Property Detail

Description

Strong investment opportunity, with two vacant units, in Los Angeles’ historic Lincoln Heights with upside and immediate cash-flow potential. The property is located in a vibrant, high-demand area with convenient access to the city center, transit, and major freeways, and is centrally positioned near Downtown, Highland Park, Pasadena, and Dodger Stadium. This well-maintained triplex features three separate units, each individually metered for water, electricity, and gas, and each with its own outdoor patio space. The middle 2-bed/1-bath unit and the top unit 3-bed/1-bath are both vacant. The he property also includes a 3-bed/2-bath unit. ~8%+ pro forma cap rate.