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    2038 Hollenbeck Dr

    Los Angeles, CA 90023
    • $1,050,000
    • STATUS: Active
    • ON SITE: 150 days
    • MLS #: 20-640856
    UPDATED: 62 min ago
    $1,050,000
    • 4
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,884
      SQFT
    • $270
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    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. All units are approx 950 sq ft. The new owner can convert each unit into 2 bedrooms. There is a carport with 4 parking spots, one for each unit. Additionally, 4 cars can be parked behind it. One of the unit has been remodeled with a washer and dryer in the unit and collecting $1690 in rent. All other units can be remodeled to maximize income. Many upgrades have been done within the last few years including new roof, new electrical panel and partial plumbing was replaced. Separate meters for gas and electricity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-05T13:42:54.887. 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/110718392
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    2038 Hollenbeck Dr Los Angeles, CA 90023

    • Price: $1,050,000
    • Status: Active
    • Updated: 62 min ago
    • MLS #: 20-640856
    4
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,884
    SQFT
    $270
    $/SQFT
    1923
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property 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. All units are approx 950 sq ft. The new owner can convert each unit into 2 bedrooms. There is a carport with 4 parking spots, one for each unit. Additionally, 4 cars can be parked behind it. One of the unit has been remodeled with a washer and dryer in the unit and collecting $1690 in rent. All other units can be remodeled to maximize income. Many upgrades have been done within the last few years including new roof, new electrical panel and partial plumbing was replaced. Separate meters for gas and electricity.
    Exterior Features

    Carport Spaces Total 4 Covered Parking 4 Garage Structures Total 0 Levels Two Lot Size Area 6209 Other Structures None Parking Garage Carport Detached Pool Description None Pool YN No Roof Flat Spa None Spa YN No Total Parking 8 View Description Other View YN Yes

    Interior Features

    Baths Total 4.00 Common Walls None Cooking Appliances RangeOven Cooling Wall Unit(S) Equipment Garbage DisposalRange/OvenRefrigerator Fireplace Rooms KitchenDiningLiving Room Flooring CarpetTileLaminate Heating Wall Laundry None Water Heater Features Gas

    Property Features

    Gross Income 57360 Gross Operating Income 57360 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 37147.00 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterOther Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 20213 Type Of Units 4 Plex Water In Street Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Alexis Kim DRE#01377398 of Secured Properties Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-05T13:42:54.887. 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