2722 E 2nd Street Los Angeles, CA $ 1,200,000
2722 E 2nd Street
$ 1,200,000
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2722 E 2nd Street

Los Angeles, CA, 90033
$ 1,200,000
Bedrooms7 Baths4.0 Sq 2,608

Monthly Estimate*

$ 8,382

Listed by Marcus & Millichap
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Multi-Family Home for sale in Los Angeles, CA

for $1,200,000 with 7 bedrooms and 4 full baths. This 2,608 square foot home was built in 1954 on a lot size of 0.155.

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.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Craftsman

Lot Size

0.155

Year Built

1954

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24380526

Days on Market

14

Features
General
Heating WallFurnace
Possession CloseOfEscrow
Appliances BuiltIn Dishwasher Oven Range Refrigerator RangeHood Dryer Washer
Zoning LAR2
Architectural Style Craftsman
Pool Features None
Year Built 1954
Tenant Pays Electricity Gas
View CityLights
Stories 2
Levels Two
Gross Income 94800.0
County Los Angeles
Net Operating Income 68660.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 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.
City Los Angeles
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 4.0
Total Units 3
MLS Area BOYH - Boyle Heights
Lot Size Square Feet 6753.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 2nd
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Occupancy Description Tenant
Cap Rate 5.72
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Interior
Flooring Wood
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Window Features BayWindows
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Laundry Features Stacked
Total Bedrooms 7
Electric On Property Y/N N
Total Baths 4
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Exterior
Parking Features Driveway Uncovered
Lot Features Landscaped RectangularLot
Total Parking 4.0
Lot Size Area 6753.0
Number of Buildings 2
Spa N
Building Area Total 2608.0
Lot Size Acres 0.155
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2722
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* Excluded Features
List By
Marcus & Millichap

Broker

(818) 212-2735

Phone

Affordability Calculator

$8,382
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,382
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2024$1,200,000 Listed Price

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2722 E 2nd Street, Los Angeles, CA, 90033 is a Multi-Family Home for sale at $1,200,000 with 2,608 sqft and a lot size of 0.155. 2722 E 2nd Street has 7 bedrooms, 4.0 baths, and was built in 1954. The property's zip code is 90033 which is in Los Angeles, CA