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2015 East 2nd Street

2015 East 2nd Street, Lo

For Sale

$1,300,000

Property Description

Marcus and Millichap is pleased to present a seven (7) unit apartment building located at 2015 East 2nd Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location, south of 1st Street and west of South Soto Street.

Boyle Heights is a neighborhood located in the region east of the Los Angeles River. Living in Boyle Heights offers residents an urban suburban mix feel and most residents rent their homes. Located east of Downtown Los Angeles, Boyle Heights is one of Los Angeles’ most historic and vibrant neighborhoods. From Mariscos Jalisco to MorrisseyOKE, residents can discover the best shopping, dining and hidden gems in Boyle Heights. The area contains many bars, restaurants, coffee shops, and parks. East Cesar E Chavez Avenue is the main commercial corridor running through Boyle Heights. This avenue is home to the majority of the food and entertainment venues in the area, such as Celestes & Lillies Embroidery Shop, Eastside Rehearsal Studios, Los Angeles Wedding Chapel, and much more. The many parks in the area include Boyle Heights Sports Center & Park, Hollenbeck Park, Prospect Park, State Street Recreation Center, and Evergreen Recreation Center. The area is also home to many schools, such as Breed Street Elementary School, Hollenbeck Middle School, Theodore Roosevelt High School, Salesian High School, and Sheridan Street Elementary School. This area offers easy access to the 101, 10, and 5 freeways and is in close proximity to the Metro Gold Line.

Built in 1923, this property contains a streamlined unit mix of seven (7) one-bedroom / one-bathroom units. The large 8,888 square foot lot features bungalow style units with brand new windows and limited on-site parking and Tier 3 TOC development incentives. Additional dedicated street parking can be found along Cummings Street. Four (4) units are detached buildings and three (3) units are attached. The property is gated, secure, and located in a residential pocket just 2.5 miles away from Downtown. Construction and development is happening all around the immediate area, demonstrating the strength of the neighborhood. Tenants will love the quick commute to all parts of Los Angeles with easy access to public transportation less than half a mile away at Soto Station. Private commuters will also appreciate the short driving distance to the -10, -101, -60, and -5 freeways. Outdoor recreation is available just down the street at Hollenbeck Park which features grassy knolls, picnic areas, playgrounds, a skatepark, and a man-made lake.

Situated in a prime Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential on a large 8,888 square foot lot in a major transportation hub for Los Angeles.

Contact Agent

Jason Tuvia / Kian Maronde

818.212.2735

Unit Mix

Seven (7) 1-Bedroom / 1-Bathroom Units

Property Type

Multifamily

Submarket

Price

Size

3,248 SF

Total Units

Year Built

1923

Property Location

2015 East 2nd Street, Lo

Property Description

Marcus and Millichap is pleased to present a seven (7) unit apartment building located at 2015 East 2nd Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location, south of 1st Street and west of South Soto Street.

Boyle Heights is a neighborhood located in the region east of the Los Angeles River. Living in Boyle Heights offers residents an urban suburban mix feel and most residents rent their homes. Located east of Downtown Los Angeles, Boyle Heights is one of Los Angeles’ most historic and vibrant neighborhoods. From Mariscos Jalisco to MorrisseyOKE, residents can discover the best shopping, dining and hidden gems in Boyle Heights. The area contains many bars, restaurants, coffee shops, and parks. East Cesar E Chavez Avenue is the main commercial corridor running through Boyle Heights. This avenue is home to the majority of the food and entertainment venues in the area, such as Celestes & Lillies Embroidery Shop, Eastside Rehearsal Studios, Los Angeles Wedding Chapel, and much more. The many parks in the area include Boyle Heights Sports Center & Park, Hollenbeck Park, Prospect Park, State Street Recreation Center, and Evergreen Recreation Center. The area is also home to many schools, such as Breed Street Elementary School, Hollenbeck Middle School, Theodore Roosevelt High School, Salesian High School, and Sheridan Street Elementary School. This area offers easy access to the 101, 10, and 5 freeways and is in close proximity to the Metro Gold Line.

Built in 1923, this property contains a streamlined unit mix of seven (7) one-bedroom / one-bathroom units. The large 8,888 square foot lot features bungalow style units with brand new windows and limited on-site parking and Tier 3 TOC development incentives. Additional dedicated street parking can be found along Cummings Street. Four (4) units are detached buildings and three (3) units are attached. The property is gated, secure, and located in a residential pocket just 2.5 miles away from Downtown. Construction and development is happening all around the immediate area, demonstrating the strength of the neighborhood. Tenants will love the quick commute to all parts of Los Angeles with easy access to public transportation less than half a mile away at Soto Station. Private commuters will also appreciate the short driving distance to the -10, -101, -60, and -5 freeways. Outdoor recreation is available just down the street at Hollenbeck Park which features grassy knolls, picnic areas, playgrounds, a skatepark, and a man-made lake.

Situated in a prime Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential on a large 8,888 square foot lot in a major transportation hub for Los Angeles.

Contact Agent

Jason Tuvia / Kian Maronde

818.212.2735

(818) 448-4415

CalBRE #01772495

Unit Mix

Seven (7) 1-Bedroom / 1-Bathroom Units

Property Details

Property Type

Multifamily

Submarket

Boyle Heights

Price

$1,300,000

Price per Unit

$185,714

Price per SF

$400.25

Status

For Sale

Size

3,248 SF

Total Units

7

Year Built

1923

Property Location

2015 East 2nd Street, Lo

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