ABOUT THIS PROPERTY

Principle Quality Investments is pleased to present 2029 New Jersey Street an excellent multifamily investment opportunity featuring five residential single-story layout
units in a centrally located Boyle Heights neighborhood. This property offers investors the opportunity to own a turn-key asset in one of Los Angeles’ established urban communities, with future development potential on a R-4 zoned high density lot.

Ideally positioned near the 10, 5, and 101 freeways, the property is located conveniently to major transportation corridors and Downtown, which provides easy connectivity throughout Los Angeles. Surrounded by employment centers, entertainment destinations, and other major areas of the city, making it ideal for redevelopment potential.

Attractive low basis of $165,000 per unit allows for superb value-add opportunity to reposition the asset, and capture incredible upside potential (17.03% cap rate &
5.03X GRM), optimal for experienced operators. 2029 New Jersey Street presents a compelling combination of location, accessibility, and multifamily investment potential in a blue-chip Los Angeles market.