3155 E 8th Street

Description

3155 E 8th St is a 4-Unit Turnkey property to be deliveredFULLY VACANT by close of escrow. 3155 E 8th St presents aunique opportunity in the heart of Boyle Heights, withupdated electrical panels. It includes four spacious 1-Bed/1-Bath units, all delivered vacant, offering a prime opportunityfor an investor or owner-occupier. The property features 8uncovered parking spaces in the rear can be converted totwo stacked ADUs. With this addition, the cap rate will jumpfrom an already attractive 8.02%, offering substantial returns.Built in 1961, this asset is a cash cow with the ability to stabilizeand generate significant cash flow. For owner-users, it’s aperfect opportunity to occupy one unit, have the additionalthree units cover your mortgage. The "owner's unit" features alarge private patio that can be converted into additionalparking as well. Located in the heart of Boyle Heights, avibrant and culturally diverse neighborhood known for its richhistory, tight-knit community, and eclectic mix of cuisines,Boyle Heights offers a dynamic blend of residential charm,thriving local businesses, and a vibrant arts scene. It is inclose proximity to the train line stop and within walkingdistance of Hollenbeck Park, restaurants, bars and nightlife.