2710-2716 New Jersey St, Los Angeles, CA 90033

Feb 1

Written By Jake Glaser

Adjacent Duplex & 4-Plex in Boyle Heights | 4 of 6 Units Vacant

Sold: $1,460,000

$243,333/Unit

$275.99/SF

8.09% Cap Rate

9.01 GRM

The Deal Story

CLOSINGS #16 & #17 OF THE YEAR

Sale Price: $1,460,000

Units: 6 (4-Plex + Duplex)

Property Type: Two adjacent lots with a 4-plex and a duplex

Unit Mix: (5) 2-bed / 1-bath units & (1) 3-bed / 2-bath unit

Buyer Type: Local investor planning to reposition and revitalize the assets

Seller Situation: Trust beneficiaries; family-owned since the 75+ years when the grandparents built the properties; transitioning equity toward goals better aligned with the family's future

Result: Generated 6 offers within the first 2 weeks on the market. Opened a smooth escrow with no inspection contingency.

Special Features: ~67% vacant at sale for immediate repositioning; attached garages with ADU potential long-term redevelopment upside.

Case Study Summary
These two adjacent Boyle Heights properties, a 1968-built 4-unit building and a 1955-built duplex, sold together for $1,460,000 and were delivered with 4 vacancies, including the duplex being fully vacant. Within the first two weeks on the market, we generated 6 competing offers and opened a strong escrow with no inspection contingency.

The properties had been in the seller's family since the grandparents built them in the 1950s and 60s. As the trust beneficiaries moved into a new chapter, they engaged our team to maximize value and redirect the equity toward the family's future goals. We repositioned the portfolio and delivered it largely vacant to drive demand and increase sale value. We identified the ideal buyer, a local investor planning to revitalize the assets. Glaser Group represented both sides and coordinated a smooth escrow.

Property Highlights

Two adjacent mid-century properties in Boyle Heights (Duplex + 4-Plex)
Four of the six units to be delivered vacant
2710 NJ St is a fourplex consisting of (3) 2BR/1BA units and (1) 3BR/2BA unit, perfect for an owner user
2714-2716 NJ St is a duplex consisting of (2) 2BR/1BA units
Duplex to be delivered completely vacant
4-Plex to be delivered with (1) vacant 2BR/1BA unit and (1) vacant 3BR/2BA unit
4-Plex has a two-car enclosed garage in the front, and three enclosed garage spaces in alley
Each unit has their own washer/dryer hookups, some with A/C units, water heaters, and are individually metered for gas and electricity
2/6 units have been renovated
Separate lots qualify for residential financing