Skip To Content

    1526 E 1St St

    Los Angeles, CA 90033
    • $1,875,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: 21-761506
    UPDATED: 62 min ago
    $1,875,000
    • 15
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,265
      SQFT
    • $299
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    This VALUE-ADD 6,256 SF 12-Unit Apartment Building adjacent to the Boyle Heights neighborhood of East Los Angeles. It is located on 6,597 SF LA-M1zoned corner lot. The property consists of a total of 12 units & a finished basement. The ground floor has 4 units consisting of (1) 3+1 unit, (1) 2+1units, (1) 1+1 unit & (1) Studio. The second floor consists of (8)studios. The basement is approximately 3,000 SF. All but 4 of the studios on the second floor are VACANT. The subject property has approximately 9 on-site parking spaces in addition to ample street parking. This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking for a value-add opportunity in a growing area within walking distance to public transportation, parks, schools and shopping areas.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T20:42:54.837. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/119361158
    Print Image

    1526 E 1St St Los Angeles, CA 90033

    • Price: $1,875,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 21-761506
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,265
    SQFT
    $299
    $/SQFT
    1912
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    This VALUE-ADD 6,256 SF 12-Unit Apartment Building adjacent to the Boyle Heights neighborhood of East Los Angeles. It is located on 6,597 SF LA-M1zoned corner lot. The property consists of a total of 12 units & a finished basement. The ground floor has 4 units consisting of (1) 3+1 unit, (1) 2+1units, (1) 1+1 unit & (1) Studio. The second floor consists of (8)studios. The basement is approximately 3,000 SF. All but 4 of the studios on the second floor are VACANT. The subject property has approximately 9 on-site parking spaces in addition to ample street parking. This opportunity is located in one of the most up & coming areas of Los Angeles. It will attract an investor looking for a value-add opportunity in a growing area within walking distance to public transportation, parks, schools and shopping areas.
    Exterior Features

    Cross Streets 1st St. & Gless St. Lot Size Area 6597 Other Structures None Parking Garage None Total Parking 8 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 12.00 Common Walls Attached Cooling None Equipment None Heating Wall

    Property Features

    Assessed Total Value 934093 Gross Income 186000 Gross Operating Income 180420 Like Units1 7 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 122708.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Security Features None Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 57713 Type Of Units Residential Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lam1

    Listing provided courtesy of David Yashar DRE#01102638 of Keller Williams Realty Westside.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T20:42:54.837. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-761506-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-761506-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-761506-2.jpg
    Logo
    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101