Home | Los Angeles County | Los Angeles | 90033 | 1612 Pennsylvania Ave
MLS: CRCV26171813 | Status: Active | Price: $1,175,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,486 | 1972 |
Just Listed! Outstanding value-add opportunity to acquire a 4-unit multi-family property in Boyle Heights, offering a rare combination of immediate vacancy and strong day-one cash returns. The property is currently operating at a 6.28% CAP Rate and 11.57 GRM, with three of the four units to be delivered vacant, allowing investors to lease at current market rents from the outset and maximize thier cash flow. Built in the 1970s, the property features a highly desirable and diverse unit mix consisting of a detached single-story 2-Bedroom/1-Bath cottage, one 2-Bedroom/2-Bath unit with a den, and two 2-Bedroom/1-Bath units, totaling approximately 3,385 rentable square feet on a 7,486 sq. ft. lot. Residents enjoy the privacy of a gated entry along with onsite garage parking, while ownership benefits from an efficient operating structure with tenants paying ALL utilities, including electricity, gas, trash and water! Adding to the property's long-term value is the potential to convert the standalone garage into an ADU (buyer to verify), creating an additional opportunity to increase future income. Conveniently located near the I-10, I-5, and 101 Freeways, the property offers excellent access to Downtown Los Angeles, major employment centers, shopping, dining, and public transportat
| Field | Value |
|---|---|
| MLS # | CRCV26171813 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Kitchen | None |
| Laundry | None |
| Cooling | Window/Wall Unit |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage, Other, Garage: 2 Car(s) |
| HOA Fee | $0 |
Kristopher German
RE/MAX 2000 REALTY
License #: 01800021
Phone: (626) 427-0786
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 1 | 4 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 4128 Abner St | $950,000 | – | – | – | PendingDoNotShow |
| 1163 N Ditman Ave | $1,199,000 | – | – | – | Active |
| 2742 Cincinnati | $949,000 | – | – | – | Active |
| 2316 Michigan | $1,100,000 | – | – | – |
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This listing information is up-to-date as of August 07, 2026. For the most current information, please contact Kristopher German, (626) 427-0786.