2500 1st Street, Los Angeles
Los Angeles Home For Sale
We are pleased to present 2500 E 1st St, a mixed-use property situated in the heart of the culturally rich Boyle Heights district, renowned for its diverse community and bustling atmosphere. Built in 1964, the 8,578 square foot property features a standalone corner retail unit complemented by an 8-unit apartment complex at the rear. The apartment consists of three (3) 1-bedroom and five (5) 2-bedroom units. With current rents offering significant room for growth, savvy investors can capitalize on a approximately 62% upside potential in rental income as units become vacant. Spanning across 8,641 square feet of land, the property is commercially zoned with a tier 4 TOC bonus, permitting the development of 40 units or more through ED-1, further enhancing its investment appeal. Strategically positioned just one block away from the E Line Soto Station & adjacent Los Lirios Apartments which boasts 2,400 square feet of ground-floor commercial space, this property offers unparalleled convenience and accessibility. Furthermore, with a brand-new four-story, 51-unit affordable housing complex scheduled for construction on the same block as the subject property, the area is experiencing a surge in development activity, underscoring its status as a burgeoning investment hotspot. With its proximity to downtown Los Angeles and seamless access to public transportation, Boyle Heights offers residents and businesses alike an unparalleled urban lifestyle. With its rich cultural heritage, diverse community, and thriving commercial landscape, Boyle Heights presents a compelling investment opportunity in one of Los Angeles' most dynamic and sought-after neighborhoods.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90033
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- MLS® #:
- 24384551
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- Bedrooms:
- 13
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- Bathrooms:
- 8
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- Square Ft:
- 8,578
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- Lot Size:
- 0.20
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- Levels:
- Multi/Split
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- HOA Dues:
- $
Price Change History for 2500 1st Street, Los Angeles, (MLS® #24384551)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of July 13th, 2024 at 6:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.