Heights and Lincoln Heights, these properties are situated in amazing locations within East Los Angeles with tremendous rental upside that a new investor can take advantage of by remodeling the interior and exterior of the buildings to achieve strong market rents.
For more information, please download the Offering Memorandum.
INVESTMENT HIGHLIGHTS
- Prime Boyle Heights and Lincoln Heights locations
- Attractive Cost per Unit | $141,419 per unit (Buyer to Verify)
- 100% Copper Plumbing in all Buildings (Seller Stated)
- 1-5 Year Old Roofs Installed on all Buildings (Seller Stated)
- Great Added Value Opportunity
- Average Walk-Score: 88
LOCATION HIGHLIGHTS
- High Rental Demand Area
- Few minutes from entertainment venues, restaurants, LA Live, Downtown Los Angeles and Multiple Los Angeles freeways
- Densely Populated Neighborhood
- Close Proximity to Gold Line Metro Station
323 N SOTO ST, LOS ANGELES, CA 90033
Units: 40
Building Size: 10,364 SF
Lot Size: 6,990 SF
$/Unit: $119,000
2221 MICHIGAN AVE, LOS ANGELES, CA 90033
Units: 32 + 1NC
Building Size: 9,229 SF
Lot Size: 6,053 SF
$/Unit: $126,547
2611 VALLEJO ST, LOS ANGELES, CA 90031
Units: 17 (16 Units + 1 Single Family Residence)
Building Size: 8,916 SF
Lot Size: 7,450 SF
$/SF: $316.90
312 N MATTHEWS ST, LOS ANGELES, CA 90033
Units: 10 (8 Units + 2 Single Family Residences)
Building Size: 9,726 SF
Lot Size: 9,369 SF
$/SF: $290.36
1818 N BROADWAY, LOS ANGELES, CA 90031
Units: 19
Building Size: 4,142 SF
Lot Size: 7,411 SF
$/Unit: $117,289
MVP Commercial Investment Real Estate does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection with appropriate licensed professionals. If your home is currently listed with another broker, this is not intended to solicit that listing. CalBRE 01816119, 01483131.
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