6038 Easton Street, Los Angeles, CA 90022

Property Description

We are pleased to present 6038 E Easton St, a recently upgraded triplex located in East Los Angeles offered at a 12.65 GRM and 5.51% CAP upon the lease-up of the TWO VACANT and RENOVATED one-bedroom and two-bedroom units! Built in 1948, the property consists of two separate structures with a front single-story duplex with a second rear structure with the third unit sitting above the three 1-car garages totaling 2,225 rentable or livable square feet which sits on a 3,993 square foot LCR3YY zoned lot with alley access. The unit mix consists of two one-bedroom one-bathroom units located in the front duplex with the two-bedroom unit located above the garages in the rear. With the front one-bedroom tenant occupied, the middle one-bedroom and rear two-bedroom will be delivered RENOVATED and VACANT! Whether for an investor who operates for long-term appreciation and cash flow or for an own-user who lives in one unit and rents out the others or even moves their family members in, this opportunity is strategically located one block north of Olympic Blvd and nearby the 5-freeway offering convenient access to Downtown Los Angeles as well as the 710, 60 and 10 freeways in addition to nearby neighborhoods and cities such as Boyle Heights, Montebello, and City Terrace. Nearby tenant amenities include Steven's Steak & Seafood House, Ruby's Diner, Starbucks, Il Saggio Italian Restaurant, Tamayo Restaurant and Art Gallery, Mi Pueblo Salvadoran Restaurant, Birrieria Gonzalez, El Gallo Giro, Tacos Baja, as well as the renown "Whittier Boulevard" which is the main commercial thoroughfare in East Los Angeles and a mecca for shopping, dining and culture within the community. Contact the listing broker for additional information.