117 N St Louis St - Multi-Family FOR SALE


Los Angeles, CA 90033- Boyle Heights
$2,099,000 USD
818-380-5294
117 N St Louis St, Los Angeles, CA for Sale
$2,099,000 USD
Multi-Family - FOR SALE
1/15
null | 7.03% Cap Rate

117 N St Louis St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • 12-unit multifamily property located in prime Boyle Heights near Mariachi Plaza!
  • Three-buildings featuring one 10-unit apartment building built in 1966 & two detached single-family residences built in 1942 and 1901
  • Approx. 10,233 SF of rentable living space situated on a large 14,713 SF LARD1.5-zoned corner lot
  • Four (4) 0+1’s, four (4) 1+1’s, two (2) 2+2’s, one (1) single family 3+1 and one (1) spacious single family 4+3
  • Seven (7) units remodeled and ten (10) on-site parking spaces
  • One (1) unit currently VACANT!

OVERVIEW

117 N St Louis Street is a 12-unit multifamily property situated on a 14,713 square foot LARD1.5-zoned corner lot. The property consists of three separate residential structures, including a ten-unit apartment building built in 1966, and two detached single-family residences built in 1901 and 1942. The property features a unit mix of four (4) studios, four (4) one-bed/one-bath, two (2) two-bed/two-bath, one (1) single family three-bed/one-bath, and one (1) spacious single family four-bed/three-bath, providing plenty of diversity for tenants. The three structures total approximately 10,233 square feet of rentable living space, include ten (10) on-site parking spaces and seven units have been remodeled. One (1) unit is currently VACANT! 117 N St Louis Street is ideally located in prime Boyle Heights, just east of Downtown Los Angeles, one of the region’s primary employment and cultural hubs. The property is deemed a “Walker’s Paradise” with a Walk Score of 93 and benefits from excellent accessibility to major transportation corridors, including the San Bernardino Freeway, Golden State Freeway, and Pomona Freeway. The location also offers close proximity to the USC Health Sciences Campus, LAC+USC Medical Center, and Adventist Health White Memorial Medical Center, three of the area’s largest employment centers. 117 N St Louis Street is well positioned to benefit from access to neighborhood retail, dining, transit options, and the greater Downtown Los Angeles job base. The property is located within the city of Los Angeles and is subject to Rent Control. Rents reflect a rental increase that will go into effect June 1st.

FOR SALE DETAILS

PRICE

$2,099,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

12

PRICE/UNIT

$174,917

CAP RATE

7.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5183-007-041

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.