Los Angeles, CA 90033 2722 E 2nd Street

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Presented By: Jason Tuvia with Marcus & Millichap;
  • MLS# 24380526
  • 04/15/2024
  • Request Tour
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  • BedBeds • 7
  • BathBaths • 4
  • FootageSQFT • 2,608

Home Details

We are pleased to present a three (3) property portfolio (may be sold together or separate) totaling nine (9) unit located in Los Angeles, California. The subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway. Built in 1954, 2722 E 2nd Street contains an exceptional unit mix of two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom detached single-family residence. There is ample on-site parking available. Built in 1927, 1050 S Bonnie Beach Place contains a incredible unit mix of two (2) two-bedroom / one and a half-bathroom units and one (1) three-bedroom / one and a half-bathroom unit. There is positive initial cash flow at a 7.26% cap rate on current numbers. Additionally, there is potential to convert the carports into multiple ADU unit(s). Built in 1973, 926 S Ford Boulevard contains a streamlined unit mix of three (3) two-bedroom / one and a half-bathroom units with a bonus den. There is potential to convert the carports into multiple ADU unit(s). Situated in an ideal East Los Angeles / Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire up to three (3) triplexes all within a few miles of each other.
Presented By: Jason Tuvia with Marcus & Millichap;

Interior Features for 2722 E 2nd Street

Bedrooms

Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Laundry FeaturesStacked
Street SuffixStreet
Total Stories2
Window FeaturesBayWindows

General for 2722 E 2nd Street

Additional Parcels Y/NNo
AppliancesBuiltIn, Dishwasher, Oven, Range, Refrigerator, RangeHood, Dryer, Washer
Architectural StyleCraftsman
Attached Garage No
Cap Rate5.72
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsThe subject property is situated in an ideal East Los Angeles / Boyle Heights location, north of the -5 freeway and east of the -101 freeway.
Garage Y/NNo
Gross Income94800.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6753.0
MLS AreaBOYH - Boyle Heights
MobileHomeRemainsYNNo
Net Operating Income68660.0
New ConstructionNo
Occupancy DescriptionTenant
Open Parking Spaces4.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name2nd
Tenant PaysElectricity, Gas
Total Units3
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1954
ZoningLAR2

Exterior for 2722 E 2nd Street

Building Area Total2608.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped, RectangularLot
Lot Size Acres0.155
Lot Size Area6753.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway, Uncovered
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,200,000
MLS#24380526
List Date 04/15/2024
Property Type Multi-Family
Phone 714.964.3311
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