Description

Stylish Spanish duplex in Boyle Heights. Corner location with curb appeal. Property exterior was substantially renovated in 2019 with new windows, exterior doors, new stucco, exterior paint, and landscape upgrades. Each unit is situated above grade over a space that could be a third unit facing Barlow Street (see below). Units have long term tenants. Corner unit has views of downtown Los Angeles and is 1 bedroom plus a den and 1 bath. The second unit is a 1 bedrom plus 1 bath. Each unit has separate water, gas, and electric meters. A third electric meter serves as a house meter (currently inactive). Full property address is 736 & 738 N Breed Street. Lower space facing Barlow Street was tenant occupied for many years. This mostly built-out yet unpermitted space was vacated roughly 15 years ago. The bathroom and pantry kitchen installations were removed. Possible ADU or creative use - buyer to confirm zoning, use possibilities, and perform all due diligence and feasibility studies at its own expense. RSO property subject to City of Los Angeles Rent Control. Capital Improvement Surcharge in place as processed through LAHD. Rents are actual. Owner expense are property taxes and insurance. Tenants pay all utilities and grounds maintenance. Buyer to perform its own pro forma income and expense analysis.