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    1526 E 1St Street

    Los Angeles (City), CA 90033
    • $1,899,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 21705434
    UPDATED: 52 min ago
    $1,899,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,265
      SQFT
    • $303
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    High Vacancy Property!! 12 residential unit potential!! 4 out of 8 units on the 2nd floor are vacant. Entire first floor is vacant and can be potentially redeveloped in 4 additional residential units or 2 retail spaces. 1526 E 1st St is in the heart of Boyle Heights, just steps to Mariachi Plaza and Mariachi Plaza/Boyle Heights Station Metro Gold Line. The location of 1526 E 1st St offers tenants a short drive down 1st Street to the Arts District in Downtown Los Angeles and a short walk to the vibrant 1st Street retail, which will be the hub for re-development as this community continues to grow. This opportunity is perfect for any investor looking for 105% upside in the property as the entire first floor has the potential for redevelopment into 4 additional residential units or 1 or 2 retail spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T19:37:51.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/115110283
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    1526 E 1St Street Los Angeles (City), CA 90033

    • Price: $1,899,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 21705434
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,265
    SQFT
    $303
    $/SQFT
    1912
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    High Vacancy Property!! 12 residential unit potential!! 4 out of 8 units on the 2nd floor are vacant. Entire first floor is vacant and can be potentially redeveloped in 4 additional residential units or 2 retail spaces. 1526 E 1st St is in the heart of Boyle Heights, just steps to Mariachi Plaza and Mariachi Plaza/Boyle Heights Station Metro Gold Line. The location of 1526 E 1st St offers tenants a short drive down 1st Street to the Arts District in Downtown Los Angeles and a short walk to the vibrant 1st Street retail, which will be the hub for re-development as this community continues to grow. This opportunity is perfect for any investor looking for 105% upside in the property as the entire first floor has the potential for redevelopment into 4 additional residential units or 1 or 2 retail spaces.
    Exterior Features

    Parking Features None

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Gross Income 106320 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 53797 Senior Community YN No Special Listing Conditions Standard Zoning Lam1

    Listing provided courtesy of John Wright of Matthews Real Estate Investment Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T19:37:51.713. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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