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.
| MLS # | PW26176429 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 16 |
| Listing Provided By | Steven M. Bogoyevac, Broker | Steven Bogoyevac |
| SQ Feet | 4,974 |
|---|---|
| Story(s) | 1 |
| Units | 10 |
| Building(s) | 1 |
| Acreage | 0.16 |
| Lot Features | Rectangular Lot |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 4,974 low | high Med: 2,010 $ / sqft: $221 low | high Med: $547 On site: 16 low | high Med: 35 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 4,974 low | high Med: 2,010 $ / sqft: $221 low | high Med: $547 On site: 16 low | high Med: 35 | |