Prime Boyle Heights Mixed-Use Opportunity
3 Retail + 18 Apartment Units | 6.31% CAP
Marketing description
17,004 SF building consisting of 3 street-level retail units and 18 residential units. Includes 10 onsite parking spaces. Gross annual income of $367,403 with a net operating income of $234,713. Stable cash flow with growth potential. The property offers stable cash flow with growth potential, benefiting from heavy pedestrian and vehicle traffic, strong retail visibility, and proximity to Downtown LA, the Arts District, and Little Tokyo.
Built in 1913 and zoned C2, the property sits on a 9,605 SF lot with 10 surface parking spaces. The location provides easy access to I-5, I-10, I-710, and SR-60, as well as nearby transit options, including Metro bus routes and the Soto Station (E Line/Gold Line). Surrounded by local businesses, restaurants, and cultural landmarks, this property presents an excellent opportunity for investors seeking diverse income streams and long-term appreciation potential.
Investment highlights
The 17,004 SF building consists of 3 street-level retail units and 18 residential units, generating a gross annual income of $367,403 with a net operating income of $234,713. The cap rate is 7%.
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