2837 Ganahl Street, Los Angeles, CA 90033
- $480,000
- 5
- BD
- 2
- BA
- 1,588
- SqFt
- Sold Price
- $480,000
- List Price
- $499,000
- Closing Date
- Jul 09, 2026
- Status
- CLOSED
- MLS#
- 26842807
- Year Built
- 1923
- Bedrooms
- 5
- Bathrooms
- 2
- Living Sq. Ft
- 1,588
- Lot Size
- 7,340
- Acres
- 0.17
- Days on Market
- 5
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Offered at an attractive basis, this duplex presents investors with a compelling value-add opportunity in the heart of Boyle Heights. The property features a 2+1 house, 3+1 house, and a vacant owner's garage. There is approximately 39% rental upside, allowing for a projected increase from a 5.08% current cap rate to an 8.23% pro forma cap rate, while generating substantial growth in cash flow. Situated on a sizable 7,340 SF R2-zoned lot, the asset offers the potential to add ADUs and significantly increase density (buyer to verify). Additional value is created through the vacant owner's garage, which may provide future development or income-generating opportunities, while onsite parking for every tenant enhances long-term tenant appeal and occupancy. Combined with a basis well below recent area duplex sales, the property offers a rare opportunity to acquire a cash-flowing asset with multiple paths to future value creation. ***PLEASE NOTE: PROPERTY TO BE DELIVERED FULLY OCCUPIED***
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Kian Maronde (Kmaronde@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Listing sold by Kian Maronde from Marcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.