PRICE REDUCED!!! FIRST TIME ON THE MARKET IN ALMOST 80 YEARS! We are proud to present 2402 Malabar Street—a true value-add investment opportunity in Boyle Heights with huge rental upside of over 80%! The building consists of four 2 bedroom / 1 bath units and four 1 bedroom / 1 bath units, and will be delivered with one 2 bedroom unit vacant. As a pride of ownership property, the well-maintained building on the corner of Soto St and Malabar St features upgraded electric main and sub panels. The detached garage spaces on the spacious ± 6,984 SF lot currently accommodate parking for 6 cars with the possibility to convert to ADUs for additional rental income. The units are separately metered for gas and electric and feature washer/dryer hookups in each unit. The unbeatable location is in close proximity to Downtown LA, the Arts District, and Lincoln Heights, and less than one mile from the USC Health Sciences Campus and USC Keck Hospital. The property is strategically situated in a strong rental submarket with the potential for further rental growth and property appreciation upon repositioning of the units.
MLS #
CRSR23224165
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Garage/Parking
Garage: 6 Car(s)
Listing Agent
Anie Mayelian
Equity Union
License #: 00778825
Phone: –
Co-Listing Agent
Aleen Mayelian
License #: 02198281
Phone: –
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | – |
2402 Malabar St is a Residential Income in Los Angeles, CA 90033. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1941.
This address can also be written as 2402 Malabar St, Los Angeles, CA 90033.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of February 28, 2024. For the most current information, please contact Anie Mayelian