™ S BOYLE AVENUE 120 LOS ANGELES, CA OFFERING MEMORANDUM 1 LISTED BY J. A. CHARLES WRIGHT SENIOR ASSOCIATE - MULTIFAMILY Direct +1.310.295.4374 Mobile +1.626.290.5965
[email protected] License No. 01985584 (CA) ™ S BOYLE AVENUE 120 LOS ANGELES, CA E 4 MEET MATTHEWS 12 PROPERTY OVERVIEW 16 LOCATION OVERVIEW 20 FINANCIAL OVERVIEW 32 MARKETING ADVANTAGE S BOYLE AVENUE 120 LOS ANGELES, CA PROPERTY OVERVIEW 4 PROPERTY OVERVIEW 120 S Boyle Avenue is in the heart of Boyle Heights, just steps to Mariachi Plaza and Mariachi Plaza/Boyle Heights Station Metro Gold Line. The location of 120 S Boyle Avenue offers tenants a short drive down 1st Street to the Arts District in Downtown Los Angeles and a short walk to the vibrant 1st Street retail, which will be the hub for re-development as this community continues to grow. This is perfect for any investor looking to capture the 75% upside in rents the property possesses and enjoy rapid appreciation as this area continues to improve and gentrify. PROPERTY HIGHLIGHTS » 16 Units Built in 1965 » Unit Mix: (12) One-Bedrooms, (2) Two-bedrooms, (2) Studios » 15 Parking Spaces On-Site » Property Subject to Soft-Story Retrofit » 10,104 Gross Square Foot Building » 10,529 Square Foot Lot » LAR4 Zoning » Separately Metered for Gas and Electricity » Landlord Pays Water, Sewage, Trash and Common Area Gas and Electricity » Walk to Mariachi Plaza/Boyle Heights Station – Metro Gold Line » Short Drive to Arts District in Downtown Los Angeles 5 PHYSICAL DESCRIPTION $ NO. OF UNITS YEAR BUILT APN GROSS SF AVG SF PER UNIT LOT SIZE 16 1965 5174-018-023 10,104 632 10,529 SF PARCEL MAP 6 7 S BOYLE AVENUE 120 LOS ANGELES, CA LOCATION OVERVIEW 8 BOYLE HEIGHTS Boyle Heights is a charming, historic, and walkable working- closs neighborhood of almost 100,000 residents just a few Demographics miles east of Downtown Los Angeles.