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    1526 E 1St St

    Los Angeles, CA 90033
    • $1,899,000
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: 21-705434
    UPDATED: 37 min ago
    $1,899,000
    • 2
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,265
      SQFT
    • $303
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    High Vacancy Property!! 12 residential unit potential!! 4 out of 8 units on the 2nd floor are vacant. Entire first floor is vacant and can be potentially redeveloped in 4 additional residential units or 2 retail spaces. 1526 E 1st St is in the heart of Boyle Heights, just steps to Mariachi Plaza and Mariachi Plaza/Boyle Heights Station Metro Gold Line. The location of 1526 E 1st St offers tenants a short drive down 1st Street to the Arts District in Downtown Los Angeles and a short walk to the vibrant 1st Street retail, which will be the hub for re-development as this community continues to grow. This opportunity is perfect for any investor looking for 105% upside in the property as the entire first floor has the potential for redevelopment into 4 additional residential units or 1 or 2 retail spaces.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T15:43:09.973. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/115108322
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    1526 E 1St St Los Angeles, CA 90033

    • Price: $1,899,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 21-705434
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,265
    SQFT
    $303
    $/SQFT
    1912
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    High Vacancy Property!! 12 residential unit potential!! 4 out of 8 units on the 2nd floor are vacant. Entire first floor is vacant and can be potentially redeveloped in 4 additional residential units or 2 retail spaces. 1526 E 1st St is in the heart of Boyle Heights, just steps to Mariachi Plaza and Mariachi Plaza/Boyle Heights Station Metro Gold Line. The location of 1526 E 1st St offers tenants a short drive down 1st Street to the Arts District in Downtown Los Angeles and a short walk to the vibrant 1st Street retail, which will be the hub for re-development as this community continues to grow. This opportunity is perfect for any investor looking for 105% upside in the property as the entire first floor has the potential for redevelopment into 4 additional residential units or 1 or 2 retail spaces.
    Exterior Features

    Lot Size Area 6597 Other Structures None Parking Garage None Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 934093 Gross Income 106320 Gross Operating Income 101004 Like Units1 6 Like Units2 2 Net Operating Income 53797.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 47207 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lam1

    Listing provided courtesy of John Wright DRE# of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T15:43:09.973. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253