1612 Pennsylvania Avenue, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1612 Pennsylvania Avenue,Los Angeles, CA 90033
$1,175,000
  • 8 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kristopher german
Office: re/max 2000 realty
MLS#:CV26171813
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,175,000

About this home

Just Listed! Outstanding value-add opportunity to acquire a 4-unit multi-family property in Boyle Heights, offering a rare combination of immediate vacancy and strong day-one cash returns. The property is currently operating at a 6.28% CAP Rate and 11.57 GRM, with three of the four units to be delivered vacant, allowing investors to lease at current market rents from the outset and maximize thier cash flow. Built in the 1970s, the property features a highly desirable and diverse unit mix consisting of a detached single-story 2-Bedroom/1-Bath cottage, one 2-Bedroom/2-Bath unit with a den, and two 2-Bedroom/1-Bath units, totaling approximately 3,385 rentable square feet on a 7,486 sq. ft. lot. Residents enjoy the privacy of a gated entry along with onsite garage parking, while ownership benefits from an efficient operating structure with tenants paying ALL utilities, including electricity, gas, trash and water! Adding to the property's long-term value is the potential to convert the...

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Home facts

  • Listing ID #:CV26171813
  • Added:1 day(s) ago
  • Updated:August 07, 2026 at 06:42 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Levels:1 Story

Finances and disclosures

  • Price:$1,175,000
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