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$2,200,000
90 Days Online

1018 S Lorena Street
Los Angeles, CA 90023

For Sale|Multi-Family|Active
County:
Los Angeles

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1018 S Lorena Street1018 S Lorena Street1018 S Lorena Street1018 S Lorena Street
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We are proud to exclusively present the opportunity to acquire 1018- 1020 South Lorena Street, a 10-unit multifamily investment property located in the Boyle Heights neighborhood of Los Angeles, California. Built in 1963, the property sits on 0.17 acres and has a building size of approximately 5,862 square feet. The building consists of (1) Studio/one-bathroom unit, (4) one-bedroom/one-bathroom units, and (5) two-bedroom/one- bathroom units. The property features two single-car garages, seven open space parking, owned on-site laundry, and has been seismic retrofitted. Copper plumbing has recently been re-pipped. All units are individually metered for gas and electricity. Rents are subjected to City of Los Angeles rent stabilization program. The property has an attractive rental location in Southeast Los Angeles, the neighborhood of Boyle Heights, and is ideally situated at the intersection of five major freeways, the Interstate 5, 10, 710, the U.S. 101, and the California 60 freeways. The apartment is within walkable distance to multiple supermarkets, restaurants, and recreations, including Vallarta Supermarket, Guadalajara Market, and Hollenbeck Lake. With a very walkable score of 85 and rated excellent in public transportation, the property is well served by four different Metro Gold Line Stations and the famous Union Station, which can take commuters to the Los Angeles International Airport. We are proud to exclusively present the opportunity to acquire 1018- 1020 South Lorena Street, a 10-unit multifamily investment property located in the Boyle Heights neighborhood of Los Angeles, California. Built in 1963, the property sits on 0.17 acres and has a building size of approximately 5,862 square feet. The building consists of (1) Studio/one-bathroom unit, (4) one-bedroom/one-bathroom units, and (5) two-bedroom/one- bathroom units. The property features two single-car garages, seven open space parking, owned on-site laundry, and has been seismic retrofitted. Copper plumbing has recently been re-pipped. All units are individually metered for gas and electricity. Rents are subjected to City of Los Angeles rent stabilization program. The property has an attractive rental location in Southeast Los Angeles, the neighborhood of Boyle Heights, and is ideally situated at the intersection of five major freeways, the Interstate 5, 10, 710, the U.S. 101, and the California 60 freeways. The apartment is within walkable distance to multiple supermarkets, restaurants, and recreations, including Vallarta Supermarket, Guadalajara Market, and Hollenbeck Lake. With a very walkable score of 85 and rated excellent in public transportation, the property is well served by four different Metro Gold Line Stations and the famous Union Station, which can take commuters to the Los Angeles International Airport.

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Listing Snapshot
Price 
$2,200,000
Days Online 
90 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1737 Acres
Year Built 
N/A
MLS Number 
CV21237027
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS
6 days agoPrice changed to $2,200,000
3 months agoStatus changed to ACTIVE
3 months agoPrice changed to $2,300,000
3 months agoListing first seen online
General Features
Terms 
Cash
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Exterior Features
Pool 
N/K
Listing courtesy of MARCUS & MILLICHAP

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2022 San Diego MLS®.

Data last update at 2022

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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