2038 Hollenbeck Drive
Los Angeles, CA 90023
3884 sqft | 4 beds | 0.14 acres | #24471655
Description
TREMENDOUS UPSIDE for this 4 plex building with tons of rental growth potential along with rapid city development. There will be a new bridge that connects Boyle Heights to the Arts District and you can imagine all the change that will happen once that is completed. Google "Sixth Street Viaduct" for more information. This property is located across the street from Hollenbeck park. Excellent and desirable location. A deal like this will not be available when the bridge project is completed. All units are approx 950 sq ft. The new buyer can convert each unit to 2 bedrooms. In the back, there are 4 covered parking and 4 additional cars can be parked behind it. One of the unit has been remodeled with a washer and dryer in the unit and collecting $1,871 in rent. . All other units can be remodeled for maximum income. Many upgrades have been done within the last few years. Newer roof, newer electrical and partial plumbing replaced. Separately metered for gas and electricity.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$875,000
- MLS #24471655
- MLS #24471655
- Acres0.1426
- Cost875000
- Square Feet3884
- Year Built1923
- Bedrooms4
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Alexis Kim (#CLW-X64194)
Listing Office: Christie's International Real Estate SoCal (#CLW-X8339101)
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