Eastside La
1040 S Ditman Avenue
Los Angeles, California, 90023 United States

Sotheby's International Realty - Los Feliz Brokerage
Listing image
Listing image

1040 S Ditman Avenue

This is a fantastic opportunity to acquire a 4 unit multifamily property in Boyle Heights just east of Downtown LA. All the units are one bedrooms, with one of them vacant, remodeled, and ready to move in. The other three units have MTM tenants in place all currently paying rents. The property allows an owner occupier to live in a unit and collect rents from the other. The entire property totals 1,592sf and sits on a large 6,150sf lot zoned R4 allowing for future development potential. The property is also located in a qualified Opportunity Zone which can offer the right investor additional tax benefits. And with the property being located near the 5 freeway, it is just minutes from Downtown LA and USC. Excellent location in Boyle Heights east of Downtown Los Angeles near USC Medical Center, Community Hospital, Commerce, Freeways, Parks & Recreation, and Restaurants & Shops. ACTUAL 5.4% Cap Rate!

Listing Courtesy of Nohco Real Estate
 
Listing image

Amenities & Features

  • Listing Details
    • Property ID
      OC21046131
    • MLS#
      OC21046131
    • Property type
      Residential Income
    • Courtesy Of
      Listing Courtesy of Nohco Real Estate
    • Status
      Contract Pending
    • Listing Price
      $875,000
    • Subdivision
      Not Applicable-BOYH
    • County
      Los Angeles County
    • School District
      Los Angeles Unified
  • Utilities & Building
    • Year Built
      1923
    • Lot Size Unit
      Acre(s)
    • Lot Size
      0.14