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Listed by Steven Bogoyevac, DRE #01332755 • Steven M. Bogoyevac, Broker
$ 1,100,000
Est. payment /mo
New
2505 Malabar Los Angeles, CA 90033
7,004 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26176429
Year Built 1924
Lot Size 7,004 Sqft
Source California Regional MLS
Property Description
2505 Malabar Street is a 10-unit multifamily asset in Los Angeles' Boyle Heights neighborhood. This offering is an excellent acquisition opportunity for an investor seeking value-add potential: current rents are well-below market and present 68 percent rental upside. 2505 Malabar Street is a 1924 construction single-story apartment complex with all one-bedroom/one-bath units. Select units feature interior upgrades and wall A/C units. and the building also offers laundry facilities. The property is located in Boyle Heights with convenient access to major employers and attractions in Downtown Los Angeles, less than a mile to USC Medical Center, and proximate to freeways and the Metro E Line. This area is one of Los Angeles' most active infill development markets, signaling investor sentiment in the area and its consistent rental demand.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry Community Facility
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5177020025
Special Listing Condition Not Applicable
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