JUST LISTED!
Listing Price: $940,000
The Cincinnati Apartments is a five-unit multifamily property located in the heart of Los Angeles’ Boyle Heights neighborhood, one of the city’s hottest and rapidly evolving new submarkets. The community and local owners are enjoying the benefits of rapid growth and urbanization that are happening at the local level.
Located at 2531 Cincinnati St., The Cincinnati Apartments was built in 1924 and features ±4,834 square-feet of improvements on a ±6,301 square-foot lot. The property features four one-bedroom and one-bath units with an average living area of 900 square feet each, and one two-bedroom and one-bath house which is approx. 1100 square feet. Each unit has individual water heaters.
Fast Changing Submarket
Immediately Reposition Asset
1.3-Miles to USC Medical & Pharmacy Schools
Charming 1 & 2 Bedroom/1 Bath Units
Pro-Forma CAP Rate of 8.61%